Elastic: A Stretchable Rally? Reiterating Buy For The Brave Hearted
We called a buying opportunity on Elastic in late October, since which the stock reported its 2QFY25 results and soared 44%. Elastic carved itself a unique spot within AI to help companies filter through which data to train AI on and just launched its Elastic AI ecosystem to feed that appetite. Management's effective handling of go-to-market headwinds confirms our optimism about management's execution going forward.
Here's Why Elastic Stock Popped Again Today
Enterprise software company Elastic (ESTC 3.55%) 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.
Watch These Elastic Stock Price Levels After Post-Earnings Surge
Elastic (ESTC) handily surpassed Wall Street's earnings expectations and lifted its outlook, sending shares in the enterprise data software company sharply higher on Friday.
Elastic: A Rebound Is Starting
Q3 marked a rebound for many tech stocks, with Elastic surging ~25% post-Q2 results and raising its annual guidance, erasing YTD losses. Elastic's success is driven by improving sales execution, profitability, and cash flow, along with increased demand for its generative AI-powered products. The company is focusing on upmarket customers and generating significant margin expansion, supported by a +110% net revenue retention rate.
What's going on with Elastic stock?
Elastic (ESTC) stock soared by 29% on Friday, reaching $121 in premarket trading after the company's latest earnings report exceeded Wall Street expectations. The data analytics firm, headquartered in the US and the Netherlands, showcased robust demand for its products, particularly from large enterprises, bolstering investor confidence.
Elastic Stock Soars 29%. Here's Why.
The data analytics company soothed investors with a better-than-expected earnings report.
Elastic Q2 Earnings: A Bullish Case For Growth And Profitability
Elastic's recent earnings report exceeded expectations, leading to a 25% share price jump, highlighting its growth and profitability in a bullish market. With 18% y/y revenue growth and strong cloud revenue, Elastic's near-term prospects are promising, supported by increased AI adoption and customer commitments. Valued at 46x forward free cash flow, Elastic's strong balance sheet and expanding operating margins make it a compelling investment in the tech sector.
Elastic N.V. (ESTC) Q2 2025 Earnings Call Transcript
Elastic N.V. (NYSE:ESTC ) Q2 2025 Earnings Conference Call November 21, 2024 5:00 PM ET Company Participants Anthony Luscri - VP of IR Ashutosh Kulkarni - CEO Janesh Moorjani - CFO and COO Eric Prengel - Interim CFO Conference Call Participants Matthew Hedberg - RBC Capital Markets Pinjalim Bora - JPMorgan Tyler Radke - Citi Koji Ikeda - Bank of America Brent Thill - Jefferies Raimo Lenschow - Barclays Ittai Kidron - Oppenheimer Howard Ma - Guggenheim Securities Austin Dietz - UBS Kash Rangan - Goldman Sachs Operator Good day and welcome to the Elastic Second Quarter Fiscal 2025 Earnings Results Conference Call.
Elastic (ESTC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for Elastic (ESTC) give insight into how the company performed in the quarter ended October 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Elastic (ESTC) Tops Q2 Earnings and Revenue Estimates
Elastic (ESTC) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.37 per share a year ago.
Elastic Stock Rockets Higher As Data Software Player Posts Big Earnings Beat
Elastic stock surged late Thursday, after the data software company posted a big earnings beat. The post Elastic Stock Rockets Higher As Data Software Player Posts Big Earnings Beat appeared first on Investor's Business Daily.
