Elastic's quarterly results actually beat Wall Street's expectations. So why is the stock cratering? Elastic (ESTC -28.19%) stock is plummeting Friday. The company's share price was down 28.7% as of 3:05 p.m. ET, according to data from S&P Global Market Intelligence. After the market closed yesterday, Elastic published results for the first quarter of its current fiscal year (which ended July 31). The enterprise search software company actually posted quarterly results that came in significantly ahead of Wa ...

SAN DIEGO, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Elastic N.V. (NYSE: ESTC) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Elastic securities? If you purchased securities and suffered losses on your ...

Elastic N.V. ESTC reported upbeat first-quarter financial results and issued second-quarter revenue guidance below estimates. Elastic reported quarterly earnings of 35 cents per share, which beat the analyst consensus estimate of 25 cents by 40%. Quarterly sales clocked in at $347.42 million, which beat the consensus estimate by 0.79% and is a 18.27% increase from the same period last year. "We delivered solid first-quarter results, outperforming the high end of our guidance for both revenue and profitabili ...

preparing to flick rubber band,hands close-up RunPhoto/DigitalVision via Getty Images Investment Thesis Elastic (NYSE:ESTC) delivered a middle-of-the-road earnings update and the stock got hit hard at negative 25%. What led to the sell-off wasn't so much the fact that Elastic pulled in its revenue guidance by a hair, as much as it was the realization that investors are being asked to pay a large premium on a stock that is delivering mid-teen growth rates. All in all, I strongly believe that there are much b ...

Elastic N.V. (NYSE:ESTC) Q1 2025 Earnings Conference Call August 29, 2024 5:00 PM ET Company Participants Anthony Luscri - Vice President of Investor Relations Ashutosh Kulkarni - Chief Executive Officer Janesh Moorjani - Chief Financial Officer and Chief Operating Officer Conference Call Participants Matthew Hedberg - RBC Capital Markets Brent Thill - Jefferies Pinjalim Bora - JPMorgan Michael Cikos - Needham & Company Tyler Radke - Citi Raimo Lenschow - Barclays Koji Ikeda - Bank of America Joe Vandrick - ...

For the quarter ended July 2024, Elastic (ESTC) reported revenue of $347.42 million, up 18.3% over the same period last year. EPS came in at $0.35, compared to $0.25 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $344.4 million, representing a surprise of +0.88%. The company delivered an EPS surprise of +40.00%, with the consensus EPS estimate being $0.25. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Elastic (ESTC) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this software developer would post earnings of $0.19 per share when it actually produced earnings of $0.21, delivering a surprise of 10.53%. Over the last four quarters, the company ...

Exhibit 99.1 Elastic Reports First Quarter Fiscal 2025 Financial Results Q1 Revenue of $347 million, up 18% year-over-year (18% in constant currency) Q1 Elastic Cloud Revenue of $157 million, up 30% year-over-year (30% in constant currency) SAN FRANCISCO, Calif., Aug 29, 2024 -- Elastic (NYSE: ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its first quarter of fiscal 2025 ended July 31, 2024. First Quarter Fiscal 2025 Financial Highlights • Total revenue was $347 milli ...

Elastic N.V. (ESTC) is scheduled to release its first-quarter fiscal 2025 results on Aug. 29, after market close. ESTC outpaced the Zacks Consensus Estimate in the trailing four quarters, delivering an earnings surprise of 52%, on average. Q1 Expectations for Elastic The Zacks Consensus Estimate for ESTC's revenues is pegged at $1.5 billion, suggesting a 16.4% increase from the year-ago quarter's actual.Elastic's strategy to focus on customer-centric growth is expected to have aided the top line. Cost consc ...

If one pundit's take is accurate, the company should post meaningful growth numbers when it reports its fiscal first-quarter results later in the week. On Monday, Elastic (ESTC 1.71%) stock got a boost in advance of its looming quarterly earnings report. An analyst reiterated his bullish take on the artificial intelligence (AI)-powered business software specialist, and the market reacted in kind. Investors pushed the stock's price up by 1.7%, a figure that contrasted favorably with the 0.3% decline of the b ...