|Bid||0.00 x 900|
|Ask||64.09 x 800|
|Day's Range||61.69 - 62.64|
|52 Week Range||60.78 - 104.10|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||97.75|
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Elastic N.V. Investors
Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating claims on behalf of investors who purchased shares of Elastic N.V. ("Elastic or the "Company") (NYSE: ESTC), a data analytics provider.
U.S. shares of Elastic NV fell in the extended session Wednesday after the search company forecast a wider-than-expected loss for the current quarter. Elastic ADRs dropped 12% after hours, following a 0.5% rise in the regular session to close at $78.20. Elastic expects a fiscal third-quarter loss of 36 cents to 34 cents a share on revenue of $106 million to $108 million. Analysts surveyed by FactSet had forecast a loss of 33 cents a share on revenue of $105.8 million. The company reported a fiscal second-quarter loss of $50 million, or 64 cents a share, compared with a loss of $27.5 million, or 63 cents a share, in the year-ago period. The adjusted loss was 22 cents a share. Revenue rose to $101.1 million from $63.6 million in the year-ago quarter. Analysts had forecast a loss of 31 cents on revenue of $96.4 million.
Hedge funds are known to underperform the bull markets but that's not because they are terrible at stock picking. Hedge funds underperform because their net exposure in only 40-70% and they charge exorbitant fees. No one knows what the future holds and how market participants will react to the bountiful news that floods in each […]
Millions of people already use Kibana to visualize and interact with data in real time. With the initial beta launch of Kibana Lens, Elastic is introducing an easy and intuitive way to rapidly gain insight into Elasticsearch data.
Elastic enhances enterprise search, observability, and security solutions with latest version of the Elastic Stack. Elastic N.V. (ESTC), creators of Elasticsearch, today announced the release of Elastic Stack 7.5.0, the latest version of the all-in-one datastore, search engine, and analytics platform. Along with the introduction of Kibana Lens, a fast and intuitive way to craft visualizations, this release offers significant enhancements to Elastic’s Observability, Security, and Enterprise Search solutions.
Elastic N.V. , the company behind Elasticsearch and the Elastic Stack, announced that Shay Banon, Elastic's founder and chief executive officer, will present at the Barclays Global Technology, Media and Telecommunications Conference in San Francisco, California on Thursday, December 12, 2019 at 10:30 a.m.
Elastic is a search company. As the creators of the Elastic Stack (Elasticsearch, Kibana, Beats, and Logstash), Elastic builds self-managed and SaaS offerings that make data usable in real time and at scale for use cases like application search, site search, enterprise search, logging, APM, metrics, security, business analytics, and many more. Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries.
Elastic N.V. (ESTC), the company behind Elasticsearch and the Elastic Stack, announced that Alison Gleeson has been nominated to join its Board of Directors. Gleeson is a globally recognized executive who was previously Senior Vice President of Cisco’s Americas organization. Gleeson was responsible for nearly 9,000 employees across 35 countries.
Elastic, iRobot, Chipotle, Texas Instruments and Snap highlighted as Zacks Bull and Bear of the Day
Elastic N.V. (ESTC), the company behind Elasticsearch and the Elastic Stack, announced the general availability of its Elasticsearch Service on GCP Marketplace. Earlier this year, Elastic announced a deeper partnership with Google to make the Elasticsearch Service on Elastic Cloud more accessible to Google Cloud Platform (GCP) users. Today, Elastic is realizing the first milestone in this initiative: the general availability of the Elasticsearch Service on GCP Marketplace following a successful beta with key customers.
