Elastic N.V. (ESTC) shares fell 12.80 percent to $80.25, down $11.78 on Friday, a possible reaction to the company's fourth-quarter earnings report, announced yesterday which showed strong revenue growth but lingering net losses. For the quarter, Elastic reported total revenue of $388.4 million, up from $335.0 million a year earlier. However, the company posted a net loss of $16.4 million, a significant improvement from a $41.1 million loss in the same quarter last year. Despite narrowing losses, the market appeared to focus on overall profitability concerns. Elastic is currently trading at $80.25, compared to a previous close of $92.03 on the New York Stock Exchange. The stock opened at $77.83 and has traded between $77.50 and $83.25 today. Volume has surged to over 5.5 million shares, well above its average of 1.8 million. The 52-week trading range is $69.00 to $123.96.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.