Rubrik shares drop on raised outlook as SentinelOne slides on profit guide
Shares of Rubrik Inc. and SentinelOne Inc. both fell in late trading today despite the two cybersecurity companies posting fiscal second-quarter beats on revenue and earnings. Rubrik dropped about 8%, a reaction that came even as the security and AI operations company lifted its outlook for the full year. A soft annual profit forecast saw […] The post Rubrik shares drop on raised outlook as…
Rubrik and SentinelOne shares fell in late trading after both cybersecurity firms beat earnings and revenue expectations for their fiscal second quarter. Rubrik lifted its full-year outlook, while SentinelOne reduced its profit guidance. Rubrik reported adjusted earnings of 20 cents per share and revenue of $427.3 million, surpassing expectations of four cents per share and $396.3 million in revenue.
The company expanded its budget for a U.K. expansion and moved London as its headquarters for Europe, the Middle East and Africa. SentinelOne earned eight cents per share on revenue of $292 million, beating estimates of $290 million and four cents per share. The company also boosted its full-year revenue range and adjusted operating income range.
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