Elastic N.V. Reports Strong Second Quarter Fiscal 2019 Financial Results

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Elastic NV. (ESTC) PT Raised to $77 at RBC Capital

December 6, 2018 7:17 AM EST

RBC Capital analyst Matthew Hedberg raised the price target on Elastic NV. (NYSE: ESTC) to $77.00 (from $71.00) while maintaining an Outperform rating.

Hedberg said they remain positive on the opportunity in search and raise our target to $77 on higher estimates and momentum in core fundamentals.

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Elastic N.V. (ESTC) Reports Q2 Loss of $0.38 on Revenues of $63.58M; Offers FY19 Revenue Guidance Above Consensus

December 4, 2018 4:18 PM EST

Elastic N.V. (NYSE: ESTC) reported Q2 EPS of ($0.38). Revenue for the quarter came in at $63.6 million.

Total revenue was $63.6 million, growing 72% year-over-year.Calculated billings was $88.5 million, growing 73% year-over-year.Deferred revenue was $127.3 million, growing 78% year-over-year.GAAP operating loss was $27.1... More