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Stock impact report

FedRAMP High Opens New Federal Cloud Opportunities For Elastic Investors [Yahoo! Finance]

Datadog, Inc. - Class A (DDOG) 
Last datadog, inc. - class a earnings: 2/13 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Elastic Cloud Hosted secured FedRAMP High authorization for AWS GovCloud (US), covering some of the most security sensitive U.S. federal workloads. The approval allows U.S. federal agencies to use Elastic Cloud for zero trust, cyber defense, and AI powered projects that require strict compliance. This development builds on Elastic's prior federal work and extends its reach within government clients that rely on high security cloud services. For investors tracking Elastic (NYSE: ESTC), the FedRAMP High milestone arrives after a challenging share price stretch. The stock trades at $49.99, with a return of 31.1% decline year to date and a 45.3% decline over the past year, and longer term 3 year and 5 year returns also negative. In that context, gaining access to more security sensitive U.S. federal workloads gives the company a clearer foothold in a regulated and demanding customer segment. This authorization positions Elastic to compete for federal projects tied to zero trust a Show less Read more
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