Elastic (ESTC) stock was higher earlier today after the earnings beat and issuing guidance above estimates. The ESTC earnings report indicated -$0.12 in EPS and $223.94M in revenue. Recently, Oppenheimer lowered the Elastic price target to $150 from $185 and maintained an outperform rating. George Tsilis weighs in and discusses an example option call calendar spread on ESTC.
04 Mar 2022