ELASTIC ALERT: Bragar Eagel & Squire, P.C. is Investigating Elastic N.V. on Behalf of Elastic Stockholders and Encourages Investors to Contact the Firm

Globe Newswire 12-Nov-2024 9:00 PM

NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Elastic N.V. ("Elastic" or the "Company") (NYSE:ESTC) on behalf of Elastic stockholders. Our investigation concerns whether Elastic has violated the federal securities laws and/or engaged in other unlawful business practices.

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On August 30, 2024, Elastic announced that it was reducing its revenue forecast for the year, a move that prompted a flurry of downgrades from market analysts. A major concern was the disruption within the sales organization, which appeared during a period of strategic realignment aimed at improving sales efficiency and effectiveness. Moreover, the company has been facing a decrease in demand across the regions of Europe, the Middle East, and Africa, further complicating its financial outlook.

Following this news, Elastic's stock was trading significantly lower in pre-market trading on August 30, 2024.

If you purchased or otherwise acquired Elastic shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com