Elastic beat Q2 earnings expectations with $0.64 per share versus the expected $0.58, yet the stock fell 16.2%. The recent 43-day government shutdown delayed several expected contracts. At 4.8 times ...

Elastic (NYSE: ESTC) stock lost its bounce on Friday, following the company's second-quarter earnings report. The enterprise search and data security expert's shares were down 11% at 2:30 p.m. ET.

Elastic's Q2 sales rose 16% year over year, landing at $423 million. Adjusted earnings rose from $0.59 to $0.64 per share. The Street consensus had called for earnings near $0.58 per share on revenue ...