Elastic is a data analytics company. Co.'s platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from data. Co.'s solutions are Search, Observability, and Security, that are built into the platform. Co. provides the Elastic Stack, a set of software products that ingest and store data from any source, in any format, and perform search, analysis, and visualization. The Elastic Stack includes: Elasticsearch, which is a real-time search and analytics engine and data store for various types of data; and Kibana, which is the user interface for the Elastic Stack. We show 21 historical shares outstanding datapoints in our ESTC shares outstanding history coverage, used to compute ESTC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ESTC market cap history over the course of time is important for investors
interested in comparing ESTC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ESTC versus a peer is one thing; comparing
ESTC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ESTC can fluctuate over the course of history.
With this page we aim to empower investors researching ESTC by allowing them to research the ESTC market cap history. |
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Video: The Importance of Market Cap
