Rubrik shares are trading higher after the company reported a year-over-year increase in Q1 sales results and issued Q2 revenue guidance above estimates. Also, the company issued FY25 guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Rubrik shares are trading higher after the company reported a year-over-year increase in Q1 sales results and issued Q2 revenue guidance above estimates. Additionally, the company provided FY25 guidance above estimates.
June 12, 2024 | 11:43 am
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POSITIVE IMPACT
Rubrik shares are trading higher following a positive Q1 sales report and optimistic Q2 and FY25 revenue guidance.
The increase in Q1 sales and the above-estimate guidance for Q2 and FY25 are strong indicators of the company's growth potential, likely driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100