Elastic Stock Rockets Higher As Data Software Player Posts Big Earnings Beat

By Investor's Business Daily | Nov 21, 2024 at 04:18 PM EST

Elastic (ESTC) stock surged after reporting strong Q2 earnings, beating estimates with adjusted EPS of 59 cents and sales of $365 million. The company's leading search software and data tools are gaining traction, despite a turbulent year with a 16% decline.

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