Core Viewpoint - Rubrik Inc. is recognized as a strong investment opportunity in the big data sector, with Goldman Sachs maintaining a Buy rating and a price target of $120 despite a recent 17% decline in stock price due to external factors [1]. Group 1: Company Performance - In the third quarter, Rubrik exceeded consensus expectations in key metrics such as revenue, subscription ARR, operating income, and free cash flow [3]. - The company achieved over $95 million in net new subscriber ARR, indicating a sequential acceleration in growth and increased platform utilization [3]. - Rubrik maintains a net revenue retention rate exceeding 120%, reflecting strong customer loyalty and large-deal activity [3]. Group 2: Market Context - The recent stock price pressure is attributed to Lightspeed's distribution of nearly 3 million shares and a general decline in high-growth security software stocks [1]. - Despite the stock's reversion to slightly above pre-third quarter valuations, investors appear to be undervaluing Rubrik's mid-30s ARR growth trajectory and improved free cash flow profile [2]. Group 3: Company Overview - Rubrik Inc. provides a range of data security solutions, including enterprise data protection, cloud data protection, data threat analytics, and cyber recovery solutions for individuals and businesses globally [4].