Law firm Frank R. Cruz announces investigation of Elastic NV (ESTC) on behalf of investors

On August 29, 2024, Elastic released its financial results for the first quarter of fiscal 2025 and revised its revenue guidance to $1.436 billion to $1.444 billion, compared to a previous range of $1.468 billion to $1.48 billion and consensus estimates of $1.48 billion. The company stated that the revision was due to “a slower start to the year as customer commitment volume was impacted by segmentation changes that [the Company] payments made at the beginning of the year that are taking longer to process than expected.”

On this news, Elastic’s share price fell $27.45, or 26.5%, to close at $76.19 per share on August 30, 2024, hurting investors.

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If you purchased Elastic securities, have information regarding or would like to learn more about these claims, or have any questions about this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067, at 310-914-5007, by email at [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

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The Elastic bearer and registered shares at the time of publication of the news with an increase of +0.84 % up to 64.98EUR on the Tradegate stock exchange (September 10, 2024, 5:29 p.m.).

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