Elastic Raises Low End Of FY24 Total Revenue Outlook Range; Revises Outlook From $1.238B-$1.250B To $1.242B-$1.250B, Est. $1.24B
Portfolio Pulse from Benzinga Newsdesk
Elastic has revised its FY24 total revenue outlook range, raising the lower end from $1.238 billion to $1.242 billion. The upper end of the range remains at $1.250 billion. The estimated revenue is $1.24 billion.
August 31, 2023 | 8:42 pm
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POSITIVE IMPACT
Elastic's revision of its FY24 revenue outlook could be seen as a positive sign by investors, potentially leading to a short-term increase in the company's stock price.
Elastic's decision to raise the lower end of its FY24 revenue outlook suggests that the company is confident in its ability to generate higher revenues. This could be interpreted positively by investors, potentially leading to an increase in demand for the company's stock and a short-term increase in its stock price.
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IMPORTANCE 75
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