Elastic (NYSE:ESTC) updated its third quarter 2020
After-Hours earnings guidance on Wednesday. The company provided EPS guidance of -0.36–0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.33. The company issued revenue guidance of $106-108 million, compared to the consensus revenue estimate of $105.93 million.Elastic also updated its FY 2020
After-Hours guidance to -1.24–1.17 EPS.
A number of equities research analysts have issued reports on the company. ValuEngine downgraded Elastic from a buy rating to a hold rating in a research note on Thursday, November 28th. Bank of America boosted their price target on Elastic from $135.00 to $137.00 and gave the company a buy rating in a research note on Thursday, August 29th. Barclays set a $105.00 price target on Elastic and gave the company a buy rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their price target on Elastic from $125.00 to $130.00 and gave the company a buy rating in a research note on Thursday, August 29th. Finally, Stifel Nicolaus boosted their price target on Elastic from $85.00 to $100.00 and gave the company a hold rating in a research note on Thursday, August 29th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $102.93.
Shares of Elastic stock traded up $0.42 during trading hours on Wednesday, reaching $78.20. 1,823,495 shares of the stock traded hands, compared to its average volume of 1,046,014. The company has a 50 day moving average price of $75.56 and a 200 day moving average price of $83.08. The firm has a market capitalization of $6.20 billion and a price-to-earnings ratio of -43.44. Elastic has a one year low of $60.78 and a one year high of $104.10. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.11.
Elastic Company Profile
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.
Featured Story: Dogs of the Dow
Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.