tl;dr
Elastic (NYSE:ESTC) is expected to report its second-quarter results on November 30, with a focus on its cloud offerings and recently announced partnership with Amazon Web Services (AMZN). Analyst Brian White anticipates strong results for the period, with expectations of Elastic Cloud accounting fo...
Elastic (NYSE:ESTC) is expected to report its second-quarter results on November 30, with a focus on its cloud offerings and recently announced partnership with Amazon Web Services (AMZN). Analyst Brian White anticipates strong results for the period, with expectations of Elastic Cloud accounting for $132.9M in revenue and total subscription revenue contributing to $285M of the expected $309M in sales. White also forecasts earnings of 29 cents per share, surpassing the estimated 25 cents per share. Additionally, the partnership with AWS is poised to drive generative artificial intelligence initiatives, beginning with security use cases and expanding into observability. Furthermore, White's outlook for the fiscal third-quarter and full-year revenue exceeds Wall Street estimates, signaling a positive trajectory for Elastic.
Elastic (NYSE:ESTC) is anticipated to release its second-quarter results, promising strong financial performance driven by Elastic Cloud and a new partnership with Amazon Web Services (AMZN). Analyst Brian White expects the company to outperform with higher earnings of 29 cents per share, propelled by Elastic Cloud's expected revenue of $132.9M and total subscription revenue of $285M. Furthermore, the recent agreement with AWS is projected to enhance generative artificial intelligence initiatives, starting with security applications and expanding into observability. Looking ahead, White's revenue projections for the fiscal third quarter and full year are optimistic, surpassing Wall Street estimates and reflecting a positive growth trajectory for Elastic.
More about Elastic NV
Key financial metrics for Elastic NV show a market capitalization of $7.67 billion and a revenue of $1.11 billion. The stock performance indicates a decrease of 2.23% with a price of $84.11. Market sentiment appears slightly bearish with a negative change in stock price and a negative earnings per share of -0.193. However, the company's price-to-earnings ratio of 11.52 and a positive sentiment score of 0.175 suggest potential for growth.
More about Amazon.com Inc
Amazon.com Inc is a leading American multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. As one of the Big Five companies in the U.S. information technology industry, it has been recognized as one of the most influential economic and cultural forces globally, and as the world's most valuable brand. With a market capitalization of 1.52 trillion, the stock is currently trading at $3,376.20, up 1.91% from the previous close. The Relative Strength Index (RSI) of 53.95 suggests a neutral sentiment. The stock is trading above its 50-day and 200-day moving averages of $3,242.02 and $3,051.33, respectively, indicating a bullish trend. However, the Bollinger Bands are showing a slight contraction, signaling potential volatility ahead. It's important to note that past performance is not indicative of future results, and investors should consider potential risks and uncertainties in their decision-making process.
More about Datadog Inc
Datadog Inc (DDOG) is a technology company that provides an analytics and monitoring platform for developers, IT operations teams, and business users in the cloud. The company's market cap is $37.53 billion, with a current stock price of $115.58. Despite a recent decrease of 0.11%, the stock has shown a 6.25% increase over the past year. Market sentiment appears to be slightly bearish with a Relative Strength Index (RSI) of 0.254, indicating a potential weakening of the stock. However, given the company's focus on cloud technology and analytics, there may be potential for long-term growth despite short-term fluctuations in stock performance.
Disclaimer:
This is not financial advice. Please do your own research before investing in any asset.