Core Viewpoint - A class action securities lawsuit has been filed against Elastic N.V. for alleged securities fraud affecting investors between May 31, 2024, and August 29, 2024 [1] Group 1: Lawsuit Details - The complaint alleges that Elastic made false statements regarding significant changes to its sales operations, particularly affecting customer segments in the Americas [2] - It is claimed that these changes disrupted Elastic's sales operations during the first quarter of FY 2025, leading to an overstatement of the stability of its sales operations [2] - As a result of these issues, Elastic is unlikely to meet its previously issued revenue guidance for FY 2025, rendering the defendants' public statements materially false and misleading [2] Group 2: Next Steps for Investors - Investors who suffered losses in Elastic during the relevant timeframe have until April 14, 2025, to request the Court to appoint them as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

Core Viewpoint - A class action securities lawsuit has been filed against Elastic N.V. for alleged securities fraud affecting investors between May 31, 2024, and August 29, 2024 [1] Group 1: Allegations and Impact - The lawsuit claims that Elastic made false statements regarding significant changes to its sales operations, particularly affecting customer segments in the Americas [2] - These changes reportedly disrupted Elastic's sales operations during the first quarter of FY 2025, leading to an overstatement of the stability of its sales operations [2] - As a result, Elastic is unlikely to meet its previously issued revenue guidance for FY 2025, making the defendants' public statements materially false and misleading [2] Group 2: Legal Process and Participation - Investors who suffered losses during the relevant timeframe have until April 14, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees, with no obligation to participate [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing hundreds of millions of dollars for shareholders and has extensive expertise in complex securities litigation [4] - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the top securities litigation firms in the United States [4]

Core Viewpoint - Elastic NV has demonstrated strong performance in the tech sector, particularly in AI-driven search solutions, despite a recent stock pullback, which may present a buying opportunity for investors [1][2][10]. Financial Performance - Elastic reported a non-GAAP EPS of $0.63, exceeding analyst expectations of $0.47, with revenue increasing by 16.5% year-over-year, marking an all-time high for the company [3][4]. - The company's market capitalization is approximately $11 billion, and its stock price is currently $109.80, with a 52-week range between $69.00 and $123.96 [1]. Market Sentiment and Analyst Ratings - Following the earnings report, analysts have maintained a bullish outlook, with a 12-month price target averaging $131.52, indicating a potential upside of 19.78% [6]. - Major financial institutions, including Truist Financial, UBS, Scotiabank, and Morgan Stanley, have reaffirmed their buy ratings, with UBS suggesting a price target of $148, representing nearly 40% upside from the recent close [6][7]. Growth Drivers - The demand for generative AI applications is a significant growth driver for Elastic, as more enterprises seek AI-powered search solutions, positioning the company as a leader in this market [4]. - The company's strong execution and innovation in AI-driven products have contributed to its recent success, with CEO Ash Kulkarni highlighting ongoing momentum across all business aspects [4]. Stock Volatility and Future Outlook - The recent 8% dip in stock price is attributed to profit-taking after a 50% rally over five months, rather than fundamental weaknesses [2][8]. - Despite the pullback, the fundamentals remain strong, and with an RSI of 48, there is potential for further growth if market conditions stabilize [9].

NEW YORK, March 6, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Elastic N.V. (NYSE: ESTC).Shareholders who purchased shares of ESTC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/elastic-n-v-loss-submission-form/?id=134052&from=4 CLASS PERIOD: May 31, 2024 to August 29, 20 ...

Group 1 - Elastic (NYSE: ESTC) reported a strong fiscal Q3 2025 earnings, resulting in a 15% stock price increase after hours [1] Group 2 - The marketplace highlights a portfolio of undervalued investment opportunities with rapid growth potential driven by top quality management [2] - The focus is on selecting the most attractive investments from numerous companies [2] Group 3 - The platform emphasizes easy investing by showcasing stocks that deliver strong gains [3] - Deep Value Returns' Marketplace is experiencing rapid growth and offers high-quality, actionable stock picks [3]

NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Elastic N.V. ("Elastic" or the "Company") (NYSE: ESTC) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Elastic investors who were adversely affected by alleged securities fraud between May 31, 2024 and August 29, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/elastic-n-v-lawsuit-submission-form?prid=1 ...

Elastic N.V. (NYSE:ESTC) Q3 2025 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Anthony Luscri - Vice President, Investor Relations Ashutosh Kulkarni - Chief Executive Officer Eric Prengel - Interim Chief Financial Officer and Group Vice President of Finance Conference Call Participants Pinjalim Bora - JPMorgan Raimo Lenschow - Barclays Sanjit Singh - Morgan Stanley Matt Hedberg - RBC Capital Markets Rob Owens - Piper Sandler Howard Ma - Guggenheim Securities Koji Ikeda - Bank of ...

