Rubrik: Lots To Love
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.