Why Rubrik Stock Plummeted Today
Rubrik (NYSE: RBRK) stock suffered a big valuation pullback in Wednesday's trading. The company's share price sank 18.1% the day of trading following the release of its second-quarter report.
Rubrik published its Q2 results after the market closed yesterday and posted mixed performance. The data-security specialist posted sales and earnings that were much better than expected, but investors seem to have concerns about its valuation and forward guidance.
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Source Fool.com
