Why Elastic Stock Flew Higher Today
Elastic(ESTC) The Motley Fool·2024-11-23 00:23
Shares of enterprise software company Elastic (ESTC 14.80%) flew higher on Friday after it reported financial results for its fiscal second quarter of 2025. As of 10:15 a.m. ET, Elastic stock was up a strong 16%.A great quarter for ElasticElastic's financial report is turning heads because the numbers were far better than expected. Q2 revenue was up 18% year over year to $365 million, which was ahead of management's guidance of $353 million to $355 million. Moreover, it was an acceleration from its 17% grow ...