Elastic Earnings: Elastic Stretches Its Dollars as Improved ...

Sep 5, 2023 · With shares trading up sharply after the earnings report, we view Elastic as fairly valued. First-quarter sales clocked in at $294 million, up 17% year over year.

CouponFollow Extension

17%
OFF

Elastic Earnings: Elastic Stretches Its Dollars As Improved ...

1 day from now

Sep 5, 2023 · With shares trading up sharply after the earnings report, we view Elastic as fairly valued. First-quarter sales clocked in at $294 million, up 17% year over year.

morningstar.com

19%
OFF

Elastic Reports Third Quarter Fiscal 2024 Financial Results

1 day from now

Feb 29, 2024 · Q3 Revenue of $328 million, up 19% year-over-year (18% in constant currency) Q3 Elastic Cloud Revenue of $143 million, up 29% year-over-year (29% in constant currency) …

elastic.co

20%
OFF

Elastic Reports Fourth Quarter And Fiscal 2024 Financial Results

1 day from now

May 30, 2024 · Q4 Revenue of $335 million, up 20% year-over-year (20% in constant currency) Q4 Elastic Cloud Revenue of $148 million, up 32% year-over-year (32% in constant currency) …

elastic.co

4%
OFF

Elastic Stock Surges As AI Data Demand Fuels 'Bounce Back' Quarter

1 day from now

5 days ago · The earnings reaction is adding on to a strong week for Elastic stock. Shares gained 6.4% in Thursday trading. Elastic was among data software stocks to rally following strong …

investors.com

20%
OFF

Elastic Stock Gains On 'Better-Than-Peers' Quarter Elastic Stock …

1 day from now

May 30, 2024 · For the same period a year earlier, Elastic posted adjusted earnings of 22 cents per share on sales of $280 million. Additionally, revenue advanced 20% year over year.

investors.com

5%
OFF

Elastic Earnings: Growth Hurdles And Valuation Concerns

1 day from now

Sep 1, 2023 · This means that we are just one quarter into its fiscal year and its non-GAAP EPS has improved nearly 5% relative to investors' expectations as they headed into this earnings …

seekingalpha.com

20%
OFF

Elastic: Impressive Acceleration, But Strength Is Already Priced In

1 day from now

Jul 6, 2024 · Elastic Q4 results (Elastic Q4 earnings deck) Revenue grew 20% y/y to $335.0 million, ahead of Wall Street's expectations of $329.8 million (+18% y/y) by a two point margin …

seekingalpha.com

40%
OFF

Elastic Earnings: Despite Macro Headwinds, Company Confident In …

1 day from now

Jun 2, 2023 · Elastic cloud sales now constitute approximately 40% of total revenue, up from 37% a year ago. In the quarter, the firm saw a 21% increase in the number of customers with an …

morningstar.com

82%
OFF

What Investors Need To Know About Elastic's Q1 Earnings

1 day from now

Elastic (ESTC-0.82%) is a search company, but not in the traditional sense. Its software platform brings search functionality to a wide range of business use cases, allowing clients to ingest …

fool.com

5%
OFF

Elastic: This Is A Dip Worth Buying (Rating Upgrade) - Seeking Alpha

1 day from now

Oct 19, 2024 · Elastic outlook (Elastic Q1 earnings deck) At the same time, however, we like that the company also brought up its pro forma operating margin guidance to 12.5%, 50bps higher …

seekingalpha.com

20%
OFF

Understanding Elasticity - Economics Help

1 day from now

Feb 26, 2017 · Elastic demand. Demand is said to be price elastic – if a change in price causes a bigger % change in demand. In the above example, the price rises 20%. Demand falls 50%. …

economicshelp.org

FAQs about Elastic Earnings: Elastic Stretches Its Dollars as Improved ... Coupon?

Is elastic a good stock to buy in 2024?

In 2024, Elastic's performance has been more moderate as investors digested the late-2023 rally. Year to date, the stock is up less than 10%, though the company has achieved a robust uptick since reporting strong fiscal Q4 (April quarter) results in late May and issuing an above-consensus guide for FY25. ...

What drove elastic's 3rd quarter results?

“Elastic delivered another strong quarter and I'm pleased with our momentum and execution that drove our third quarter results,” said Ash Kulkarni, CEO, Elastic. “Customer interest in Generative AI, platform consolidation, and stability in cloud consumption patterns continued to drive momentum in our business in Q3. ...

Will elastic cloud deliver more revenue in Q4 2024?

“The strong momentum in Elastic Cloud puts us on the path to deliver over 50% of total revenue from Elastic Cloud exiting Q4 of fiscal year 2024, which is ahead of our prior outlook. ...

How much is elastic stock worth?

At current share prices near $82, Elastic trades at an $8.49 billion market cap. After we net off the $1.15 billion of cash and $569 million of debt on Elastic's latest balance sheet, the company's resulting enterprise value is $7.91 billion. ...

Did Q4 results tilt fundamental trends in elastic's favor?

We will acknowledge that Q4 results did tilt fundamental trends in Elastic's favor. Take a look at the Q4 earnings summary below: Revenue grew 20% y/y to $335.0 million, ahead of Wall Street's expectations of $329.8 million (+18% y/y) by a two point margin as well as accelerating one point over Q3's 19% y/y growth pace. ...

What is income elasticity?

Income elasticity measures how demand for a company’s product or service varies with changes in the income of consumers. A product with high-income elasticity experiences considerable swings in demand when consumer income changes, while low-income elasticity signifies that shifts in income have minimal impact on sales. ...