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Rubrik: Lots To Love

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  • Rubrik has demonstrated strong growth, with subscription ARR up 40% and total revenue increasing 35% year-over-year, despite trading near IPO lows.
  • The company benefits from heightened demand for cyber resilience, highlighted by the recent CrowdStrike outage, which underscores the need for robust data recovery systems.
  • With a market cap of $5.6 billion and ARR forecasted to top $1 billion, Rubrik's stock is an attractive buy at 5x forward EV/S targets.
Despite another strong quarter, Rubrik (NYSE:RBRK) has traded near its lows since the IPO back in April. The company secures data and quickly helps enterprise customers recover data following cyberattacks, or even the recent IT outage. My investment thesis remains ultra-Bullish on the cybersecurity stock, with strong growth oddly ignored.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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