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Elastic (ESTC) Stock Trades Up, Here Is Why [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
Cybersecurity and Infrastructure Security Agency (CISA) to develop a new security platform. The contract was valued at $26 million for the first year and could total up to $130 million if renewed for four additional years. Under the agreement, Elastic was set to create a unified Security Information and Event Management as-a-Service (SIEMaaS) platform. This new cloud-based system aimed to standardize security data collection across U.S. federal civilian agencies, allowing for real-time threat detection and faster incident response. The project was slated to be implemented through the technology solutions provider ECS. After the initial pop the shares cooled down to $77.61, up 4.1% from previous close. Is now the time to buy Elastic? Access our full analysis report here Elastic's shares are very volatile and have had 21 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundame
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