3 Top Tech Stocks To Buy At A Discount

While the stock has pulled back from its highs around the news that it will change the way it licenses its products, Shay Bannon, the CEO, felt that it was a much–needed move to prevent companies like Amazon from ripping off its product.

Elastic has almost 13,000 subscription customers, including huge companies like Walmart Inc., Adobe, T-Mobile, and Audi. I'm not concerned about the pullback as Elastic continues to innovate and introduce new products built on its platform for many different use cases such as security and observability.

It is still sitting about its 50-day moving average, and the volume has not been heavy on down days, leading me to believe that it should rebound nicely.

1 2 3
View single page >> |

Disclaimer: Any performance results described herein are not based on actual trading of securities but are instead based on a hypothetical trading account which entered and exited the suggested ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.