Key Points Elastic beat Q2 earnings expectations with $0.64 per share versus the expected $0.58, yet the stock fell 16.2%. The recent 43-day government shutdown delayed several expected contracts. At 4.8 times trailing sales, Elastic trades at a low valuation for an AI specialist with 16% revenue growth. 10 stocks we like better than Elastic › Elastic (NYSE: ESTC) stock lost its bounce on Friday, following the company's second-quarter earnings report. The enterprise search and data security expert ...