To many investors, the idea that Splunk (NASDAQ:SPLK) stock is cheap seems ludicrous. Splunk's guidance calls for negative operating cash flow this year. And Splunk stock trades at roughly eight times its sales (excluding its net cash) and 50 times analysts' average 2020 earnings per share estimate.Source: Michael Vi / Shutterstock.com Splunk stock hardly seems like a value play. But it does look at least inexpensive compared with its peers. Its price-sales ratio is one of the lowest of any company whose revenues are growing at a 30%+ clip.In recent quarters, Workday (NASDAQ:WDAY) and Paycom Software (NYSE:PAYC) posted similar revenue increases as SPLK. WDAY trades at over 11 times its revenue, and PAYC's price-sales ratio is 17. Other software companies are growing at rates similar to SPLK and have higher valuations.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut why is SPLK stock trading at a discount to some of its peers and why has that situation persisted? SPLK stock has gained roughly 20% over the past year, but that figure is skewed by timing. Splunk stock actually sits below where it was after its fiscal Q2 results which were released back in August 2018.There are interesting arguments for why the relatively low valuation of Splunk stock has created a buying opportunity. There are also interesting arguments as to why SPLK stock deserves the discount. Overall, I'd lean towards the bullish argument. But investors who are considering buying Splunk stock need to consider multiple points. * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) The Case for Splunk StockSplunk stock is not necessarily cheap. Its valuation is still higher than that of the average stock, and for good reason.Splunk's log-management offerings are a direct play on Big Data. And the company's growth has been impressive. Its revenue increased 41% in fiscal 2017 and jumped 38%+ in the following two years. Its sales are expected to increase roughly 28% in FY20.Meanwhile, as noted earlier, SPLK stock has stalled out, trading sideways for the last 13+ months. That performance, combined with the company's revenue and profit growth, has caused the multiples of Splunk stock to fall. And bulls would argue that some of the relative weakness has come from a misunderstanding surrounding the company's cash flow guidance.After all, Splunk stock fell after its Q2 results partly because of its cash flow guidance. Splunk's guidance went from $250 million to -$300 million, a seemingly huge change. But bulls would argue that the shift was caused by the company's transition to a subscription model. That transition creates uneven sales growth, meaning the guidance change indicates little, if any, alteration of Splunk's long-term cash flow.That guidance overshadowed a strong report, as SPLK's software revenue jumped 46% year-over-year. The bull case is that the company's growth outlook remains intact, while short-term concerns have moved SPLK stock to a lower and more attractive valuation.Wall Street analysts seem to agree; their average price target on SPLK stock is about 25% above its current price. Last month, Raymond James said the company's new pricing model could boost Splunk stock in the near-term. The Case Against SPLK StockThe bull case on SPLK is intriguing, and I wouldn't be surprised to see SPLK stock break out at some point. But the shares pose some risks as well.For one, SPLK might well be cheap on a relative basis, but that doesn't guarantee that the shares will rise. Eight times revenue, even with Splunk's attractive gross margins, still prices in quite a bit of growth. Moreover, Splunk stock lost about a third of its value during last year's Q4 stock-market selloff. If the stock market tumbles again, SPLK stock will fall further.The other considerable risk is on the competitive front. Splunk is the leader in log management, but it has some tough competitors. Elastic (NYSE:ESTC), for example, offers an open-source ELK Stack which allows customers to build their own log management systems, as opposed to buying them from Splunk.Datadog (NASDAQ:DDOG), which recently launched its IPO, is another competitor. Datadog offers a unified platform that includes log management, but also infrastructure, cloud, and application-performance monitoring. DDOG is trading at roughly 20 times its revenue, suggesting that investors are bullish on its outlook.Both Datadog and Elastic have posted stronger revenue growth than Splunk of late, although both are doing so from lower revenue bases than SPLK. Hope for a Better Entry Point?For software-as-a-service (SaaS) investors, then, SPLK probably is at the top of the list. Its valuation might be questionable, but it is quite attractive relative to what investors have been willing to pay for growth stocks in recent years.But I'm not sure Splunk stock quite gets to the point of being compelling for those investors who aren't focused on growth stocks.SPLK is facing risks. The shares probably can grow into their forward price-earnings multiple of 40+. But it only takes one earnings miss for competitive risks to move to the forefront of investors' minds.Given the performance of Splunk stock over the past 12+ months, it does seem worth staying on the sidelines and hoping for a better entry point. SPLK probably is cheap, but it's a little too cheap. And there are reasons why it could get even cheaper.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks to Buy (With Brands You Can Find In Your Kitchen) * 7 Hot & Trendy Generation Z Stocks to Buy * 5 Stocks to Buy in the Mighty Middle The post Splunk Stock Actually Is Cheap, But Why Is That? appeared first on InvestorPlace.
Elastic N.V. (ESTC), the company behind Elasticsearch and the Elastic Stack, today announced the introduction of Elastic Endpoint Security, based on Elastic’s acquisition of Endgame, a pioneer and industry-recognized leader in endpoint threat prevention, detection, and response based on the MITRE ATT&CK™ matrix. Elastic is combining SIEM and endpoint security into a single solution to enable organizations to automatically and flexibly respond to threats in real time, whether in the cloud, on-premises, or in hybrid environments.
Elastic N.V. (ESTC), the company behind Elasticsearch and the Elastic Stack, announced that it has completed the acquisition of Endgame, a pioneer and industry-recognized leader in endpoint protection, detection, and response. For years, the Elastic Stack has been adopted and used as a security analytics solution for threat hunting, fraud detection, security monitoring, cybersecurity, and more. In June 2019, Elastic launched Elastic SIEM to give security teams a powerful new tool for collecting, investigating, and detecting security information and events.
Elastic N.V. (ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today announced the general availability of version 7.4 of the Elastic Stack. Debuting in version 7.4 are several new features that simplify cluster administration and operations, introduce new aggregation and machine learning capabilities, and deepen the stack security experience. On the solutions front, Elastic SIEM improves security operations workflows by adding real-time maps for geospatial analytics, and 13 more predefined machine learning jobs for detecting a range of security threats that rules alone could not catch.