SAN DIEGO, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that the Elastic class action lawsuit seeks to represent purchasers or acquirers of Elastic N.V. (NYSE: ESTC) securities between May 31, 2024 and August 29, 2024, inclusive (the “Class Period”). Captioned Lucid Alternative Fund, LP v. Elastic N.V., No. 25-cv-00785 (E.D.N.Y.), the Elastic class action lawsuit charges Elastic and certain of Elastic’s top executives with violations of the Securities Exchange Act of 1934. If ...

Company Performance - Elastic (NYSE: ESTC) experienced a valuation reset over the past year, with a post-FQ1 slump followed by a rapid jump driven by strong FQ2 2024 results [1] - The stock has been volatile, which may have frustrated some investors [1] Analyst Perspective - The author focuses on growth opportunities in technology-related sectors, analyzing fundamentals driven by current and future trends [1] - The author manages a personal portfolio of tech-related securities that has consistently outperformed the market [1]

Elastic (ESTC) shares have climbed 20.5% over the past three months, outperforming the Zacks Computer and Technology sector, Zacks Internet - Software industry and the S&P 500 index’s appreciation of 2.4%, 4.2% and 0.9%, respectively.This strong performance highlights investor confidence in Elastic’s position in the data analytics space that provides innovative and secure artificial intelligence (AI)-powered search solutions. With such an outperformance, investors must be wondering – Is ESTC stock still wor ...

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 ...

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 ...

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 ...

Revenue and Growth - Subscription revenue accounted for 93% and 92% of total revenue for the six months ended October 31, 2024 and 2023, respectively [101]. - Elastic Cloud contributed 46% and 42% of total revenue for the six months ended October 31, 2024 and 2023, respectively [106]. - Total revenue for the three months ended October 31, 2023, was $365,361 thousand, a 17.6% increase from $310,612 thousand in the same period last year [119]. - Subscription revenue accounted for 93% of total revenue for both the three months ended October 31, 2024, and 2023 [121]. - Subscription revenue increased by $53.1 million, or 18%, for the three months ended October 31, 2024, driven by a 25% growth in Elastic Cloud, which constituted 46% of total revenue [125]. - Total revenue for the three months ended October 31, 2024, was $365.4 million, an increase of $54.7 million, or 18%, compared to the same period in the prior year [125]. - Subscription revenue for the six months ended October 31, 2024, was $664.6 million, an increase of $106.6 million, or 19%, compared to the same period in the prior year [138]. Customer Metrics - The number of customers increased to approximately 21,300 as of October 31, 2024, compared to approximately 20,700 as of October 31, 2023 [103]. - The number of customers with annual contract value over $100,000 increased to over 1,420 as of October 31, 2024, from over 1,220 as of October 31, 2023 [103]. - The Net Expansion Rate was approximately 112% as of October 31, 2024 [108]. Financial Performance - Gross profit for the six months ended October 31, 2024, was $527,845 thousand, representing a gross margin of 74% [119]. - The net loss for the six months ended October 31, 2024, was $(74,677) thousand, compared to $(73,304) thousand in the same period last year [119]. - Total operating expenses for the three months ended October 31, 2023, were $276,608 thousand, an increase from $252,062 thousand in the same period last year [119]. - Other income, net increased by $0.9 million, or 11%, for the three months ended October 31, 2024, primarily due to a rise in interest and other investment income [134]. - Other income, net increased by $4.8 million, or 31%, for the six months ended October 31, 2024, primarily due to an increase in interest and other investment income [148]. Expenses - Research and development expenses for the three months ended October 31, 2023, were $88,163 thousand, up from $80,108 thousand in the same period last year, indicating a 10.3% increase [119]. - Research and development expenses increased by $8.1 million, or 10%, for the three months ended October 31, 2024, mainly due to a $7.5 million rise in personnel costs [128]. - Research and development expense increased by $16.7 million, or 10%, for the six months ended October 31, 2024, primarily due to increases in personnel and related costs [142]. - Sales and marketing expenses for the three months ended October 31, 2023, were $144,274 thousand, compared to $133,230 thousand in the same period last year, reflecting an 8.4% increase [119]. - Sales and marketing expenses grew by $11.0 million, or 8%, for the three months ended October 31, 2024, attributed to a $15.8 million increase in personnel costs [129]. - Sales and marketing expense increased by $35.2 million, or 13%, for the six months ended October 31, 2024, driven by personnel and related costs [143]. - General and administrative expense increased by $10.1 million, or 13%, for the six months ended October 31, 2024, mainly due to personnel and related costs [144]. Cash Flow and Financial Position - Net cash provided by operating activities was $91.1 million for the six months ended October 31, 2024, compared to $35.4 million for the same period in 2023 [154]. - Net cash provided by investing activities was $10.8 million for the six months ended October 31, 2024, primarily due to sales and maturities of marketable securities [155]. - As of October 31, 2024, the company had cash, cash equivalents, and marketable securities totaling $1.198 billion [151]. - The accumulated deficit was $1.066 billion as of October 31, 2024, reflecting significant operating losses [153]. - As of October 31, 2024, the company had cash, cash equivalents, restricted cash, and marketable securities totaling $1.201 billion [162]. Market and Economic Conditions - Macroeconomic conditions may impact sales cycles and customer spending behavior [104]. - Foreign currency transaction losses recognized were $2.0 million for the six months ended October 31, 2024, compared to $1.1 million for the same period in 2023 [163]. - A 10% increase or decrease in exchange rates would have impacted cash, cash equivalents, restricted cash, and marketable securities by approximately $10.7 million as of October 31, 2024 [165]. - The company has not had a formal hedging program for foreign currency but may consider one if exposure increases [163]. - The company has experienced fluctuations in operating results due to transaction gains or losses from remeasurement of certain asset and liability balances in foreign currencies [163]. Investment Activities - The primary objectives of the company's investment activities include capital preservation and liquidity fulfillment [162]. - The company does not enter into investments for trading or speculative purposes [162]. - An immediate 10% change in interest rates is not expected to materially affect the fair value of the company's investment portfolio [162]. - The fair market value of the Senior Notes is affected by interest rate changes but does not impact the company's financial position or cash flows [162]. - The company issued $575.0 million in Senior Notes in July 2021, which are subject to market and interest rate risk [162].

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. ...

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 ...

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 ...