Rubrik, Inc. RBRK will release earnings results for the second quarter after the closing bell on Tuesday, Sept. 9.Analysts expect the Palo Alto, California-based company to report a quarterly loss at 34 cents per share, versus a year-ago loss of 40 cents per share. Rubrik projects to report quarterly revenue of $282.26 million, compared to $204.95 million a year earlier, according to data from Benzinga Pro.On June 25, Rubrik announced it has entered into an agreement to acquire Predibase to accelerate agent ...

Key Takeaways Rubrik projects fiscal Q2 revenues between $281M and $283M.Customer base with $100K+ ARR grew 28% to 2,381 in fiscal Q1.Alliances with Microsoft, Alphabet, Deloitte, and NTT Data boost growth.Rubrik (RBRK) is scheduled to release second-quarter fiscal 2026 results on Sept. 9.For the to-be-reported quarter, RBRK expects revenues between $281 million and $283 million. The Zacks Consensus Estimate for revenues is pegged at $282.2 million, indicating a year-over-year increase of 37.7%. The consens ...

Core Insights - Cohesity, a data security firm, is planning for a potential initial public offering (IPO) in 2026, aiming for a valuation comparable to its $17 billion competitor Rubrik [1] - The company previously postponed its IPO plans in 2021 to complete a merger with Veritas' data protection unit, which was finalized in December 2024, valuing the combined entity at over $7 billion [2] - The merger has positioned Cohesity as the largest data protection software provider, increasing its market share from 5% to 19%, surpassing Veritas [4] Company Strategy - CEO Sanjay Poonen emphasized the importance of becoming a market leader before going public, stating that the goal was to be the "biggest fish" in a competitive landscape [3] - The company is preparing for an IPO once it can present a full financial year's results as a combined entity, potentially as early as 2026 [4][5] Market Position - The merger with Veritas has allowed Cohesity to lead in a fragmented industry, with a significant increase in market share [4] - Cohesity's financial year ends in August, which may influence the timing of its IPO, with a possibility of waiting until fall 2026 [4]

Core Insights - Rubrik Inc. (RBRK) is positioned as a growth-oriented company with improving margins, indicating a potential path to profitability [1] Group 1: Company Overview - Rubrik Inc. is categorized as a SaaS company, where decent growth and improving margins are critical indicators of success [1] Group 2: Financial Performance - The focus on growth and margin improvement suggests that Rubrik is on a trajectory that could lead to enhanced profitability in the future [1]

"We are reshaping what it means to stay operational in a world shaped by constant digital disruption," said Joe Levy, CEO, Sophos. "This is the future of cyber resilience: an intelligent, adaptive partnership that ensures organizations remain secure, responsive, and uninterrupted. By combining Sophos' prevention-first approach with Rubrik's unwavering recovery capabilities, we empower businesses to withstand attacks and maintain continuity, even under pressure." Sophos will offer a powerful new add-on solut ...

Core Insights - The article emphasizes the potential of undervalued stocks that are mispriced by the market as of the end of July [1] Group 1 - The article suggests that investors should consider joining a platform that provides insights on undervalued stocks [1]

Group 1 - Bert Hochfeld has a strong background in economics and business, with degrees from the University of Pennsylvania and Harvard [1] - Hochfeld has extensive experience in the tech industry, having worked for notable companies such as IBM, Raytheon Data Systems, and BMC Software [1] - He established Hochfeld Independent Research Group in 2001, providing research services to major institutions and hedge funds [1] - The Hepplewhite Fund, managed by Hochfeld, was recognized as the best performing small-cap fund for the five years ending in 2011 [1] - Hochfeld has published over 500 articles on Seeking Alpha, focusing on information technology companies [1] - He ranks in the top 0.1% of Tip Ranks analysts for his successful selection of information technology stocks [1] Group 2 - In 2012, Hochfeld was convicted of misappropriating funds from his hedge fund [1]

Financial Data and Key Metrics Changes - The company reported the election of two class one directors, John W. Thompson and Yvonne Lassner, during the annual meeting [11] - KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending January 31, 2026 [11] Business Line Data and Key Metrics Changes - No specific business line data or key metrics were discussed in the meeting [9] Market Data and Key Metrics Changes - No specific market data or key metrics were provided during the meeting [9] Company Strategy and Development Direction and Industry Competition - The meeting focused on the election of directors and the appointment of auditors, with no detailed discussion on company strategy or industry competition [7][11] Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook during the meeting [9] Other Important Information - The meeting was conducted virtually, and the rules of conduct were established to ensure an orderly process [4][5] - The preliminary voting results will be reported in a timely manner, with final results expected to be filed within four business days after the meeting [11][12] Q&A Session Summary Question: Were there any questions submitted during the meeting? - There were no questions submitted during the meeting [9]

Acquisition Announcement - Data cybersecurity company Rubrik announced its intent to acquire Predibase, a startup focused on training and fine-tuning open source AI models [1][2] - The deal's financial terms were not disclosed, but reports suggest it falls between $100 million and $500 million [1] Company Background - Predibase was founded in 2021 and has raised over $28 million in venture capital from notable investors such as Felicis, Greylock, and Sancus Ventures [2] - Rubrik, founded in 2014, has raised more than $1.6 billion in venture capital and went public in April 2024 [6] Strategic Implications - The integration of Predibase is expected to enhance Rubrik users' ability to build AI agents using platforms like Amazon Bedrock, Azure OpenAI, and Google Agentspace [2] - Bipul Sinha, CEO of Rubrik, emphasized that combining Predibase's capabilities with Rubrik's secure data platforms can transform AI applications by addressing performance and cost issues [3] Industry Trends - Rubrik's acquisition is part of a broader trend where companies are acquiring firms to strengthen their technology stack for AI agent development [3] - Other recent acquisitions in the industry include Salesforce acquiring Informatica for $8 billion and Snowflake acquiring Crunchy Data [4]

Core Insights - Three cybersecurity stocks have seen significant upgrades in the last 30 days, indicating a positive shift in market sentiment [1][10] Group 1: Okta (NASDAQ: OKTA) - Okta has received seven analyst upgrades in the past month, with a current price of $98.53 and a 12-month price forecast of $121.59, suggesting a potential upside of 23.4% [1][2] - The stock has outperformed the S&P 500, with a 25% increase in 2025 compared to the index's 3% return [2][3] - Following a 16% drop after its fiscal Q1 2026 earnings report, analysts believe the decline was unwarranted, with the lowest price target being $110, indicating moderate upside potential [3] Group 2: Rubrik (NYSE: RBRK) - Rubrik has garnered nine upgrades in the last 30 days, with a current price of $90.14 and a 12-month price forecast of $100.38, implying an 11.35% upside [4][5] - The average price target from recent updates is nearly $114, suggesting a potential upside of approximately 27% [5] - The company reported a 49% revenue increase last quarter and improved its adjusted operating margin from -50% to -7% year-over-year [6][7] Group 3: Zscaler (NASDAQ: ZS) - Zscaler has received 28 upgrades recently, making it the most upgraded stock, with a current price of $308.46 and a 12-month price forecast of $294.03, indicating a downside of 4.68% [8][9] - Despite the forecast suggesting a decline, the average updated price target is $329, implying a potential upside of around 6% [9] - The company achieved a 23% revenue growth last quarter, with billings rising by 25%, indicating potential for future revenue acceleration [9]