Cybersecurity
Rubrik Shares Face Dual Test in Earnings Results, Lock-Up Expiry
- Rubrik reports quarterly earnings Monday after the close
- The cybersecurity company also has a lock-up expire this week
Wall Street expects Rubrik to report $196.3 million in revenue in the quarter ending in July.
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Rubrik Inc.’s volatile stock is facing a two-day test with its second-ever earnings release as a publicly traded company coming Monday just ahead of an expiration of a restriction preventing insiders from selling.
Shares of the cybersecurity company have slumped 11% since its first quarter report in mid-June, making it the worst performer among the 10 biggest US IPOs this year and the only one trading below its initial offer price. That’s upped the ante for the company to report results that beat Wall Street expectations and give a solid outlook.