NYSE:ESTCSoftware
A Look At Elastic’s Valuation After FedRAMP High Authorization For Elastic Cloud Hosted
Elastic (ESTC) is back in focus after announcing that Elastic Cloud Hosted has achieved FedRAMP High authorization on AWS GovCloud (US), opening the door for use in high impact federal workloads.
See our latest analysis for Elastic.
Despite the FedRAMP High milestone underscoring Elastic’s role in sensitive government workloads and AI use cases, the share price has come under pressure, with a 90 day share price return of a 42.76% decline and a 1 year total shareholder return of a 42.88% loss...