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NYSE:ESTC - Elastic Stock Price, Forecast & News

-0.38 (-0.59 %)
(As of 12/8/2019 04:00 PM ET)
Today's Range
Now: $63.84
50-Day Range
MA: $74.67
52-Week Range
Now: $63.84
Volume2.93 million shs
Average Volume1.74 million shs
Market Capitalization$4.98 billion
P/E RatioN/A
Dividend YieldN/A
Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization. Its Elastic Stack comprises products, such as 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. The company also offers software solutions on the Elastic Stack that address cases, including app search, site search, enterprise search, logging, metrics, application performance monitoring, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. The company was founded in 2012 and is headquartered in Mountain View, California.

Industry, Sector and Symbol

Industry Prepackaged software
SectorBusiness Services



Sales & Book Value

Annual Sales$271.65 million
Book Value$3.58 per share


Net Income$-102,300,000.00


Market Cap$4.98 billion
Next Earnings Date2/26/2020 (Estimated)
OptionableNot Optionable

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Elastic (NYSE:ESTC) Frequently Asked Questions

What is Elastic's stock symbol?

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

How were Elastic's earnings last quarter?

Elastic NV (NYSE:ESTC) issued its quarterly earnings results on Wednesday, December, 4th. The company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.50) by $0.28. The company earned $101.10 million during the quarter, compared to the consensus estimate of $96.51 million. Elastic had a negative return on equity of 47.22% and a negative net margin of 43.22%. Elastic's revenue was up 59.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.38) EPS. View Elastic's Earnings History.

When is Elastic's next earnings date?

Elastic is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Elastic.

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

Elastic updated its FY20 earnings guidance on Wednesday, December, 4th. The company provided earnings per share (EPS) guidance of ($1.24-1.17) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.29). The company issued revenue guidance of $415-417 million, compared to the consensus revenue estimate of $410.78 million.

What price target have analysts set for ESTC?

14 analysts have issued 12-month target prices for Elastic's stock. Their forecasts range from $84.00 to $137.00. On average, they expect Elastic's stock price to reach $100.46 in the next twelve months. This suggests a possible upside of 57.4% from the stock's current price. View Analyst Price Targets for Elastic.

What is the consensus analysts' recommendation for Elastic?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Elastic.

What are Wall Street analysts saying about Elastic stock?

Here are some recent quotes from research analysts about Elastic stock:
  • 1. According to Zacks Investment Research, "Elastic N.V. is a search company. It primarily provides Elastic Stack, a set of software products which ingest and store data from various sources and formats, as well as performs search, analysis and visualization. Elastic N.V. is based in Mountain View, California. " (10/29/2019)
  • 2. KeyCorp analysts commented, "We are initiating at Overweight and forecast revenue that can quadruple to $1B+ within five years driven by an open-ended growth opportunity within a large $45B TAM. New class of software exploiting the universal appeal of search. We see a new class of enterprise software emerging in 2019 that is exploiting the universal appeal of search. While search was born to drive fast consumer insights across massive volumes of HTML data, we are impressed by the hypergrowth witnessed by search-centric software firms like Mapbox that are delivering unique and differentiated search experiences applied to enterprise data. As the variety and volume of enterprise data further expands on IoT, cloud, and AI mandates, these search-centric software vendors are poised to sustain high growth." (4/4/2019)

Has Elastic been receiving favorable news coverage?

News coverage about ESTC stock has been trending very negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Elastic earned a news impact score of -3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Elastic.

Are investors shorting Elastic?

Elastic saw a drop in short interest in October. As of October 31st, there was short interest totalling 4,880,000 shares, a drop of 15.0% from the September 30th total of 5,740,000 shares. Based on an average trading volume of 1,400,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 10.9% of the shares of the company are short sold. View Elastic's Current Options Chain.

Who are some of Elastic's key competitors?

What other stocks do shareholders of Elastic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include Twilio (TWLO), Okta (OKTA), NVIDIA (NVDA), Alibaba Group (BABA), Trade Desk (TTD), Zscaler (ZS), Square (SQ), Paypal (PYPL), Crowdstrike (CRWD) and Roku (ROKU).

Who are Elastic's key executives?

Elastic's management team includes the folowing people:
  • Mr. Shay Banon, Co-Founder, CEO & Chairman (Age 41)
  • Mr. Janesh Moorjani, Chief Financial Officer (Age 46)
  • Mr. Aaron Katz, Chief Revenue Officer (Age 42)
  • Mr. Uri Boness, Founder
  • Mr. Simon Willnauer, Founder

When did Elastic IPO?

(ESTC) raised $192 million in an initial public offering (IPO) on Friday, October 5th 2018. The company issued 7,000,000 shares at $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.

Who are Elastic's major shareholders?

Elastic's stock is owned by many different of retail and institutional investors. Top institutional investors include Sylebra Capital Ltd (3.86%), Index Venture Associates VI Ltd (1.93%), Jericho Capital Asset Management L.P. (0.90%), TimesSquare Capital Management LLC (0.83%), Eagle Asset Management Inc. (0.74%) and State Street Corp (0.66%). Company insiders that own Elastic stock include Aaron Katz, Benchmark Capital Management C, Janesh Moorjani, Kevin Kluge, Michelangelo Volpi, Shay Banon, Steven Schuurman and WH Baird Garrett. View Institutional Ownership Trends for Elastic.

Which major investors are selling Elastic stock?

ESTC stock was sold by a variety of institutional investors in the last quarter, including Index Venture Associates VI Ltd, TimesSquare Capital Management LLC, Millennium Management LLC, First Trust Advisors LP and SG Americas Securities LLC. Company insiders that have sold Elastic company stock in the last year include Aaron Katz, Benchmark Capital Management C, Janesh Moorjani, Kevin Kluge, Michelangelo Volpi, Shay Banon, Steven Schuurman and WH Baird Garrett. View Insider Buying and Selling for Elastic.

Which major investors are buying Elastic stock?

ESTC stock was bought by a variety of institutional investors in the last quarter, including Sylebra Capital Ltd, Jericho Capital Asset Management L.P., Glynn Capital Management LLC, Eventide Asset Management LLC, Eagle Asset Management Inc., Carillon Tower Advisers Inc., State Street Corp and Man Group plc. View Insider Buying and Selling for Elastic.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Elastic's stock price today?

One share of ESTC stock can currently be purchased for approximately $63.84.

How big of a company is Elastic?

Elastic has a market capitalization of $4.98 billion and generates $271.65 million in revenue each year. The company earns $-102,300,000.00 in net income (profit) each year or ($1.80) on an earnings per share basis. Elastic employs 1,442 workers across the globe.View Additional Information About Elastic.

What is Elastic's official website?

The official website for Elastic is http://www.elastic.co/.

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]

MarketBeat Community Rating for Elastic (NYSE ESTC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  134 (Vote Outperform)
Underperform Votes:  136 (Vote Underperform)
Total Votes:  270
MarketBeat's community ratings are surveys of what our community members think about Elastic and other stocks. Vote "Outperform" if you believe ESTC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ESTC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/8/2019 by MarketBeat.com Staff

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