ESTC - Elastic N.V

NYSE · Technology · Software—Application

$47.56

Market Closed

End of day · Apr 17, 2026, 12:00 AM

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About

Elastic N.V., a search company, delivers technology solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The company's Elastic Stack product portfolio comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; Elastic Agent that offers integrated host protection and central management services; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, workplace search, logging, metrics, application performance management, and synthetic monitoring. The company's platform solutions provide new capabilities that helps users to combine the benefits of the Elastic Stack. The company was incorporated in 2012 and is headquartered in Mountain View, California.

https://www.elastic.co

ESTC - Elastic N.V

Technology

Okay this ESTC chart is an absolute car crash. Not even a slow bleed, more like someone drove it off a cliff from 92+ last summer to hanging under 50. That’s ugly. But you know what? I’m calling bottom. There’s too much doom in this tape and it’s time to pounce. Elastic’s tech is still mission critical for a ton of enterprises and dev teams. Just because growth got punched in the mouth doesn’t mean the story is dead. This is classic market overkill: they whiffed a guide, yes, but the sticky recurring revenue and potential to cross sell new observability features are still very real. Fat margins aren’t going away. I see the risk/reward setup as lopsided at 47.51. I’m not saying it magically bounces back to 80 overnight, but a snapback to 56.50 is in play as soon as the company posts one decent quarter with growth stabilizing. It’s all about the next earnings that’s the catalyst. If they even hint at re accelerating customer adds or show a respectable pipeline, shorts will scramble. You want to get in before the herd wakes up. Look, the main risk is a second bad quarter. If they miss again or guide down, I can see another leg lower (maybe mid 30s, yikes). But I’m not betting on that. I think the sellers are exhausted and the risk/reward here is just too juicy to ignore for a punchy swing.

Entry

$47.51

Above

$56.50

Jun 4, 2026

Karma

126 to 17663

Bullish

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