Core Insights - Elastic reported revenue of $382.08 million for the quarter ended January 2025, marking a 16.5% increase year-over-year and a surprise of +3.74% over the Zacks Consensus Estimate of $368.32 million [1] - The company's EPS for the quarter was $0.63, significantly up from $0.36 in the same quarter last year, resulting in an EPS surprise of +34.04% compared to the consensus estimate of $0.47 [1] Revenue Breakdown - Revenue from Services was $23.89 million, exceeding the average estimate of $21.55 million by nine analysts, representing a year-over-year increase of +17.5% [4] - Subscription revenue reached $358.20 million, surpassing the average estimate of $346.74 million, with a year-over-year change of +16.4% [4] - Elastic Cloud subscription revenue was reported at $180 million, exceeding the seven-analyst average estimate of $174.25 million, reflecting a year-over-year increase of +25.5% [4] - Other subscription revenue amounted to $178.20 million, compared to the average estimate of $172.64 million, indicating an 8.5% year-over-year change [4] Stock Performance - Over the past month, Elastic's shares have returned -8.6%, while the Zacks S&P 500 composite has seen a -2.2% change [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance against the broader market in the near term [3]

Revenue Performance - Subscription revenue accounted for 93% of total revenue for the nine months ended January 31, 2025 and 2024 [121] - Elastic Cloud contributed 46% of total revenue for the nine months ended January 31, 2025, up from 43% in the same period of 2024 [129] - Total revenue for the three months ended January 31, 2025, was $382.1 million, a 17% increase from $328.0 million in the same period of 2024 [155] - Subscription revenue increased by $50.6 million, or 16%, for the three months ended January 31, 2025, driven by a 26% growth in Elastic Cloud, which represented 47% of total revenue [155] - Services revenue rose by $3.6 million, or 18%, for the three months ended January 31, 2025, attributed to increased adoption of service offerings [156] - Subscription revenue increased by $157.2 million, or 18%, for the nine months ended January 31, 2025, driven by a 27% growth in Elastic Cloud, which accounted for 46% of total revenue [167] - Total revenue for the nine months ended January 31, 2025, was $932.3 million, a decrease of $162.5 million, or 17%, compared to the prior year [167] Customer Metrics - The number of customers with annual contract value over $100,000 increased to over 1,460 as of January 31, 2025, compared to over 1,270 as of January 31, 2024 [123] - The company had approximately 21,350 customers as of January 31, 2025, an increase from approximately 20,800 customers as of January 31, 2024 [122] - The Net Expansion Rate was approximately 112% as of January 31, 2025 [135] Financial Performance - Gross profit for the three months ended January 31, 2025, was $284.9 million, compared to $243.3 million in the same period of 2024, resulting in a gross margin of 75% [151] - Gross profit for the nine months ended January 31, 2025, was $812.8 million, an increase of $122.7 million, or 18%, compared to the prior year [169] - The operating loss for the three months ended January 31, 2025, was $4.6 million, an improvement from a loss of $26.4 million in the same period of 2024 [151] - Net loss for the three months ended January 31, 2025, was $17.1 million, compared to a net income of $176.1 million in the same period of 2024 [151] Expenses - Research and development expenses for the three months ended January 31, 2025, were $93.6 million, an increase from $87.2 million in the same period of 2024 [151] - Sales and marketing expenses increased to $153.7 million for the three months ended January 31, 2025, compared to $141.6 million in the same period of 2024 [151] - General and administrative expenses rose to $42.2 million for the three months ended January 31, 2025, from $40.9 million in the same period of 2024 [151] - Research and development expenses rose by $23.1 million, or 9%, for the nine months ended January 31, 2025, mainly due to a $19.4 million increase in personnel and related costs [171] - Sales and marketing expenses increased by $47.4 million, or 12%, for the nine months ended January 31, 2025, primarily driven by a $46.4 million rise in personnel and related costs [173] - General and administrative expenses increased by $11.5 million, or 10%, for the nine months ended January 31, 2025, largely due to an $8.9 million rise in personnel and related costs [174] Tax and Other Income - The effective tax rate was significantly impacted by recurring items and one-time tax benefits, with a provision for income taxes of $21.1 million for the three months ended January 31, 2025 [149] - The provision for income taxes was $21.1 million for the three months ended January 31, 2025, compared to a benefit from income taxes of $200.3 million for the same period of the prior year [164] - Other income, net increased by $6.6 million, or 77%, for the three months ended January 31, 2025, primarily due to $4.3 million in net foreign currency exchange activity [163] - Other income, net increased by $11.4 million, or 47%, to $35.5 million for the nine months ended January 31, 2025, primarily due to $6.9 million in interest and investment income and $4.4 million in foreign currency exchange activity [177] Cash Flow and Financial Position - Net cash provided by operating activities was $179.2 million for the nine months ended January 31, 2025, compared to $87.8 million in the prior year [185] - Net cash used in investing activities was $148.0 million for the nine months ended January 31, 2025, primarily due to purchases of marketable securities totaling $388.8 million [187] - As of January 31, 2025, cash, cash equivalents, and marketable securities totaled $1.284 billion, consisting of highly liquid investment-grade fixed-income securities [181] - The accumulated deficit was $1.083 billion as of January 31, 2025, indicating significant operating losses [182] - The company expects existing cash and future operations to fund operating and capital needs for at least the next 12 months [183] Strategic Initiatives - The company plans to continue investing in developing new features for the Elastic Stack to drive growth [131] - The addition of the Affero General Public License (AGPL) is expected to enhance engagement and adoption of the company's software [133] - The company anticipates that the increase in Elastic Cloud's contribution to revenue will have a modest adverse impact on gross margin due to third-party hosting costs [129] - The company continues to monitor macroeconomic conditions that may affect customer spending behavior and sales cycles [126] - The company increased its non-cancelable cloud hosting capacity commitments to $875.6 million over the next five years, effective February 2025 [190] Foreign Currency Impact - Foreign currency transaction losses were $1.5 million for the nine months ended January 31, 2025, compared to $2.8 million in the prior year [196]

Corporate Overview and Q3FY25 Financial Results February 27, 2025 Forward Looking Statements; Use of Non-GAAP Measures This presentation and the accompanying oral presentation contain forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter and the fiscal year ending April 30, 2025, our strategic areas of focus, expectations and plans regarding our future growth, our go-to-ma ...