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PALO ALTO - Rubrik, Inc. (NYSE:RBRK), a $16.6 billion market cap company whose stock has surged over 170% in the past year, announced Tuesday the launch of Agent Rewind, a new offering designed to help organizations undo unwanted actions performed by AI agents. The product comes following Rubrik’s acquisition of Predibase. According to InvestingPro data, the company currently trades at $85.70 per share and appears overvalued based on its Fair Value analysis.
Agent Rewind creates an audit trail of AI agent activities and enables companies to trace, audit, and reverse undesired actions taken by artificial intelligence systems. The solution provides visibility into AI agents’ behavior and allows enterprises to rewind changes made to applications and data. This innovation comes as Rubrik demonstrates strong business fundamentals, with InvestingPro data showing impressive revenue growth of 44% and industry-leading gross profit margins of 76%.
"As AI agents gain autonomy and optimize for outcomes, unintended errors can lead to business downtime," said Anneka Gupta, Chief Product Officer at Rubrik, in a press release statement.
The company points to recent incidents of AI agent errors that have caused business disruptions, including cases of technical malfunctions and even deletion of production databases. According to Rubrik, current observability tools only show what happened, but not why or how to reverse high-risk actions. With a year-to-date return of 31%, investors have shown strong confidence in Rubrik’s innovative solutions. For deeper insights into Rubrik’s financial health and growth prospects, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
Agent Rewind offers three key capabilities: context-enriched visibility that surfaces agent behavior and maps actions back to root causes; safe rollback functionality using Rubrik Security Cloud to rewind changes to files, databases, and configurations; and broad compatibility with platforms including Agentforce, Microsoft Copilot Studio, and Amazon Bedrock Agents.
Chad Pallett, Chief Information Security Officer at BioIVT, commented on the product: "Agent Rewind will close the loop on what happened, why it happened, and how to undo it."
The offering integrates Predibase’s AI infrastructure with Rubrik’s recovery capabilities to address what Johnny Yu, Research Manager at IDC, described as "non-human error" in AI systems.
Rubrik, which describes itself as "the Security and AI company," is publicly traded on the New York Stock Exchange.
In other recent news, Rubrik reported a significant 49% year-over-year increase in revenue for its first quarter, surpassing consensus estimates by 7%. The company’s billings grew by 53% year-over-year, exceeding expectations by 22%, while its subscription annual recurring revenue reached $1.181 billion, marking a 38% increase. In a strategic move, Rubrik announced plans to acquire AI platform Predibase to enhance its enterprise AI capabilities, with the acquisition subject to customary closing conditions. Additionally, Rubrik is expanding its data protection services to include Amazon DynamoDB and enhanced support for Amazon RDS for PostgreSQL, offering immutable protection by default.
FBN Securities analysts raised Rubrik’s stock price target to $100 from $80, maintaining an Outperform rating due to the company’s strong financial performance. Furthermore, Rubrik plans to offer $1 billion in Convertible Senior Notes due 2030 in a private placement to qualified institutional buyers, with an option to purchase an additional $150 million in notes. These notes will mature on June 15, 2030, with interest payable semiannually, and conversion terms allowing payment in cash, shares, or a combination thereof. The expansion of services and strategic acquisitions reflect Rubrik’s continued growth and adaptation in the cybersecurity and AI sectors.
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