Welcome to our dedicated page for Elastic N.V. news (Ticker: ESTC), a resource for investors and traders seeking the latest updates and insights on Elastic N.V. stock.
Elastic N.V. (symbol: ESTC) is a globally recognized software company that specializes in transforming structured and unstructured data into actionable insights in real time. Founded in 2012, Elastic is best known for its flagship open-source projects, including Elasticsearch, Kibana, Beats, and Logstash, which collectively form the Elastic Stack (also known as the ELK Stack). These tools empower organizations to address critical use cases across enterprise search, observability, and security analytics.
Core Business Areas
Elastic's business model centers on providing software solutions that enable organizations to search, analyze, and visualize data in real time. Its primary offerings include:
- Enterprise Search: Helping businesses build powerful search experiences for internal and external users.
- Observability: Enabling monitoring and troubleshooting of applications, infrastructure, and systems to ensure operational efficiency.
- Security Analytics: Providing tools for threat detection, incident response, and security operations to safeguard digital assets.
Revenue Model
Elastic monetizes its technology through a combination of subscription-based services, cloud offerings, and enterprise licensing. Its managed cloud service, Elastic Cloud, allows customers to deploy Elastic solutions on popular cloud platforms, including AWS, Google Cloud, and Microsoft Azure. Additionally, Elastic offers premium features and support through its proprietary X-Pack extensions, catering to enterprise clients with advanced needs.
Market Position and Competitive Landscape
Operating at the intersection of data management, analytics, and cybersecurity, Elastic occupies a unique position in the software industry. Its open-source roots and developer-friendly ecosystem have fostered a global community of over 80,000 members. Elastic's products have been downloaded more than 100 million times, underscoring their widespread adoption. The company serves a diverse range of industries, including technology, finance, healthcare, e-commerce, and media, with prominent clients such as Microsoft, Netflix, Uber, and Goldman Sachs.
Elastic faces competition from companies like Splunk (observability and security), Datadog (monitoring and analytics), and Snowflake (data warehousing). Its differentiation lies in its open-source foundation, flexibility, and ability to handle both structured and unstructured data at scale.
Challenges and Opportunities
As a company rooted in open-source technology, Elastic navigates the challenge of balancing community-driven innovation with commercial viability. The transition to cloud-based solutions presents both an opportunity for growth and a competitive challenge, as the market for cloud-native analytics and security tools becomes increasingly crowded. By leveraging its expertise in real-time data processing and its established brand, Elastic is well-positioned to address evolving enterprise needs.
Global Reach
Headquartered in Amsterdam, the Netherlands, and Mountain View, California, Elastic operates globally, with employees in over 30 countries. Its distributed workforce and community-driven approach have enabled it to scale effectively, serving thousands of organizations worldwide.
Conclusion
Elastic N.V. stands out as a key enabler of real-time data insights, offering versatile and scalable solutions for search, observability, and security. Its open-source origins, coupled with its commercial innovations, have made it an indispensable partner for enterprises looking to harness the power of their data. As organizations continue to prioritize data-driven decision-making, Elastic's role in the software ecosystem remains pivotal.
Elastic (NYSE: ESTC) has been recognized as a Major Player in the IDC MarketScape: Worldwide SIEM 2022 Vendor Assessment. This acknowledgment highlights their cloud, endpoint, automation, and SIEM tools as unified strengths. Elastic's platform offers a centralized view for threat detection and response, leveraging over 700 detection rules and more than 60 machine learning models. The report emphasizes Elastic's commitment to transparency and community support through an open GitHub repository.
Elastic (NYSE: ESTC) reported Q2 fiscal 2023 revenue of $264.4 million, a 28% increase year-over-year (34% on a constant currency basis). Elastic Cloud revenue surged 50% to $103.2 million. GAAP operating loss stood at $49.0 million, with a non-GAAP operating income of $4.9 million. The company announced a workforce reduction and cost optimizations to drive profitable growth, aiming for a 10% non-GAAP operating margin in fiscal 2024. The total subscription customer count rose to 19,700, while the net expansion rate was approximately 125%.
