Elastic N.V. Ordinary Shares (NYSE: ESTC)
42 Days left to seek lead plaintiff status.
The Elastic class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) Elastic had implemented significant changes to its sales operations, particularly with respect to its customer segments in the Americas; (ii) the foregoing changes were likely to, and did, disrupt Elastic's sales operations during the first quarter of its fiscal year 2025; (iii) accordingly, defendants had overstated the stability of Elastic's sales operations; and (iv) as a result, Elastic was unlikely to meet its own previously issued revenue guidance for its fiscal year 2025.