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Wajeeh Khan

Elastic Stock Is Surging Nearly 20% on an Earnings Victory. How to Play ESTC Shares Here.

Elastic ESTC

Elastic (ESTC) shares ripped higher on Friday after the search and data analytics firm delivered a stronger-than-expected fiscal Q1 and raised its full-year outlook.

ESTC recorded $0.70 per share of earnings (EPS) for its first financial quarter on $478.1 million in revenue, handily beatingthe $0.58 a share and $469.75 million that analysts had forecast.

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