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Why Elastic Is Soaring 14.7% Today

TheMotleyFool

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Why Elastic Is Soaring 14.7% TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

After fast-growing software company Elastic N.V. (NYSE: ESTC) reported top- and bottom-line financial results for its fiscal first quarter that surpassed expectations, its shares are surging 14.7% higher at noon EDT.

Elastic markets a suite of products that help companies capture, analyze, and visualize data. Elastic's ability to cull information that could otherwise be overlooked to produce better insights has led to its being labeled the Google of corporate search.

IMAGE SOURCE: GETTY IMAGES.

Source Fool.com

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