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Why Elastic N.V. Stock Fell 12.5% in October

TheMotleyFool

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Why Elastic N.V. Stock Fell 12.5% in October

Shares of Elastic (NYSE: ESTC) slumped 12.5% in October, according to data from S&P Global Market Intelligence. The enterprise search and analytics company's stock lost ground after Workday warned of slowing growth for its core product suite and analysts at Morgan Stanley published a report that lowered pricing targets on multiple cloud-services companies.