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Why Elastic Stock Climbed 13.8% in February

TheMotleyFool

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Why Elastic Stock Climbed 13.8% in February

Shares of Elastic (NYSE: ESTC) rose 13.8% in February, according to data from S&P Global Market Intelligence.

Despite concerns about the impact of the novel coronavirus officially known as SARS-CoV-2 racking the market, the enterprise-search specialist's stock bounced late in the month thanks to better-than-expected quarterly results and guidance.