🟢 ESTC is trading 5.7% up today as investors bargain-hunt after post-earnings selloff

ESTC is trading 5.7% up at $56.63 as the stock stages a sharp rebound from Thursday’s earnings-driven decline.

• Shares are recovering from a previous 8.7% drop triggered by reports of slowing cloud and subscription growth.
• The upward move appears driven by bargain-hunting and market recalibration rather than fresh company-specific catalysts.
• The recovery occurs despite broader tech sentiment remaining soft, suggesting the move is a correction to the initial negative reaction.