ESTC

Summary Elastic shares are down more than 20% from the company’s post earning peak share price set on February 28th. That quarter was impressive with beats on revenues, earnings, and other significant metrics. This company is a stealth competitor in the observability market, one of the hottest spaces in the IT firmament the last year…

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June 21, 2019 Summary Elastic was one of the hotter IPO’s of the second half of2018. The shares, despite the company reporting strong operational performance and guiding higher, have pulled back about 25% from their high point. The pullback is most probably linked to both the expiration of the lock-up and the headline of dubious…

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