ESTC vs. CFLT, DUOL, PCOR, DOCU, PATH, GEN, SPSC, KVYO, BRZE, and CXM
Should you be buying Elastic stock or one of its competitors? The main competitors of Elastic include Confluent (CFLT), Duolingo (DUOL), Procore Technologies (PCOR), DocuSign (DOCU), UiPath (PATH), Gen Digital (GEN), SPS Commerce (SPSC), Klaviyo (KVYO), Braze (BRZE), and Sprinklr (CXM). These companies are all part of the "prepackaged software" industry.
Confluent (NASDAQ:CFLT) and Elastic (NYSE:ESTC) are both business services companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, risk, profitability, earnings, community ranking, institutional ownership, valuation, media sentiment and dividends.
Elastic received 234 more outperform votes than Confluent when rated by MarketBeat users. Likewise, 64.45% of users gave Elastic an outperform vote while only 40.85% of users gave Confluent an outperform vote.
Confluent presently has a consensus target price of $30.80, suggesting a potential downside of 2.32%. Elastic has a consensus target price of $111.26, suggesting a potential upside of 9.49%. Given Confluent's stronger consensus rating and higher possible upside, analysts clearly believe Elastic is more favorable than Confluent.
Confluent has a beta of 0.95, indicating that its stock price is 5% less volatile than the S&P 500. Comparatively, Elastic has a beta of 0.97, indicating that its stock price is 3% less volatile than the S&P 500.
Elastic has higher revenue and earnings than Confluent. Confluent is trading at a lower price-to-earnings ratio than Elastic, indicating that it is currently the more affordable of the two stocks.
Elastic has a net margin of 4.63% compared to Elastic's net margin of -56.99%. Confluent's return on equity of -23.94% beat Elastic's return on equity.
In the previous week, Elastic had 9 more articles in the media than Confluent. MarketBeat recorded 22 mentions for Elastic and 13 mentions for Confluent. Elastic's average media sentiment score of 0.76 beat Confluent's score of 0.07 indicating that Confluent is being referred to more favorably in the media.
59.3% of Confluent shares are owned by institutional investors. Comparatively, 74.7% of Elastic shares are owned by institutional investors. 22.1% of Confluent shares are owned by insiders. Comparatively, 18.1% of Elastic shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Summary
Elastic beats Confluent on 14 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ESTC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
Skip ChartThis chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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