How Elastic Stock Gained 40% Last Month
Elastic(ESTC) The Motley Fool·2024-01-09 03:04
Shares of Elastic (ESTC 4.12%) rose 40.2% in December 2023, according to data from S&P Global Market Intelligence. The Dutch-American expert in enterprise data search and related functions posted a terrific earnings report at the end of November. Elastic's stock closed 37.1% higher the next day -- and hasn't looked back from its newfound plateau.The fuel for Elastic's December firesThe company's Elasticsearch data search and analytics platform gained 200 new customers in the second quarter of fiscal year 20 ...