Why Elastic Stock Soared 10% Higher Today

Shares of Elastic (NYSE: ESTC) were rallying over 10% higher today as of market close. This comes after a recent double-digit percentage plunge -- first on worries of the omicron variant, then a sell-off following what was actually a rock solid quarterly earnings update last week.  

Image source: Getty Images.

The cause of today's reversal? A Wall Street analyst thinks the punishment dealt to Elastic is unwarranted.

Continue reading

Source Fool.com