Elastic Expects Q2 Total Revenue Of $353M - $355M, Est $360.87M
Portfolio Pulse from Benzinga Newsdesk
Elastic has announced its expected Q2 total revenue to be between $353 million and $355 million, which is below the estimated $360.87 million.
August 29, 2024 | 8:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Elastic's projected Q2 revenue of $353M-$355M is below the market estimate of $360.87M, which may lead to a negative short-term impact on its stock price.
The revenue forecast is a key indicator of company performance. Missing the market estimate suggests potential challenges or slower growth, which can lead to a decrease in investor confidence and a short-term drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100