Elastic N.V. (NYSE:ESTC) Q3 2024 Earnings Conference Call February 29, 2024 5:00 PM ET Company Participants Anthony Luscri – Vice President, Investor Relations Ash Kulkarni – Chief Executive Officer Janesh Moorjani – Chief Financial Officer and Chief Operating Officer Conference Call Participants Pinjalim Bora – JPMorgan Tyler Radke – Citi Matt Hedberg – RBC Capital…
Top view of laptop with text Elasticsearch, which is Elastic’s flagship data product. Maria Vonotna/iStock via Getty Images Elastic N.V. (NYSE:ESTC), often underestimated within the AI sector, boasts a stellar product. Nevertheless, following a 50% surge in price since the last earnings report, coupled with less optimistic signals from other software peers and heightened competition,…
DKosig Elastic’s (NYSE:ESTC) stock is up significantly from its early 2023 lows, largely on the back of growing expectations in regard to the impact of generative AI on its search business. I previously suggested that improving sentiment towards Elastic’s stock may not be warranted based on the company’s fundamentals. The stock is up nearly 40%…
Khanchit Khirisutchalual The last several years have been difficult for an emerging cloud company like Elastic (NYSE:ESTC). Like most rapidly growing, unprofitable companies, high inflation, war, supply chain disruptions, and other problems that ravaged a post-pandemic economy hurt the company’s fundamentals. Things only got worse when cloud customers of all sizes decided to optimize cloud…
metamorworks/iStock via Getty Images We first wrote about Elastic (NYSE:ESTC) a little over a year ago, rating it a ‘Buy’ based on its strong competitive moat derived from its network effects resulting from its open source model and from high customer switching costs. Not everything was perfect, though, as growth had slowed and there were…
Elastic N.V. (NYSE:ESTC) Q2 2024 Earnings Conference Call November 30, 2023 5:00 PM ET Company Participants Anthony Luscri – VP, IR Ashutosh Kulkarni – CEO Janesh Moorjani – CFO and COO Conference Call Participants Brent Thill – Jefferies Raimo Lenschow – Barclays Harshil Thakkar – Oppenheimer Pinjalim Bora – JPMorgan Brad Reback – Stifel Matthew…
Tippapatt The recent purchase by Cisco Systems (CSCO) of my 2023 technology pick, Splunk (SPLK), could open up the door to further M&A analysts said. That adds further support to the case of Elastic N.V. (NYSE:ESTC). Cisco’s Splunk buy is expected to create a wave of M&A In December 2022, I chose Splunk as my…
Sakibul Hasan Investment Thesis Elastic (NYSE:ESTC) is a stock that hasn’t recovered since its Covid heydays even as many of its peers have now started to recover. In fact, in the past year, Elastic has underperformed its peers, as you can see below. Data by YCharts Elastic had been left for dead. However, it appears…