Sep. 21 at 2:20 AM
$RBRK this is barely above a year ago level while Cyber Security sector gained 100% plus as a group
While digging for reasons I found that this primarily a backup software company - with competitors such as Cohesity, CommVault, Veeam etc. Cohesity trades at 3x revenues in secondary markets!
Add to that terrible management
This fall back to 50s again !!
Short this and long cyber security leaders is the play for me. I’m going larger on shorting this at this level unless it breaks out 110 with strong volume in which case I will wait for a failed breakout or defer shorting at higher levels.
But this is a great hedge short vs. cyber security stocks that I’m long 2x