Why Rubrik Stock Surged Today
Shares of Rubrik (NYSE: RBRK) rocketed 22% higher on Friday after the data security specialist delivered impressive growth metrics.
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Rubrik's revenue rose 48% year over year to $350 million in the third quarter. The company's subscription annual recurring revenue (ARR) leaped 34% to $1.35 billion, as the number of customers with ARR of $100,000 or more increased 27%.
Source Fool.com
