Rubrik Launches Sovereign Security Cloud to Ensure Data Control
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Sovereignty Commitment: Rubrik's launch of the Security Cloud Sovereign enables global organizations to maintain complete control over data location and access, addressing critical needs for national security and operational continuity while ensuring customer data is not controlled by external entities.
- Customer Demand Response: Anneka Gupta, Chief Product Officer at Rubrik, emphasized that customers want assurance that no foreign entity can access their sensitive data, and this announcement reinforces Rubrik's commitment to data sovereignty, helping clients defend against both domestic and foreign threats.
- Market Leadership: Rubrik has been recognized as a Leader in the Gartner Magic Quadrant for Enterprise Backup and Recovery Software Solutions for two consecutive years, with over 6,600 customers, showcasing its strong influence and trust in the data security sector.
- Early Access Program: The Security Cloud Sovereign is currently available for early access to select customers, with broader availability planned, further advancing Rubrik's strategic positioning in data security and sovereignty.
Analyst Views on RBRK
Wall Street analysts forecast RBRK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RBRK is 113.79 USD with a low forecast of 97.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
16 Buy
2 Hold
0 Sell
Strong Buy
Current: 69.050
Low
97.00
Averages
113.79
High
130.00
Current: 69.050
Low
97.00
Averages
113.79
High
130.00
About RBRK
Rubrik, Inc. is a cloud data management company. The Company has developed Zero Trust Data Security platform. It helps organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Its Rubrik Security Cloud (RSC) secures data across enterprise, cloud, and software-as-a-service (SaaS) application. RSC detects, analyzes, and remediates data security risks and unauthorized user activities. It has developed a proprietary machine learning and artificial intelligence-based data threat monitoring and management engine to surface anomalous activities and indicators of data breaches. In addition, the Company offers Ruby for artificial intelligence (AI) data defense and recovery. Ruby is designed to help customers scale their data security operations with automation, boosting productivity, and bridging the users’ skills gap.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
