Page 7 - Elastic News Today

Elastic (NYSE:ESTC – Get Free Report) updated its third quarter 2024 earnings guidance on Monday. The company provided earnings per share guidance of 0.300-0.320 for the period, compared to the consensus earnings per share estimate of 0.270. The company issued revenue guidance of $319.0 million-$321.0 million, compared to the consensus revenue estimate of $318.4 million. […]

Wedbush reissued their neutral rating on shares of Elastic (NYSE:ESTC – Free Report) in a research note released on Friday, Benzinga reports. The firm currently has a $67.00 price target on the stock. ESTC has been the topic of several other research reports. Jefferies Financial Group upgraded Elastic from a hold rating to a buy […]

Elastic (NYSE:ESTC – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $87.00 to $98.00 in a research note issued to investors on Friday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the stock. Several other equities analysts have also recently issued reports on the company. The […]

Elastic (NYSE:ESTC – Free Report) had its price objective increased by Piper Sandler from $84.00 to $105.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the stock. ESTC has been the topic of several other reports. Needham & Company LLC assumed coverage on Elastic in a research report […]

Elastic (NYSE:ESTC – Free Report) had its price objective hoisted by Oppenheimer from $95.00 to $110.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has an outperform rating on the stock. A number of other research firms also recently issued reports on ESTC. Wells Fargo & Company upgraded shares […]

Elastic (NYSE:ESTC – Free Report) had its price target lifted by Piper Sandler from $84.00 to $105.00 in a report published on Friday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock. Several other equities research analysts also recently commented on ESTC. Oppenheimer restated an outperform rating and set a $80.00 price […]

Elastic (NYSE:ESTC – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 3,990,000 shares, an increase of 6.7% from the October 31st total of 3,740,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest […]

Elastic (NYSE:ESTC – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13, MarketWatch Earnings reports. Elastic had a negative net margin of 19.33% and a negative return on equity of 38.73%. The firm had revenue of $311.00 million […]

Elastic showcased an impressive performance in its latest earnings, beating consensus estimates for revenue and EPS, and even surprised Wall Street with its forecast.

Shares were up more than 20% in early trading Friday.