NYSE:ESTC

Elastic Stock Forecast, Price & News

$166.99
+0.45 (+0.27 %)
(As of 09/23/2021 12:00 AM ET)
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Today's Range
$164.36
$168.57
50-Day Range
$138.84
$171.49
52-Week Range
$97.48
$176.49
Volume467,681 shs
Average Volume921,094 shs
Market Capitalization$15.33 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.08
30 days | 90 days | 365 days | Advanced Chart
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Elastic logo

About Elastic

Elastic NV engages in the provision of open source search and analytics engine services. It offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The firms Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on Februar

Headlines

Elastic (NYSE:ESTC) Updates Q2 2022 Earnings Guidance
Elastic (NYSE:ESTC) Updates Q2 2022 Earnings Guidance
September 22, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

2.43 out of 5 stars

Business Services Sector

52nd out of 392 stocks

Prepackaged Software Industry

36th out of 251 stocks

Analyst Opinion: 2.4Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 4.2Valuation: 0.6 5 -4 -3 -2 -1 -
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Elastic (NYSE:ESTC) Frequently Asked Questions

Is Elastic a buy right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last twelve months. There are currently 2 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Elastic stock.
View analyst ratings for Elastic
or view top-rated stocks.

What stocks does MarketBeat like better than Elastic?

Wall Street analysts have given Elastic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Elastic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Elastic's next earnings date?

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, December 1st 2021.
View our earnings forecast for Elastic
.

How were Elastic's earnings last quarter?

Elastic (NYSE:ESTC) released its quarterly earnings data on Tuesday, August, 24th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.14. The company had revenue of $193.10 million for the quarter, compared to analyst estimates of $173.21 million. Elastic had a negative net margin of 21.54% and a negative trailing twelve-month return on equity of 26.26%. The business's revenue was up 49.8% compared to the same quarter last year. During the same period last year, the firm posted $0.06 EPS.
View Elastic's earnings history
.

How has Elastic's stock price been impacted by Coronavirus (COVID-19)?

Elastic's stock was trading at $52.80 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ESTC shares have increased by 216.3% and is now trading at $166.99.
View which stocks have been most impacted by COVID-19
.

What guidance has Elastic issued on next quarter's earnings?

Elastic issued an update on its FY 2022 earnings guidance on Wednesday, September, 22nd. The company provided earnings per share (EPS) guidance of $-0.670-$-0.570 for the period, compared to the Thomson Reuters consensus estimate of $-0.500. The company issued revenue guidance of $808 million-$814 million, compared to the consensus revenue estimate of $789.10 million.

What price target have analysts set for ESTC?

17 Wall Street analysts have issued 12 month target prices for Elastic's stock. Their forecasts range from $120.00 to $230.00. On average, they expect Elastic's stock price to reach $179.94 in the next twelve months. This suggests a possible upside of 7.8% from the stock's current price.
View analysts' price targets for Elastic
or view top-rated stocks among Wall Street analysts.

Who are Elastic's key executives?

Elastic's management team includes the following people:
  • Shay Banon, Chairman & Chief Executive Officer
  • Janesh Jamnadas Moorjani, Chief Financial Officer
  • Kevin Kluge, Senior Vice President-Engineering
  • Kim Huffman, Vice President-Information Technology
  • Nathaniel C. Fick, General Manager

What is Shay Banon's approval rating as Elastic's CEO?

81 employees have rated Elastic CEO Shay Banon on Glassdoor.com. Shay Banon has an approval rating of 93% among Elastic's employees. This puts Shay Banon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Elastic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Square (SQ), Fastly (FSLY), Roku (ROKU), Okta (OKTA), DocuSign (DOCU), The Trade Desk (TTD), Twilio (TWLO), CrowdStrike (CRWD) and Alibaba Group (BABA).

When did Elastic IPO?

(ESTC) raised $192 million in an initial public offering on Friday, October 5th 2018. The company issued 7,000,000 shares at a price of $26.00-$29.00 per share. Goldman Sachs, J.P. Morgan, Barclays and RBC Capital Markets served as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Jefferies and Canaccord Genuity were co-managers.

What is Elastic's stock symbol?

Elastic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ESTC."

Who are Elastic's major shareholders?

Elastic's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (6.96%), Vanguard Group Inc. (6.71%), BlackRock Inc. (5.52%), Sylebra Capital Ltd (4.82%), Capital International Investors (2.74%) and Jackson Square Partners LLC (2.71%). Company insiders that own Elastic stock include Aaron Katz, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Paul Andrew Appleby, Shay Banon, Steven Schuurman and WH Baird Garrett.
View institutional ownership trends for Elastic
.

Which institutional investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, Sylebra Capital Ltd, black and white Capital LP, Invesco Ltd., First Trust Advisors LP, BlackRock Inc., and Schonfeld Strategic Advisors LLC. Company insiders that have sold Elastic company stock in the last year include Janesh Moorjani, Jonathan Chadwick, Paul Andrew Appleby, Shay Banon, Steven Schuurman, and WH Baird Garrett.
View insider buying and selling activity for Elastic
or view top insider-selling stocks.

Which institutional investors are buying Elastic stock?

ESTC stock was bought by a variety of institutional investors in the last quarter, including Atreides Management LP, Point72 Asset Management L.P., Light Street Capital Management LLC, Artemis Investment Management LLP, Nomura Asset Management Co. Ltd., Jackson Square Partners LLC, Balyasny Asset Management LLC, and State Street Corp.
View insider buying and selling activity for Elastic
or or view top insider-buying stocks.

How do I buy shares of Elastic?

Shares of ESTC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $166.99.

How much money does Elastic make?

Elastic has a market capitalization of $15.33 billion and generates $608.49 million in revenue each year. The company earns $-129,430,000.00 in net income (profit) each year or ($1.32) on an earnings per share basis.

How many employees does Elastic have?

Elastic employs 1,936 workers across the globe.

What is Elastic's official website?

The official website for Elastic is www.elastic.co.

Where are Elastic's headquarters?

How can I contact Elastic?

Elastic's mailing address is 800 West El Camino Real Suite 350, Mountain View CA, 94040. The company can be reached via phone at (650) 458-2620 or via email at [email protected].


This page was last updated on 9/24/2021 by MarketBeat.com Staff
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