According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that:
- Elastic had implemented significant changes to its sales operations, particularly with respect to its customer segments in the Americas;
- the foregoing changes were likely to, and did, disrupt Elastic’s sales operations during the first quarter of its fiscal year (“FY”) 2025;
- accordingly, defendants had overstated the stability of Elastic’s sales operations;
- as a result of all the foregoing, Elastic was unlikely to meet its own previously issued revenue guidance for its FY 2025; and
- as a result, defendants’ public statements were materially false and misleading at all relevant times.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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