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 announced significant enhancements to its Elastic Search Platform, focusing on improving customer search experiences, accelerating cloud-native service troubleshooting, and streamlining security workflows. Key updates include the optimization of search capabilities with enhanced relevance-tuning tools, compliance with PCI DSS for secure payment data handling, and innovative features in Elastic Security for better alert contextualization. These advancements are aimed at providing organizations with faster insights and more efficient operations across various cloud services.
Elastic (NYSE: ESTC) has been recognized as a Strong Performer in The Forrester Wave™: Endpoint Detection and Response (EDR) Providers, Q2 2022. The evaluation covered 15 vendors based on 20 criteria, where Elastic excelled in both strategy and current offering. It received top scores in categories like product vision and user experience. Elastic emphasizes a consumption-based pricing model, aligning EDR with cloud computing. This recognition highlights Elastic's position in providing innovative security solutions to combat advanced cyber threats.
Elastic (NYSE: ESTC) announces significant enhancements to its Search Platform, focusing on cybersecurity and application development. The launch includes prebuilt detections against advanced threats and integrations with threat intelligence sources to streamline security investigations.
Additionally, it offers enhanced visibility into AWS Lambda and CI/CD pipelines for faster application development. Customers can achieve up to 20% faster indexing speeds and lower storage costs with new doc-value-only fields, while improved ad hoc analytics capabilities are also introduced.
Elastic (NYSE: ESTC) reported Q3 FY22 revenues of $223.9 million, a robust 43% increase year-over-year. Elastic Cloud revenue surged 79% year-over-year, reaching $80.4 million. However, the company faced a GAAP operating loss of $45.8 million with a margin of -20%. Non-GAAP metrics showed a slight operating profit of $0.2 million, while GAAP net loss per share stood at $0.61 and non-GAAP loss per share at $0.12. The company anticipates Q4 FY22 revenue between $230 million and $232 million, with a projected non-GAAP net loss per share of $0.24 to $0.20.
Elastic (NYSE: ESTC) will announce its financial results for the third quarter of fiscal 2022 on March 3, 2022, after market close. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and the business outlook. Investors can access a live webcast via the Elastic investor relations website, which will also host a replay for two months. Elastic is known for its Elasticsearch and the Elastic Stack, providing solutions for enterprise search, observability, and security.
Elastic (NYSE: ESTC) has resolved its trademark dispute with Amazon regarding the term 'Elasticsearch.' The resolution will see Amazon remove the term from its website and service names, addressing market confusion caused by its use. Elastic had previously changed the license for Elasticsearch and Kibana to clarify its offerings. CEO Ashutosh Kulkarni emphasized the company's focus on collaboration with Amazon, showcasing strong momentum in their partnership, particularly in data workflows and subscription experiences in the AWS Marketplace.
Elastic (NYSE: ESTC) has unveiled Elastic 8.0, enhancing its Search Platform with native vector search and support for natural language processing (NLP) models. The updates aim to improve data onboarding and security for users. Key features include approximate nearest neighbor (ANN) capabilities for efficient querying of large datasets, an upgraded security framework, and a simplified onboarding experience on Elastic Cloud via AWS. These innovations are designed to deliver faster, relevant search results, streamline data ingestion, and protect customer data against unauthorized access.
Elastic (NYSE: ESTC) announced the promotion of Ashutosh Kulkarni to CEO, succeeding Founder Shay Banon, who reassumes the role of Chief Technology Officer. Kulkarni, who served as Chief Product Officer since January 2021, is credited with driving growth in Elastic's cloud business. The board's decision was influenced by Kulkarni's accomplishments in product innovation and customer success. Separately, Paul Appleby has stepped down as president of worldwide field operations. Elastic anticipates exceeding its guidance for revenue and other metrics for Q3 FY22, with results expected in March 2022.
Elastic (NYSE: ESTC) has announced updates to its Elastic Enterprise Search Solution in the 7.16 release, enhancing user experience and management capabilities. Key features include the beta release of curations powered by adaptive relevance, which allows automated tuning of search results based on user interactions. Additionally, Elastic App Search and Workplace Search are now available in Kibana for unified data visualization. The release also integrates support for Google Firebase, enabling seamless indexing for improved application search experiences.
Elastic (NYSE: ESTC) announced enhancements in its 7.16 release of Elastic Observability, designed to empower users to monitor their digital ecosystems more effectively. New features include curated data exploration views that simplify analysis without requiring technical knowledge, available for real user monitoring and synthetics. The Elastic Agent now offers centralized management and one-click integrations. Additionally, the release includes AWS FireLens integration for streamlined log management, and new certified apps on the ServiceNow Store enhance incident management workflows.
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?
