Rubrik Inc. (RBRK) surged 26.81% in intraday trading on Friday, following the release of its strong third-quarter fiscal 2026 financial results and raised full-year outlook.
The cybersecurity firm reported adjusted earnings of $0.10 per share, significantly beating analyst expectations of a $0.17 loss. Revenue for the quarter rose 48% year-over-year to $350.2 million, surpassing estimates of $319.25 million. Rubrik also raised its fiscal 2026 revenue guidance to $1.28-$1.282 billion, above the consensus estimate of $1.23 billion, and improved its adjusted loss per share forecast.
Analysts reacted positively to the results, with several firms raising their price targets. Investor sentiment was buoyed by the company's strong performance and optimistic outlook, particularly in the AI-driven cybersecurity sector.
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