ESTC vs. CFLT, PCOR, DUOL, PATH, DOCU, GEN, SPSC, BRZE, CXM, and INST
Should you be buying Elastic stock or one of its competitors? The main competitors of Elastic include Confluent (CFLT), Procore Technologies (PCOR), Duolingo (DUOL), UiPath (PATH), DocuSign (DOCU), Gen Digital (GEN), SPS Commerce (SPSC), Braze (BRZE), Sprinklr (CXM), and Instructure (INST). These companies are all part of the "prepackaged software" industry.
Elastic (NYSE:ESTC) and Confluent (NASDAQ:CFLT) are both business services companies, but which is the superior stock? We will contrast the two companies based on the strength of their community ranking, dividends, analyst recommendations, institutional ownership, valuation, earnings, profitability, risk and media sentiment.
Elastic has a net margin of 4.63% compared to Confluent's net margin of -56.99%. Elastic's return on equity of -23.94% beat Confluent's return on equity.
Elastic has a beta of 0.94, suggesting that its stock price is 6% less volatile than the S&P 500. Comparatively, Confluent has a beta of 0.91, suggesting that its stock price is 9% less volatile than the S&P 500.
97.0% of Elastic shares are owned by institutional investors. Comparatively, 78.1% of Confluent shares are owned by institutional investors. 18.1% of Elastic shares are owned by insiders. Comparatively, 22.1% of Confluent shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
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.
In the previous week, Confluent had 2 more articles in the media than Elastic. MarketBeat recorded 5 mentions for Confluent and 3 mentions for Elastic. Elastic's average media sentiment score of 0.78 beat Confluent's score of 0.78 indicating that Elastic is being referred to more favorably in the media.
Elastic received 231 more outperform votes than Confluent when rated by MarketBeat users. Likewise, 64.45% of users gave Elastic an outperform vote while only 41.92% of users gave Confluent an outperform vote.
Elastic currently has a consensus price target of $111.26, suggesting a potential upside of 8.51%. Confluent has a consensus price target of $30.64, suggesting a potential upside of 7.40%. Given Elastic's stronger consensus rating and higher probable upside, analysts clearly believe Elastic is more favorable than Confluent.
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.
This 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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