CFLT
Price
$30.95
Change
-$0.84 (-2.64%)
Updated
Sep 20, 6:59 PM EST
42 days until earnings call
ESTC
Price
$76.37
Change
-$0.69 (-0.90%)
Updated
Sep 20, 6:59 PM EST
70 days until earnings call

Compare predictions CFLT vs ESTC

Header iconCFLT vs ESTC Comparison
Open Charts CFLT vs ESTCBanner chart's image
Confluent
Price$30.95
Change-$0.84 (-2.64%)
Volume$1.13M
CapitalizationN/A
Elastic
Price$76.37
Change-$0.69 (-0.90%)
Volume$184.37K
CapitalizationN/A
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CFLT vs ESTC Comparison Chart

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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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VS
CFLT vs. ESTC commentary
Sep 21, 2023

To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is CFLT is a Hold and ESTC is a StrongSell.

COMPARISON
Comparison
Sep 21, 2023
Stock price -- (CFLT: $30.95 vs. ESTC: $76.39)
Brand notoriety: CFLT and ESTC are both not notable
Both companies represent the Packaged Software industry
Current volume relative to the 65-day Moving Average: CFLT: 51% vs. ESTC: 53%
Market capitalization -- CFLT: $9.88B vs. ESTC: $7.69B
CFLT [@Packaged Software] is valued at $9.88B. ESTC’s [@Packaged Software] market capitalization is $7.69B. The market cap for tickers in the [@Packaged Software] industry ranges from $2.38T to $0. The average market capitalization across the [@Packaged Software] industry is $8.25B.

Long-Term Analysis

It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).

CFLT’s FA Score shows that 0 FA rating(s) are green whileESTC’s FA Score has 0 green FA rating(s).

  • CFLT’s FA Score: 0 green, 5 red.
  • ESTC’s FA Score: 0 green, 5 red.
According to our system of comparison, both CFLT and ESTC are a bad buy in the long-term.

Short-Term Analysis

It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.

If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.

CFLT’s TA Score shows that 3 TA indicator(s) are bullish while ESTC’s TA Score has 4 bullish TA indicator(s).

  • CFLT’s TA Score: 3 bullish, 4 bearish.
  • ESTC’s TA Score: 4 bullish, 6 bearish.
According to our system of comparison, CFLT is a better buy in the short-term than ESTC.

Price Growth

CFLT (@Packaged Software) experienced а -7.75% price change this week, while ESTC (@Packaged Software) price change was -2.79% for the same time period.

The average weekly price growth across all stocks in the @Packaged Software industry was -1.47%. For the same industry, the average monthly price growth was -1.47%, and the average quarterly price growth was +3.75%.

Reported Earning Dates

CFLT is expected to report earnings on Nov 02, 2023.

ESTC is expected to report earnings on Nov 30, 2023.

Industries' Descriptions

@Packaged Software (-1.47% weekly)

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

SUMMARIES
A.I.dvisor published
a Summary for CFLT with price predictions.
OPEN
A.I.dvisor published
a Summary for ESTC with price predictions.
OPEN
FUNDAMENTALS
Fundamentals
CFLT($9.88B) has a higher market cap than ESTC($7.69B). ESTC YTD gains are higher at: 48.330 vs. CFLT (39.164). ESTC has higher annual earnings (EBITDA): -140.29M vs. CFLT (-474.08M). CFLT has more cash in the bank: 1.85B vs. ESTC (957M). ESTC has less debt than CFLT: ESTC (591M) vs CFLT (1.12B). ESTC has higher revenues than CFLT: ESTC (1.11B) vs CFLT (684M).
CFLTESTCCFLT / ESTC
Capitalization9.88B7.69B129%
EBITDA-474.08M-140.29M338%
Gain YTD39.16448.33081%
P/E RatioN/AN/A-
Revenue684M1.11B61%
Total Cash1.85B957M193%
Total Debt1.12B591M189%
TECHNICAL ANALYSIS
Technical Analysis
CFLTESTC
RSI
ODDS (%)
N/A
Bearish Trend 1 day ago
85%
Stochastic
ODDS (%)
Bullish Trend 1 day ago
90%
Bearish Trend 1 day ago
79%
Momentum
ODDS (%)
Bearish Trend 1 day ago
83%
Bearish Trend 1 day ago
83%
MACD
ODDS (%)
Bearish Trend 1 day ago
80%
Bullish Trend 1 day ago
71%
TrendWeek
ODDS (%)
Bearish Trend 1 day ago
84%
Bearish Trend 1 day ago
76%
TrendMonth
ODDS (%)
Bearish Trend 1 day ago
84%
Bullish Trend 1 day ago
79%
Advances
ODDS (%)
Bullish Trend 17 days ago
81%
Bullish Trend 16 days ago
80%
Declines
ODDS (%)
Bearish Trend 1 day ago
85%
Bearish Trend 1 day ago
76%
BollingerBands
ODDS (%)
Bullish Trend 1 day ago
83%
Bearish Trend 1 day ago
87%
Aroon
ODDS (%)
N/A
Bearish Trend 1 day ago
81%
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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CFLT and

Correlation & Price change

A.I.dvisor indicates that over the last year, CFLT has been closely correlated with DDOG. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if CFLT jumps, then DDOG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CFLT
1D Price
Change %
CFLT100%
-2.64%
DDOG - CFLT
73%
Closely correlated
-0.90%
ESTC - CFLT
72%
Closely correlated
-0.86%
COIN - CFLT
71%
Closely correlated
-1.87%
NET - CFLT
71%
Closely correlated
-0.27%
BRZE - CFLT
68%
Closely correlated
-2.32%
More

ESTC and

Correlation & Price change

A.I.dvisor indicates that over the last year, ESTC has been closely correlated with CFLT. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESTC jumps, then CFLT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To ESTC
1D Price
Change %
ESTC100%
-0.86%
CFLT - ESTC
72%
Closely correlated
-2.64%
DDOG - ESTC
71%
Closely correlated
-0.90%
NET - ESTC
69%
Closely correlated
-0.27%
HUBS - ESTC
68%
Closely correlated
-1.45%
DT - ESTC
67%
Closely correlated
-2.43%
More