Are there any updates on the competitive landscape with Snowflake, Veeam, or other data protection and AI firms?
No new competitive‑play updates were disclosed in the filing – the Rubrik press release simply confirms the date of its FY 2026 Q2 results (Sept 9, 2025) and the accompanying call. It does not mention any developments with Snow Flake, Veeam, or other data‑protection/AI peers.
What that means for the market:
* Fundamentals: Rubrik is still positioning itself as a “Security + AI” platform, a narrative that directly overlaps with Snowflake’s data‑cloud and Veeam’s backup‑as‑service businesses. In the absence of a concrete competitive update, investors will focus on the upcoming earnings to gauge whether Rubrik is gaining market share (e.g., new ARR, expansion of AI‑driven data‑classification, or partnership announcements).
* Technical view: Rubrik’s stock (RBRK) has been trading in a tight range around the 30‑day moving average since the last earnings beat, with the 20‑day EMA holding near the 50‑day EMA. A breakout above the $30 resistance line on strong Q2 results could trigger a short‑term rally, while a miss would likely test the $27‑$26 support zone.
* Actionable trade‑bias: Until the September 9 call, keep a neutral‑to‑light‑long bias with a tight stop just below the $27 support. If the earnings beat comes with a clear “we’re beating Snowflake/Veeam on AI‑enabled data protection” narrative, consider scaling in on a breakout. Conversely, a muted or negative outlook should be met with a defensive exit or a short‑cover at the $26‑$25 level.
In short, there are no fresh competitive updates to factor in right now; the next catalyst is Rubrik’s Q2 FY 2026 results, where any mention of head‑to‑head progress against Snowflake, Veeam, or similar AI‑data firms will likely drive the stock’s short‑term direction. Keep an eye on the earnings call transcript for those clues.