NYSE:ESTCElastic Stock Price, Forecast & News

Elastic's stock was trading at $52.80 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ESTC shares have increased by 84.0% and is now trading at $97.15. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 4 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Elastic.

Elastic is scheduled to release its next quarterly earnings announcement on Wednesday, August 26th 2020. View our earnings forecast for Elastic.

Elastic NV (NYSE:ESTC) issued its earnings results on Wednesday, June, 3rd. The company reported ($0.12) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.31) by $0.19. The firm had revenue of $123.60 million for the quarter, compared to analyst estimates of $117.15 million. Elastic had a negative net margin of 39.09% and a negative return on equity of 34.65%. Elastic's quarterly revenue was up 52.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.28) earnings per share. View Elastic's earnings history.

Elastic issued an update on its FY21 earnings guidance on Wednesday, June, 3rd. The company provided earnings per share (EPS) guidance of ($0.98)-($0.85) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($1.32). The company issued revenue guidance of $530-$540 million, compared to the consensus revenue estimate of $561.27 million.

14 brokers have issued 1-year target prices for Elastic's shares. Their forecasts range from $60.00 to $137.00. On average, they anticipate Elastic's share price to reach $96.86 in the next year. This suggests that the stock has a possible downside of 0.3%. View analysts' price targets for Elastic.

Media stories about ESTC stock have been trending negative on Thursday, InfoTrie reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Elastic earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news about Elastic.

Some companies that are related to Elastic include Splunk (SPLK), Synopsys (SNPS), Cadence Design Systems (CDNS), Okta (OKTA), Datadog (DDOG), ANSYS (ANSS), Atlassian (TEAM), Crowdstrike (CRWD), Coupa Software (COUP), Paycom Software (PAYC), Citrix Systems (CTXS), Check Point Software Technologies (CHKP), TAKE-TWO INTERACTIVE SOFTWARE (TTWO), Tableau Software (DATA) and SS&C Technologies (SSNC). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Elastic investors own include NVIDIA (NVDA), Square (SQ), Roku (ROKU), Twilio (TWLO), Okta (OKTA), Netflix (NFLX), Alibaba Group (BABA), Trade Desk (TTD), Alteryx (AYX) and Splunk (SPLK).

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

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

Elastic's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.02%) and Arden Trust Co (0.01%). Company insiders that own Elastic stock include Aaron Katz, Benchmark Capital Management C, Janesh Moorjani, Jonathan Chadwick, Kevin Kluge, Michelangelo Volpi, Shay Banon, Steven Schuurman and WH Baird Garrett. View institutional ownership trends for Elastic.

ESTC stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., and Arden Trust Co. View insider buying and selling activity for 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.

One share of ESTC stock can currently be purchased for approximately $97.15.

Elastic has a market capitalization of $8.28 billion and generates $427.62 million in revenue each year. The company earns $-167,170,000.00 in net income (profit) each year or ($1.53) on an earnings per share basis. Elastic employs 1,936 workers across the globe.

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

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]