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Why Elastic Stock Dropped 19% in December

TheMotleyFool

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Why Elastic Stock Dropped 19% in DecemberPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of Elastic (NYSE: ESTC) fell after the cloud-based enterprise search company reported second-quarter earnings early in December. The stock shed 19% of its value in the month, according to data from S&P Global Market Intelligence.