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Elastic (ESTC) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2024-12-27 18:00
Elastic (ESTC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changing ...
Elastic (ESTC) Just Overtook the 20-Day Moving Average
ZACKS· 2024-12-12 15:36
After reaching an important support level, Elastic (ESTC) could be a good stock pick from a technical perspective. ESTC surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.The 20-day moving averag ...
Elastic: A Stretchable Rally? Reiterating Buy For The Brave Hearted
Seeking Alpha· 2024-11-26 16:56
Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We picked up our coverage of Elastic (NYSE: ESTC ) in late October at a stock price of $77.61 per share based on our belief that there was a buying opportunity for Elastic at current levels after managementAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any ...
Elastic(ESTC) - 2025 Q2 - Quarterly Report
2024-11-25 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________________________________________________________________________________________________________________________________________________________ FORM ____________________________________________________________________________________________________________________10-Q ________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 ...
Here's Why Elastic Stock Popped Again Today
The Motley Fool· 2024-11-25 17:12
Enterprise software company Elastic (ESTC 3.78%) reported financial results for its fiscal second quarter of 2025 last week and the report was met with enthusiasm from investors. The stock gained over 20% last week primarily thanks to its Q2 report.Elastic stock is on the move again today thanks to some commentary from Wedbush analyst Dan Ives. According to The Fly, Ives basically believes that the moment has come for artificial intelligence (AI) to catalyze growth for software companies, including Elastic. ...
Watch These Elastic Stock Price Levels After Post-Earnings Surge
Investopedia· 2024-11-22 18:20
Key TakeawaysElastic handily surpassed Wall Street’s earnings expectations and lifted its outlook, sending shares in the enterprise data software company sharply higher. Today's earnings-driven jump adds to the stock’s bullish price momentum after it broke out from a descending channel ahead of earnings.Investors should watch key overhead levels on Elastic's chart around $118 and $133, while also keeping an eye on major support levels near $94 and $82. Elastic (ESTC) handily surpassed Wall Street’s earnings ...
Why Elastic Stock Flew Higher Today
The Motley Fool· 2024-11-22 16:23
Shares of enterprise software company Elastic (ESTC 14.80%) flew higher on Friday after it reported financial results for its fiscal second quarter of 2025. As of 10:15 a.m. ET, Elastic stock was up a strong 16%.A great quarter for ElasticElastic's financial report is turning heads because the numbers were far better than expected. Q2 revenue was up 18% year over year to $365 million, which was ahead of management's guidance of $353 million to $355 million. Moreover, it was an acceleration from its 17% grow ...
Elastic: A Rebound Is Starting
Seeking Alpha· 2024-11-22 14:17
I'm calling Q3 the quarter of rebounds, as many previously punished stocks have seen their fortunes turn around considerably after posting Q3 results. This has been especially true in the tech sector, and Elastic (NYSE: ESTC ) is one of theWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular co ...
Elastic Q2 Earnings: A Bullish Case For Growth And Profitability
Seeking Alpha· 2024-11-22 08:35
Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...
Elastic(ESTC) - 2025 Q2 - Earnings Call Transcript
2024-11-22 00:36
Elastic N.V. (NYSE:ESTC) Q2 2025 Earnings Conference Call November 21, 2024 5:00 PM ET Company Participants Anthony Luscri - VP of IR Ashutosh Kulkarni - CEO Janesh Moorjani - CFO and COO Eric Prengel - Interim CFO Conference Call Participants Matthew Hedberg - RBC Capital Markets Pinjalim Bora - JPMorgan Tyler Radke - Citi Koji Ikeda - Bank of America Brent Thill - Jefferies Raimo Lenschow - Barclays Ittai Kidron - Oppenheimer Howard Ma - Guggenheim Securities Austin Dietz - UBS Kash Rangan - Goldman Sachs ...