Jim Cramer on Rubrik: “You Have to Wait Its Shake Out”

Rubrik, Inc. (NYSE:RBRK) is one of the stocks Jim Cramer shared his thoughts on. Toward the end of the lightning round, a caller sought Cramer’s opinion of the stock, and he replied:

Here’s the problem. These are all the same, okay? It doesn’t really matter. What you have to do is you have to wait its shake out. The price-to-earnings multiples are going down. When we see a bottom, we will make determinations. But right now, I do not like, do I look like a butcher block to you? I mean, honestly. I do not like falling knives, and I will not change my way.

Photo by jason briscoe on Unsplash

Rubrik, Inc. (NYSE:RBRK) provides data security and protection solutions across cloud, enterprise, and SaaS environments. The company’s platform delivers threat analytics, cyber recovery, and data security posture management. Cramer mentioned the company during the January 15 episode and said:

Sometimes, when you report a truly great quarter, your stock soars, and then a few days later, comes right back down. Take Rubrik, the data security company that turned in a blowout quarter a little over a month ago. It was a huge beat that sent the stock legitimately flying from $70 to $86 the next day, and it charged higher for the next couple of sessions before peaking at $92 and change. Since then, Rubrik’s pulled back hard, coming down to around $69 today, meaning you’re basically getting that fantastic quarter for free.

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Disclosure: None. This article is originally published at Insider Monkey.