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Elastic N.V. (ESTC) Faces Downgrade but Shows Positive Financial Results
ElasticElastic(US:ESTC) Financial Modeling Prep·2025-11-22 02:03

Elastic N.V. (NYSE:ESTC) was downgraded to Neutral by Monness due to a perceived lack of excitement in Q2 performance.The company reported adjusted earnings of 64 cents per share, surpassing analyst estimates, and a quarterly revenue of 423million,indicatinga16423 million, indicating a 16% year-over-year increase.Despite the downgrade, Elastic's subscription revenue grew to 398 million, a 17% increase year-over-year, showcasing the company's financial resilience and growth potential.Elastic N.V. (NYSE: ESTC), known as the Search ...