Rubrik reported strong quarter, says Roth Capital

Roth Capital keeps a Buy rating and $107 price target on Rubrik (RBRK) after its Q3 earnings beat. The company reported a strong quarter with Net New Annual Recurring Revenue coming in ahead of Street and buy-side expectations, the analyst tells investors in a research note. The stock had under-performed since its last print due to Q2 coming in a little lighter vs. buy-side expectations, raising concerns about competition/pricing pressures, but a clean beat and raise should allay those concerns, the firm added.