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Elastic NV ESTC Stock Quote

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Morningstar‘s Stock Analysis ESTC

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Elastic Begins Fiscal 2023 With Results in Line With Our Estimates; Maintain FVE; Shares Undervalued

Analyst Note

| Malik Ahmed Khan |

We maintain our fair value estimate of $100 for narrow-moat Elastic after the firm kicked off fiscal 2023 with robust financial results largely in line with our expectations. We continue to have a positive outlook for Elastic as the firm stands to benefit from secular tailwinds across its end-markets.

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Key Statistics ESTC

Company Profile ESTC

Business Description

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is on enterprise search, observability, and security.

800 West El Camino Real, Suite 350
Mountain View, CA, 94040
T +1 650 458-2620
Industry Software - Application
Most Recent Earnings Jul 31, 2022
Fiscal Year End Apr 30, 2023
Employees 3,056