LOS ANGELES, CA / ACCESSWIRE / October 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, publicizes that it's investigating claims on behalf of investors of Elastic N.V. ("Elastic" or "the Company") (NYSE:ESTC) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or did not disclose information pertinent to investors. Elastic announced its first quarter financial results on August 29, 2024. The Company also revised its annual revenue guidance, stating: "we had a slower begin to the yr with the amount of customer commitments impacted by segmentation changes that we made at first of the yr, that are taking longer than expected to settle." Based on this news, shares of Elastic fell by 26.49%.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
SOURCE: The Schall Law Firm