🔴 Rubrik is trading 5.95% down today after profit-taking following its August 27 earnings release

Rubrik is trading 5.95% down at $100.65 after investors took profits following its August 27 earnings release.

• Revenue was $427.3 million and non-GAAP EPS was $0.20, beating expectations; Rubrik also raised full-year guidance.
• Shares had jumped 11.33% to $107.02 on August 27, elevating expectations.
• Investors are weighing reduced material-rights revenue affecting reported growth; software stocks are broadly higher, making this a company-specific reaction.