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Elastic Stock Price, News & Analysis (NYSE:ESTC)

$78.70
-6.51 (-7.64 %)
(As of 10/17/2019 01:44 AM ET)
Today's Range
$78.55
Now: $78.70
$83.80
50-Day Range
$79.45
MA: $87.02
$94.52
52-Week Range
$58.88
Now: $78.70
$104.10
Volume1.27 million shs
Average Volume1.02 million shs
Market Capitalization$6.08 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/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
Sub-IndustryN/A
SectorBusiness Services
CUSIPN/A
CIKN/A
Phone650-458-2620

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$271.65 million
Book Value$3.58 per share

Profitability

Net Income$-102,300,000.00

Miscellaneous

Employees1,442
Market Cap$6.08 billion
Next Earnings Date11/27/2019 (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) announced its quarterly earnings data on Wednesday, August, 28th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.60) by $0.09. The firm had revenue of $89.70 million for the quarter, compared to analysts' expectations of $83.49 million. Elastic had a negative return on equity of 44.92% and a negative net margin of 41.18%. The company's revenue was up 58.5% compared to the same quarter last year. View Elastic's Earnings History.

When is Elastic's next earnings date?

Elastic is scheduled to release their next quarterly earnings announcement on Wednesday, November 27th 2019. View Earnings Estimates for Elastic.

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

Elastic updated its FY20 earnings guidance on Wednesday, August, 28th. The company provided EPS guidance of ($1.40-1.24) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.40). The company issued revenue guidance of $406-412 million, compared to the consensus revenue estimate of $400.21 million.

What price target have analysts set for ESTC?

13 analysts have issued 1 year price objectives for Elastic's stock. Their forecasts range from $85.00 to $137.00. On average, they expect Elastic's share price to reach $105.00 in the next twelve months. This suggests a possible upside of 33.4% from the stock's current price. View Analyst Price Targets for Elastic.

What is the consensus analysts' recommendation for Elastic?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 6 hold ratings and 7 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. " (9/4/2019)
  • 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)
  • 3. Canaccord Genuity analysts commented, "We believe Elastic has the potential to be an extraordinary company with similar growth dynamics to four other high-profile IPOs we have done – and MongoDB. Meanwhile, unlike the past 18 months when just being a software company meant a 60% multiple expansion and 200% appreciation for many growth stocks, it is very likely that we have entered a more restrained market environment. This means investors will be much more selective when it comes to valuations. And while we acknowledge that consensus forecasts for Elastic are almost certainly quite conservative, even adjusting for that fact, investors have driven ESTC’s stock price to a high valuation." (10/30/2018)

Has Elastic been receiving favorable news coverage?

Media headlines about ESTC stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Elastic earned a media sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View News Stories for Elastic.

Are investors shorting Elastic?

Elastic saw a increase in short interest during the month of September. As of September 30th, there was short interest totalling 5,230,000 shares, an increase of 14.2% from the August 30th total of 4,580,000 shares. Based on an average daily trading volume, of 1,440,000 shares, the days-to-cover ratio is currently 3.6 days. Approximately 12.6% 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 Square (SQ), Twilio (TWLO), Okta (OKTA), Paypal (PYPL), Trade Desk (TTD), Zscaler (ZS), Alibaba Group (BABA), InterDigital Wireless (IDCC), NVIDIA (NVDA) and Crowdstrike (CRWD).

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 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 acted as the underwriters for the IPO and BofA Merrill Lynch, Citigroup, Jefferies and Canaccord Genuity were co-managers.

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 $78.70.

How big of a company is Elastic?

Elastic has a market capitalization of $6.08 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:  2.4 out of 5 (star star)
Outperform Votes:  119 (Vote Outperform)
Underperform Votes:  127 (Vote Underperform)
Total Votes:  246
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 10/17/2019 by MarketBeat.com Staff

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