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ESTC News5 articles
Elastic Stock Soars on $1.85B Backlog, Strong Guidance
Elastic's stock jumped 17.4% premarket as Q1 revenue rose 15% and RPO backlog surged 27%, signaling robust future revenue. Q2 guidance also topped expectations.
Marvell Stock Slips 7.8% Despite Upbeat Revenue Forecast
Marvell (MRVL) dropped 7.8% in overnight trading despite raising revenue targets, as investors focused on delayed Google revenue. Other tech movers included Elastic (ESTC) and Rubrik (RBRK).
Elastic Stock Soars 20% on Strong Q1 Earnings and Upbeat Guidance
Elastic (ESTC) shares surged nearly 20% after Q1 revenue beat expectations and guidance impressed, driven by AI-fueled demand for its search and observability tools.
Datadog Shares Slide 14% as Key AI Client Slashes Usage Outlook
Datadog shares dropped 14% after its biggest AI client flagged reduced activity, despite strong Q2 results. Growth is expected to slow to 25% by Q4.
Datadog Surges 9.8% After RBC Price Target Hike; Conference Appearance Awaited
Datadog shares jumped 9.8% on Friday after RBC Capital raised its price target to $250, capping an 11.3% weekly gain. The company reported strong Q1 results and achieved FedRAMP High certification.