🟢 ESTC surges 4.6% today amid AI-focused restructuring and Russell Midcap Value inclusion

ESTC is trading 4.6% up at $59.63 today, outperforming the mixed broader U.S. indices.

• The company was recently added to the Russell Midcap Value Benchmark, effective June 29, 2026.
• Elastic also announced an AI-focused restructuring, including a ~7% workforce reduction and leadership changes, aimed at simplifying decision-making and refocusing on AI.