On August 27, Rubrik Inc. rose 5.68% in regular trading, trading at $102.37/share, with turnover of $14.55 million. The company is scheduled to release its latest quarterly earnings after market close today, with investors positioning ahead of the report on optimistic performance expectations.

On the fundamental side, Rubrik delivered consecutive beats in prior quarters: last quarter revenue reached $387.1 million, up 39% year over year, significantly surpassing the Wall Street consensus of $366.3 million. Adjusted EPS came in at $0.16, far exceeding the expected loss of $0.03. The company also raised its fiscal 2027 revenue guidance to $1.64-$1.65 billion, above the prior estimate of $1.61 billion. Subscription ARR grew to $1.57 billion, driven by robust cloud expansion.

Ahead of the report, Truist raised its price target from $90 to $135, Oppenheimer lifted its target to $120, and the FactSet consensus rating stands at Buy with a mean target of $104.30. The stock had pulled back 5.02% on August 25 on pre-earnings profit-taking, making today's advance a recovery move as the market anticipates continued outperformance.

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