ESTC Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Urges Investors with Significant Losses in Elastic NV (ESTC) to Contact the Firm

Radnor, Pennsylvania–(Newsfile Corp. – September 7, 2024) – The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating possible violations of the federal securities laws on behalf of investors in Elastic NV (NYSE: ESTC) (“Elastic”).

On August 29, 2024, after the market closed, Elastic announced its financial results for the first quarter of fiscal 2025, which ended July 31, 2024, and cut its full-year revenue forecast, sparking a flood of downgrades from market analysts. Regarding the company’s reduced forecast, Elastic’s CEO stated that Elastic “had a slower start to the year as the volume of customer commitments was impacted by segmentation changes we made earlier in the year that are taking longer to resolve than expected,” and that Elastic “has taken steps to address this, but it will impact our revenue this year.”