SentinelOne missed earnings but issued upside guidance for 2025, Rubrik beat estimates and offered growth projections.

From Nasdaq: 2024-12-24 08:15:00

Cybersecurity is a diverse industry within the computer and technology sector, focusing on various aspects of online protection. Two cybersecurity stocks, SentinelOne and Rubrik, offer different opportunities based on their recent earnings reports. SentinelOne specializes in AI-powered autonomous endpoint protection, while Rubrik provides data protection services with its zero-trust architecture.

SentinelOne missed earnings estimates by a penny in Q3, reporting revenue growth of 28.3% YoY. Despite operating losses increasing, the company issued upside guidance for fiscal 2025, expecting revenue growth of 32% YoY. The market reacted by selling off shares, presenting a buying opportunity for investors.

Rubrik, a newly listed company, saw its stock surge after reporting FQ3 earnings that beat consensus estimates. Revenues grew 42.6% YoY, with Subscription ARR reaching over $1 billion. The company provided upside guidance for FQ4 and fiscal full-year 2025, expecting continued growth in revenue and earnings. Rubrik’s focus on cyber resilience has attracted investors looking for a complete solution.

CEO of Rubrik, Bipul Sinha, emphasized the importance of cyber resilience in cybersecurity, highlighting the need for fast recovery and data security. Rubrik’s unique approach combines cyber recovery with data security posture management, making it a trusted partner for enterprises. Pullbacks in Rubrik stock price present opportunities for bullish investors to enter the market.



Read more at Nasdaq: Cybersecurity Stocks: 1 Immediate Buy and 1 Dip Opportunity