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Elastic (ESTC) in Focus: Stock Moves 9.2% Higher

Zacks Equity Research
·2-min read

Elastic N.V. ESTC was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 36.5% in the past one-month time frame.

The company has seen no estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Elastic currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Elastic N.V. Price

Elastic N.V. Price
Elastic N.V. Price

Elastic N.V. price | Elastic N.V. Quote

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A better-ranked stock in the Business Services sector isBoxlight Corporation BOXL, which currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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To read this article on Zacks.com click here.
 
Zacks Investment Research