A downtrend has been apparent in Elastic (ESTC) lately with too much selling pressure. The stock has declined 25.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround. Guide to Identifying Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spot ...

It has been almost 2 years since I last wrote about Elastic in an article published on SA. Over that span, the shares rallied substantially, rising by more Bert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Jo ...

NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that the firm is investigating potential claims against Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC). The firm's ongoing investigation concerns whether Elastic and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On August 29, 2024, Elastic announced its financial results for it ...

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Elastic N.V. ("Elastic" or "the Company") (NYSE: ESTC). Investors who purchased Elastic securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/ESTC. Investigation Details On August 29, 2024, Elastic announced its first-quarter financial results. Elastic also revised its ann ...

LOS ANGELES, Sept. 9, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Elastic N.V. ("Elastic" or "the Company") (NYSE: ESTC) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Elastic announced its first quarter financial results on August 29, 2024. The Company ...

Elastic (ESTC) has been beaten down lately with too much selling pressure. While the stock has lost 27.5% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that mea ...

RADNOR, Pa., Sept. 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Elastic N.V. (NYSE: ESTC) ("Elastic"). On August 29, 2024, after the market closed, Elastic announced its financial results for first quarter of fiscal 2025 ended July 31, 2024 and slashed its revenue guidance for the full year, a move that prompted a flurry of downgrades from market analysts ...

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) on behalf of Elastic stockholders. Our investigation concerns whether Elastic has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On August 30, 2024, Elastic announced that it was reducing its revenue fore ...

MF3d/E+ via Getty Images Elastic N.V. (NYSE:ESTC) reported disappointing results in the first quarter of FY2025 and significantly lowered full-year guidance, attributing weakness to sales segmentation changes. It is hard not to feel that the company's problems extend beyond just this, though, with MongoDB, Inc.'s (MDB) expansion into search and CrowdStrike Holdings, Inc.'s (CRWD) success in SOC particularly points of concern. In some ways, I feel that Elastic is unfairly maligned. It continues to grow at a ...

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