Widely recognized for its leading real-time non-structured data search capabilities, Elastic N.V. (ESTC) counts companies such as Uber (UBER), Lyft (LYFT), and Match Group (MTCH) as customers. Despite the ongoing pandemic, Elastic put up some pretty impressive numbers in Q3'21, with year-over-year revenue growth of 39% and a net expansion rate of 130%. Given that the business model is consumption-based, Elastic should thrive in the coming year as the economy opens back up. But Mr. Market doesn't necessarily agree, and the price of Elastic stock has fallen this year from an all-time high of $171 in January to $111.
https://www.tipranks.com/news/article/does-elastic-have-more-room-to-run-as-the-economy-reopens
Elastic NV (NYSE:ESTC)
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