Goldman Sachs Analyst Reaffirms Buy on Rubrik Despite Quarterly Losses, Highlights Strong ARR Growth
Goldman Sachs Analyst Reaffirms Buy on Rubrik Despite Quarterly Losses, Highlights Strong ARR Growth
Goldman Sachs analyst Kash Rangan reiterated a Buy rating on Rubrik, Inc. (NYSE:RBRK) with a price target of $48.
高盛分析師卡什·蘭根重申對紅杉林公司（紐交所：RBRK）的買入評級，目標股價爲48美元。
Yesterday, Rubrik reported a quarterly EPS loss of $1.58 versus a year-ago loss of $1.48 and sales of $187.31 million, up from $135.74 million in the year-ago period.
昨天，紅杉林報告季度每股收益爲1.58美元的虧損，去年同期爲1.48美元的虧損和1.8731億美元的銷售額，今年同期爲1.3574億美元。
Rubrik said it sees a second-quarter EPS loss of $0.50-$0.48 vs. market estimates of $0.50 loss and revenue of $195 million to $197 million versus estimates of $194.89 million.
紅杉林表示，它預計第二季度每股收益將爲0.50-0.48美元，市場預計爲0.50美元的虧損，營業收入爲1.95億-1.97億美元，市場預計爲1.9489億美元。
The analyst says that despite the recent softening sentiment in the software sector due to several weaker-than-expected off-cycle prints, they maintain a positive outlook on the quality of Rubrik's results.
分析師表示，儘管由於多個弱於預期的非週期性質印刷品而導致軟件板塊的近期情緒放緩，但他們仍對紅杉林的業績質量持積極態度。
The analyst writes that Subscription ARR outperformance beats their expectations by 4%, and Contribution Margin outperformance exceeds expectations by 500 basis points, and there is a 21-point beat on Free Cash Flow Margin compared to consensus.
分析師稱，訂閱增長率的表現超出了他們的預期4%，貢獻率的表現超出了500個點子的預期，與共識相比的自由現金流率的超額21個百分點。
However, management indicated strong linearity in the first quarter, with relatively stable macro conditions and a healthy pipeline. Given the recent negative data points from the software sector, exercising caution seems prudent at this early stage in the year, writes the analyst.
然而，管理層表示第一季度表現良好，宏觀條件相對穩定，銷售管道暢通。考慮到軟件板塊最近的負面數據，分析師認爲在今年初行使謹慎是明智的。
Despite potential challenges, Rangan expects Rubrik to outperform its improved ARR guidance thanks to its position as a next-gen data security platform, accelerating large deal activity, and sustainable Net Revenue Retention over 120%.
儘管存在潛在的挑戰，蘭根預計紅杉林將通過作爲下一代數據安全平台的地位、加速大筆交易活動以及可持續的淨營業收入保留率超過120%來超越其改進的訂閱增長率指引。
The analyst says the company is positioned for long-term ARR growth of over 20% and achieving over 20% operating margins as its base matures.
分析師稱，該公司定位於超過20%的長期訂閱增長和實現超過20%的營業利潤率，因爲其基礎成熟。
The analyst revised EPS loss estimates to $2.30 from $1.61 for FY25, $1.50 from $1.19 for FY26 and $0.82 from $0.64 for FY27.
分析師將FY25的每股收益虧損預期從1.61美元修訂爲2.30美元，將FY26的每股收益虧損預期從1.19美元修訂爲1.50美元，將FY27的每股收益虧損預期從0.64美元修訂爲0.82美元。
Price Action: RBRK shares are down 6.11% at $33.11 at the last check Wednesday.
股價走勢：週三最後一次查詢時，RBRK股價下跌6.11%，報33.11美元。
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譯文內容由第三人軟體翻譯。