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ESTC

Elastic N.V.

ESTC

NYSE·Technology·Software - Application·Mkt cap $10.0B

$96.13

+7.31%

P/E

-120.80

Mkt Cap

$10.0B

52-Wk Range

$42.05–$108.00

52-Week Range

$42.05 - $108.00

P/E

-120.80

Fwd P/E

28.71

Beta

0.97

Div Yield

0.00%

Avg Vol

2.2M

Shares Out

103.5M

Mkt Cap

$10.0B

Price action

Price chart

Up 11.4% over the trailing year

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Market-leading open-source Elasticsearch technology with massive developer adoption
  • Comprehensive, integrated platform reducing need for multiple vendors
  • Strong developer community and ecosystem driving organic growth
  • Multi-cloud deployment flexibility meeting enterprise infrastructure demands

Bear Case

2 risks

  • Average volatility.
  • Premium valuation to Enterprise SaaS peers

Growth

Turning profitable

Increased enterprise adoption of observability and data analytics solutions

Value

Premium valuation to Enterprise SaaS peers

Momentum

Hot

+50.0% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Nov 19, 2026

Q3 26 RECAP

AUG 27, 2026

Reported EPS of $0.70 vs $0.58 consensus (+19.9% surprise). Revenue of $478.1M vs $469.7M expected (+1.8%). Beat on both top and bottom lines.

EPS beat +19.9%
Rev beat +1.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Estimate

Actual

Q3 26

+19.9%

Revenue trend · last 8Q

+16%

+20%

+16%

+18%

+15%

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

Q1 27

$347.4M

$365.4M

$382.1M

$388.4M

$415.3M

$423.5M

$449.9M

$478.1M

Margins · last 8Q

Gross

74.5%

Operating

-0.8%

Profit

-3.5%

Wall Street consensus

19 analysts · 63% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

12

63%

Hold

7

37%

Sell

0%

Median Price Target

Latest: Bank of America · Aug 28, 2026

vs Industry

How ESTC stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.