Elastic NV. (ESTC) PT Raised to $195 at Jefferies; Stock Has 'Easiest Setup'
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Elastic (ESTC) Stock Falls Sharply Despite Better-Than-Expected Earnings. Here's What Analysts are Saying
December 2, 2021 8:50 AM ESTShares of Elastic N.V. (NYSE: ESTC) are down nearly 9% today despite the fact the company reported better-than-expected FQ2 results and guidance.
Elastic N.V. reported FQ2 EPS of ($0.09), $0.07 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $206 million versus the consensus estimate of $194.57 million.
Our strong second-quarter results were fueled by the rapid adoption of Elastic Cloud, the increased strategic relevance... More
