NYSE:ESTC - Elastic Stock Price, Forecast & News

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

Elastic NV (NYSE:ESTC) posted its earnings results on Wednesday, December, 4th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.50) by $0.28. The company earned $101.10 million during the quarter, compared to analyst estimates of $96.51 million. Elastic had a negative return on equity of 40.66% and a negative net margin of 43.22%. Elastic's revenue was up 59.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.38) earnings per share. View Elastic's Earnings History.

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

Elastic issued an update on 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 estimate of ($1.29). The company issued revenue guidance of $415-417 million, compared to the consensus revenue estimate of $410.78 million.

14 Wall Street analysts have issued 12 month price targets 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 42.6% from the stock's current price. View Analyst Price Targets for Elastic.

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.

Press coverage about ESTC stock has been trending somewhat positive recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing 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 0.7 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Elastic.

Elastic saw a increase in short interest in December. As of December 13th, there was short interest totalling 6,190,000 shares, an increase of 27.6% from the November 28th total of 4,850,000 shares. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is presently 4.3 days. Currently, 12.1% of the company's stock are sold short. View Elastic's Current Options Chain.

Some companies that are related to Elastic include Synopsys (SNPS), ANSYS (ANSS), Veeva Systems (VEEV), Cadence Design Systems (CDNS), NortonLifeLock (NLOK), Check Point Software Technologies (CHKP), Paycom Software (PAYC), Symantec (SYMC), Atlassian (TEAM), Twilio (TWLO), SS&C Technologies (SSNC), Okta (OKTA), Citrix Systems (CTXS), TAKE-TWO INTERACTIVE SOFTWARE (TTWO) and Tableau Software (DATA).

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

(ESTC) raised $192 million in an initial public offering (IPO) 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's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Roubaix Capital LLC (0.02%), Cerebellum GP LLC (0.01%) and Alpine Global Management LLC (0.01%). 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.

ESTC stock was acquired by a variety of institutional investors in the last quarter, including Roubaix Capital LLC, Cerebellum GP LLC and Alpine Global Management LLC. View Insider Buying and Selling 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 $70.47.

Elastic has a market capitalization of $5.70 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.

The official website for Elastic is http://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]