Elastic N.V. Reports Strong Fourth Quarter and Fiscal 2020 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St ends mixed as oil takes a pause
- Oil slides after China asks Iran to limit Houthi attacks on Saudi oil facilities
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
Elastic NV. (ESTC) PT Raised to $95 at Oppenheimer After Strong 4QFY20 Results
June 4, 2020 11:40 AM EDTOppenheimer analyst Ittai Kidron raised the price target on Elastic NV. (NYSE: ESTC) to $95.00 (from $90.00) while maintaining an Outperform rating, citing strong 4QFY20 results, a rebound in activity, strong customer metrics, improving margins despite investments.
The analyst stated "Elastic reported a strong... More
Elastic NV. (ESTC) PT Raised to $100 at Monness, Crespi, Hardt Following 4Q Report
June 4, 2020 8:06 AM EDTMonness, Crespi, Hardt analyst Brian White raised the price target on Elastic NV. (NYSE: ESTC) to $100.00 (from $80.00) while maintaining a Buy rating following the company's 4Q earnings report. Elastic N.V. reported 4Q sales of $123.6 million that handily beat the Street's $117.0 million... More
Elastic N.V. (ESTC) Tops Q4 EPS by 19c, Revenues Beat; Offers 1Q & FY21 EPS Guidance Below Consensus, Offers FY21 Revenue Guidance Above Consensus
June 3, 2020 4:14 PM EDTElastic N.V. (NYSE: ESTC) reported Q4 EPS of ($0.12), $0.19 better than the analyst estimate of ($0.31). Revenue for the quarter came in at $123.6 million versus the consensus estimate of $116.95 million.
Fourth Quarter Fiscal 2020 Financial Highlights
Total revenue was $123.6 million, an increase of 53% year-over-year, or 57% on a constant currency basis.SaaS revenue was $29.0 million, an increase of 110% year-over-year, or 120% on a constant currency basis.Calculated billings was $175.1 million, an increase of 52% year-over-year, or 55% on a constant currency basis.Deferred revenue was $259.7 million, an increase of 52% year-over-year.GAAP operating loss was $34.6... More