Elastic (NYSE: ESTC), the developer of Elasticsearch and the Elastic Stack, announced that CEO Ash Kulkarni will present at the Barclays Global Technology, Media and Telecommunications Conference on December 8, 2022, at 11:00 a.m. PT / 2:00 p.m. ET. A live webcast will be available on Elastic’s Investor Relations page, with a replay accessible for two months.
Elastic is recognized for its search-powered solutions, offering services in Enterprise Search, Observability, and Security, enabling organizations to enhance search experiences and protect against threats.
Elastic (NYSE: ESTC) will issue its financial results for Q2 fiscal 2023, ending on October 31, 2022, after the U.S. market closes on November 30, 2022. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and provide a business outlook. Interested parties can access a live webcast on Elastic's investor relations site, with a replay available for two months. As a leader in search-powered solutions, Elastic aims to enhance search experiences and ensure the smooth operation of critical applications.
Elastic (NYSE: ESTC) released the 2022 Global Threat Report, highlighting the evolving challenges in cybersecurity and identifying key risks associated with cloud security, particularly human error and credential access. The report shows that 33% of cloud attacks exploit credential access, with AWS providing the majority of telemetry data. Notably, CobaltStrike was responsible for 35% of Windows detections, underscoring the use of defensive tools by malicious actors. The findings stress the need for improved security strategies to combat increasingly sophisticated attacks.
Elastic (NYSE: ESTC) has appointed Barrie Sheers as Vice President for Asia-Pacific and Japan, aiming to accelerate business and cloud growth. Based in Singapore, Sheers will report to Chief Sales Officer Michael Cremen and focus on strategic initiatives and customer value. With over 20 years of experience, including roles at Microsoft and Dell, Sheers is expected to leverage his expertise to enhance customer relationships and drive growth in the rapidly evolving cloud market.
Elastic (NYSE: ESTC) has unveiled new features in its Elastic Observability solution, enhancing application and infrastructure visibility for customers.
This includes Universal Profiling, providing deep insights with minimal overhead, enabling performance optimization and cost savings. Early tests show potential CPU savings of 10% to 20% for applications.
The introduction of new synthetic monitoring capabilities allows for proactive user interaction simulations to quickly identify performance issues, streamlining operations for development teams.
Elastic (NYSE: ESTC) announced significant innovations in its Elastic Search Platform, enhancing data analytics capabilities. Key updates include automated Elastic Agent provisioning for AWS, improved search relevance via machine learning, and a new stateless architecture for enhanced resilience and scalability. The beta release of Universal Profiling™ and synthetic monitoring boosts cloud observability. Additionally, modernized security operations feature enhanced threat intelligence management. These advancements aim to help organizations leverage data insights effectively, addressing business challenges and accelerating digital transformation.
Kyndryl (NYSE: KD) and Elastic (NYSE: ESTC) have announced an expanded partnership aimed at providing customers with enhanced data-driven digital transformation initiatives. This collaboration focuses on creating joint solutions for full-stack observability, enabling organizations to search, analyze, and act on machine data across various computing environments. Key offerings include IT data modernization, intelligent analytics, and data migration services, leveraging Kyndryl’s infrastructure expertise and Elastic’s search solutions. This partnership aims to support clients in improving their IT operations management capabilities.
Elastic N.V. has reached a settlement with floragunn and Amazon regarding the use of Elastic's source code in Search Guard. floragunn admits to copyright violations, while Amazon had previously included the disputed code in its Elasticsearch-based products. Following the lawsuit, Amazon removed the contested code from its offerings. This agreement effectively resolves any claims from Elastic concerning third-party use of the infringing code, ensuring compliance and protecting Elastic's intellectual property rights.
FAQ
What is the current stock price of Elastic N.V. (ESTC)?
What is the market cap of Elastic N.V. (ESTC)?
What does Elastic N.V. do?
How does Elastic generate revenue?
What are Elastic's main products?
Who are Elastic's competitors?
What industries use Elastic's solutions?
What is the Elastic Stack?
What is Elastic Cloud?
What makes Elastic unique in its market?
Where is Elastic headquartered?
What are Elastic's core business areas?
