ESTC vs. TEAM, SQ, DDOG, EA, HUBS, VEEV, ANSS, TTWO, MSTR, and NET
Should you be buying Elastic stock or one of its competitors? The main competitors of Elastic include Atlassian (TEAM), Block (SQ), Datadog (DDOG), Electronic Arts (EA), HubSpot (HUBS), Veeva Systems (VEEV), ANSYS (ANSS), Take-Two Interactive Software (TTWO), MicroStrategy (MSTR), and Cloudflare (NET). These companies are all part of the "prepackaged software" industry.
Atlassian (NASDAQ:TEAM) and Elastic (NYSE:ESTC) are both large-cap computer and technology companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, community ranking, valuation, analyst recommendations, earnings, media sentiment, profitability, institutional ownership and dividends.
Atlassian received 308 more outperform votes than Elastic when rated by MarketBeat users.
93.0% of Atlassian shares are held by institutional investors. Comparatively, 97.0% of Elastic shares are held by institutional investors. 40.5% of Atlassian shares are held by company insiders. Comparatively, 18.1% of Elastic shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Elastic has a net margin of 4.87% compared to Elastic's net margin of -3.90%. Elastic's return on equity of -13.95% beat Atlassian's return on equity.
Elastic has lower revenue, but higher earnings than Atlassian. Atlassian is trading at a lower price-to-earnings ratio than Elastic, indicating that it is currently the more affordable of the two stocks.
Atlassian has a beta of 0.67, meaning that its stock price is 33% less volatile than the S&P 500. Comparatively, Elastic has a beta of 0.92, meaning that its stock price is 8% less volatile than the S&P 500.
In the previous week, Elastic had 10 more articles in the media than Atlassian. MarketBeat recorded 34 mentions for Elastic and 24 mentions for Atlassian. Elastic's average media sentiment score of 0.61 beat Atlassian's score of 0.11 indicating that Atlassian is being referred to more favorably in the media.
Atlassian currently has a consensus price target of $223.22, indicating a potential upside of 42.31%. Elastic has a consensus price target of $118.55, indicating a potential upside of 13.94%. Given Elastic's higher probable upside, equities analysts clearly believe Atlassian is more favorable than Elastic.
Summary
Elastic beats Atlassian on 9 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ESTC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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