Rubrik's Trading Volume Drops 35% to $578 Million, Ranked 161st

On June 11, 2025, Rubrik (RBRK) experienced a trading volume of $578 million, marking a 35.09% decrease from the previous day. This placed Rubrik at the 161st position in terms of trading volume for the day. The stock price of Rubrik increased by 1.50%.

Rubrik recently announced the pricing of $1.0 billion in Convertible Senior Notes due in 2030. These zero-interest notes will mature on June 15, 2030, with an initial conversion rate of 8.0155 shares per $1,000 principal amount, equivalent to a conversion price of $124.76 per share, representing a 42.5% premium. The company expects to receive net proceeds of approximately $980 million, which will be used to fund $77 million in capped call transactions, repay $327.9 million in outstanding loans, and for general corporate purposes. The capped call transactions, with a cap price of $175.10 per share, are designed to reduce potential dilution. The notes will be convertible under specific conditions before March 15, 2030, and freely convertible thereafter. Rubrik may redeem the notes after June 20, 2028, subject to certain conditions.

Rubrik has also expanded the use of AMD EPYC processors across its data security platform, building on their relationship since 2018. Currently, about 50% of Rubrik's Cloud Native Protection runs on AMD instances across major cloud providers. The company plans to extend AMD EPYC processor availability across its third-party hardware ecosystem, with solutions available on Dell and HPE platforms, and an upcoming Cisco-based solution. Key benefits include 5-10% capital expenditure savings, enhanced cloud deployment options, and reduced environmental impact through lower power consumption. The expansion aligns with enterprise computing trends, as 90% of IT leaders manage distributed hybrid environments according to Rubrik's 2025 State of Data Security report. Rubrik plans to make AMD their first choice for all servers and cloud instances in future product generations.

Rubrik's latest research reveals a concerning cybersecurity landscape, with 90% of IT and security leaders reporting cyberattacks in the past year. Nearly one-fifth of organizations experienced more than 25 cyberattacks in 2024, averaging one breach every other week. The most prevalent attack vectors include data breaches, malware, cloud/SaaS breaches, phishing, and insider threats. The attacks resulted in increased security costs, reputational damage, and forced leadership changes. Key findings show that 90% of organizations manage hybrid cloud environments, with 35% citing cross-ecosystem data security as their top challenge. Of organizations hit by ransomware, 86% paid ransoms, while 74% reported partial compromise of backup systems. The study is based on insights from 1,600+ IT leaders across 10 countries and analysis of 5.8 billion files.