|Bid||51.34 x 1400|
|Ask||51.36 x 800|
|Day's range||50.95 - 52.82|
|52-week range||50.33 - 130.68|
|Beta (5Y monthly)||1.01|
|PE ratio (TTM)||N/A|
|Earnings date||01 Mar 2023 - 06 Mar 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||78.61|
Shares of Elastic N.V. (NYSE: ESTC), an enterprise software company, were falling lower today after the company reported its second-quarter results. While Elastic beat Wall Street's top- and bottom-line expectations, the company also cut its full-year sales guidance. Elastic reported non-GAAP (adjusted) earnings that were flat in the second quarter, which was an improvement from a loss of $0.09 in the year-ago quarter and ahead of analysts' consensus estimate of a loss of $0.10 per share.
Good afternoon, and thank you for joining us on today's conference call to discuss Elastic's second quarter fiscal 2023 financial results. On the call, we have Ash Kulkarni, chief executive officer; and Janesh Moorjani, chief financial officer and chief operating officer. Slides which accompany this webcast can be viewed in conjunction with live remarks and can also be downloaded at the conclusion of the webcast on the Elastic investor relations website, ir.elastic.co. Our discussion will include forward-looking statements, which may include predictions, estimates, our expectations regarding the demand for our products and solutions, and our future avenue and other information.
Elastic (ESTC) delivered earnings and revenue surprises of 100% and 1.21%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?