Rubrik

Rubrik slid roughly 2.5% following Q1 earnings that beat estimates and prompted guidance raises, yet failed to sustain investor enthusiasm built on last month's 47.9% surge. The earnings report showed Q1 revenue of $378 million, up 46% year-over-year, but this proved insufficient to overcome heightened expectations from the prior rally. Post-market trading turned volatile, with the stock spiking to $83.85 before crashing to $74.60, swinging over 11% and reflecting sharp disagreement on valuation relative to profitability prospects. Year-to-date, the stock is up only 2%, trading about 25% below its 52-week high of $103. Despite robust revenue growth and raised guidance, Q4 net losses of $87 million underscore investor concerns about a $16 billion market capitalization paired with ongoing negative earnings.