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Recently, Zacks.com users have been paying close attention to Elastic (ESTC). This makes it worthwhile to examine what the stock has in store.
Artificial intelligence (AI) stocks have delivered strong gains over the past year. Investors have rushed into popular AI names like Nvidia, Microsoft, and C3.ai.
Elastic's (ESTC) 3Q adjusted EPS came in at $0.36 versus an estimated $0.31 and revenue came in at $328.00M versus an estimated $320.48M. CEO Ash Kulkarni joins Nicole Petallides to give an overview of the company and discuss its 3Q earnings.
Elastic N.V. (ESTC) Q3 2024 Earnings Call Transcript
Although the revenue and EPS for Elastic (ESTC) give a sense of how its business performed in the quarter ended January 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Elastic (ESTC) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.17 per share a year ago.
Tracking 13F filings is crucial for market participants seeking to understand trends, identify potential investment opportunities, and monitor the transactions of Wall Street's most influential investors. Stock Strategist Andrew Rocco breaks down the 3 most important filings this 13F season.
Elastic CEO Ashutosh Kulkarni discusses how his company is using AI for the cloud and cybersecurity markets.
Elastic's significant strides in profitability improvement, with an estimated 65% year-over-year increase to approximately $230 million in fiscal 2025, form a compelling basis for a bullish outlook. Despite facing challenges like slowing revenue growth rates, ESTC's innovative adeptness in optimizing deployments for existing customers positions it well. While the stock's multiple has compressed over time, the low expectations embedded in the share price create an opportunity for upward movement.
The Elasticsearch platform gained 200 new customers in Q2 of fiscal year 2024. The company's long-term potential is bolstered by its behind-the-scenes role in the generative AI market.