Elastic NV
ESTC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| RJ | LOCK|b#> | LOCK|>z^y^Q< |
Elastic Earnings: Software Isn't Dead; AI-Search and Security Are Strengthening; Shares Undervalued
Elastic shares are up nearly 20% in after-hours trading following the company's first-quarter earnings, where it beat management expectations on revenue, non-GAAP operating margin, and non-GAAP earnings per share. Elastic is more efficiently converting sales and marketing expenditure into revenue.
