10 Stocks Jim Cramer Believes Will Soar

7. Rubrik Inc. (NYSE:RBRK)

Number of Hedge Fund Investors: 28

Jim Cramer talks about Rubrik Inc. (NYSE:RBRK), a cybersecurity company that helps customers secure their data. Despite being a type of unprofitable software company that fell out of favor in 2022, Rubrik Inc. (NYSE:RBRK)’s focus on cybersecurity gives it an edge. Rubrik Inc. (NYSE:RBRK) had a strong debut and is currently up 11% from its offer price, though it has dropped since its initial trade.

“The next largest IPO is Rubrik, the cybersecurity firm that helps customers secure their data. This is the kind of unprofitable software company that went out of style in 2022 and never really came back, but it’s also a cybersecurity play, a much stronger cohort. Rubrik had a good debut, and it’s still up 11% from its offer price, but the stock’s also down from its first trade. I’d say the jury’s still out on this one.”

Rubrik Inc. (NYSE:RBRK) is well-suited to capitalize on the increasing need for robust data security solutions, as cyber threats become more sophisticated and regulatory requirements tighten. Rubrik Inc. (NYSE:RBRK)’s cloud-native technology stands out for its scalability and efficiency, addressing the needs of modern IT environments effectively.

Since its IPO, Rubrik Inc. (NYSE:RBRK) has shown resilience and potential for growth, maintaining a positive outlook despite market fluctuations. Rubrik Inc. (NYSE:RBRK)’s experienced management team, with extensive expertise in cybersecurity and enterprise software, is skilled in navigating the competitive landscape and driving strategic initiatives.