These Analysts Increase Their Forecasts On Elastic Following Strong Q1 Results

Elastic NV (NASDAQ: ESTC) on Thursday reported better-than-expected first-quarter financial results and raised its FY27 guidance. Elastic posted quarterly adjusted earnings of 70 cents per share, beating market estimates of 58 cents per share. The company’s sales came in at $478.113 million versus expectations of $469.745 million. Elastic raised its FY2027 adjusted EPS guidance from $3.21-$3.29 to $3.29-$3.37 and also increased sales guidance from $1.985 billion-$2.000 billion to $1.998 billion-$2.010 billion. “Elastic delivered a strong start to fiscal 2027, beating our guidance across all key metrics,” said Ash Kulkarni, chief executive officer, Elastic. “AI is reshaping the enterprise technology stack, and organizations are making deliberate choices about where to build and how to observe...