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 leading software company that empowers organizations worldwide with real-time insights by making structured and unstructured data usable for various applications. Founded in 2012, Elastic is the brainchild of the creators of Elasticsearch, Kibana, Beats, and Logstash—collectively known as the Elastic Stack. These open-source projects have grown into powerful tools for search, logging, security, and analytics use cases.
Elastic's global community boasts more than 80,000 members spread across 45 countries, reflecting its significant impact and reach. The company's products have been downloaded over 100 million times, showcasing their widespread adoption and reliability. Elastic's solutions are trusted by a plethora of high-profile organizations such as Cisco, eBay, Dell, Goldman Sachs, Groupon, HP, Microsoft, Netflix, The New York Times, Uber, Verizon, Yelp, and Wikipedia.
Elastic's offerings include the Elastic Stack, X-Pack, and Elastic Cloud, which are integral to mission-critical systems that drive new revenue streams and substantial cost savings. The company's primary focus areas are enterprise search, observability, and security, enabling businesses to glean actionable insights from their data.
Backed by substantial funding of over $104 million from Benchmark Capital, Index Ventures, and NEA, Elastic has its headquarters in Amsterdam, the Netherlands, and Mountain View, California. The company employs more than 400 people across 30 countries, emphasizing its global presence and collaborative work culture.
Recent achievements include continuous innovation and updates to their product suite, ensuring that Elastic remains at the forefront of the technology landscape. Elastic's commitment to open-source principles and community engagement continues to propel its growth and influence in the data management and analytics sectors.
Elastic (NYSE: ESTC) announced it will release its second quarter fiscal 2022 financial results after the U.S. market close on December 1, 2021. The report will cover the period ending October 31, 2021. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET the same day to discuss the results and future outlook. Investors can access a live webcast on Elastic's investor relations website, with a replay available for two months.
Elastic (NYSE: ESTC) has successfully acquired Optimyze, a platform specializing in continuous profiling of IT infrastructure, applications, and services. This acquisition aims to enhance Elastic's observability capabilities, integrating metrics, logs, traces, and continuous profiling to eliminate blind spots in IT ecosystems. Key Optimyze executives, including co-founders Thomas Dullien and Sean Heelan, will join Elastic. Financial terms of the deal remain undisclosed. This move positions Elastic to improve service quality and performance in complex distributed environments.
Elastic has been recognized as a Contender in the XDR market by Forrester Research in its report, The Forrester New Wave™: Extended Detection and Response (XDR) Providers, Q4 2021. This recognition comes ahead of the launch of Elastic's Limitless XDR, which integrates SIEM, security analytics, and endpoint security. Forrester highlights Elastic's customizable solutions as a key strength, emphasizing its adaptability for security teams. The Limitless XDR is designed to improve security operations by enabling comprehensive threat detection and response.
Elastic (NYSE: ESTC) has announced the acquisition of Optimyze, a continuous profiling platform, to enhance its observability capabilities. This move aims to provide customers with unified insights across metrics, logs, and traces, ultimately improving service quality. Optimyze’s technology allows for low-overhead profiling, enhancing Elastic's existing tools. The acquisition is anticipated to close during the fiscal second quarter, pending customary conditions. Financial terms remain undisclosed.
Elastic (NYSE: ESTC) has announced expanded integrations with Google Cloud, enhancing data ingestion capabilities directly into Elastic Cloud. Customers can now utilize Google Cloud Dataflow to ingest data from Google Cloud Storage, BigQuery, and Pub/Sub without operational overhead. Additionally, a new integration with Google Cloud Firestore allows for advanced search functionalities in Firebase applications, improving user experience. These innovations aim to simplify data pipelines and accelerate time to insights for users in various sectors.
Elastic hosted its second virtual ElasticON Global event, showcasing over 100 breakout sessions focused on Enterprise Search, Observability, and Security. Keynote speeches by CEO Shay Banon and CPO Ashutosh Kulkarni emphasized the potential of the Elastic Search Platform. Notable features included discussions with Microsoft executive Scott Guthrie on cloud innovation, and previews of upcoming solutions in Elastic Cloud. Innovations showcased included advancements in metrics storage and enhanced machine learning capabilities.
Elastic (NYSE: ESTC) announced the election of Shelley Leibowitz to its board of directors during the 2021 annual general meeting. Leibowitz, with over 30 years of IT and governance experience, has held key roles including CIO at Morgan Stanley and The World Bank. Her term will last until the end of the 2024 AGM. This strategic addition aims to bolster Elastic's expertise in digital transformation and information security, aligning with the company's mission to enhance enterprise search, observability, and security solutions.
Elastic (NYSE: ESTC) has been recognized as the Best Technology Company for Women in 2021 by Fairygodboss, marking its second consecutive year receiving accolades across three workplace categories. The company also earned the titles of Best Company for Women (overall) and Best Company Where CEOs Support Gender Diversity. These awards are based on feedback from women about their experiences at Elastic. Leah Sutton, SVP of Global Human Resources, highlighted the company's commitment to inclusivity and equal pay as key aspects of their workplace culture.
Elastic (NYSE: ESTC) has announced new capabilities in the Elastic Stack and Elastic Cloud aimed at simplifying data management and enhancing customer onboarding. Key features include integration with Google Cloud Dataflow for faster data ingestion and support for Google Private Service Connect for secure connectivity. Enhancements in Elasticsearch and Kibana offer flexible schema options for data exploration. These updates are designed to help users gain quicker insights and streamline data onboarding processes.
Elastic, trading under the symbol ESTC, has announced the launch of expanded Extended Detection and Response (XDR) capabilities in its Elastic Security solution with version 7.15. This update introduces enhanced protection against malicious behaviors for Windows, macOS, and Linux systems, including new memory threat protection for Windows and host isolation for cloud-native Linux environments. The enhancements aim to improve security analytics and response, mitigating advanced cyber threats preemptively.
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?
When was Elastic N.V. founded?
What are the main products of Elastic N.V.?
Who are some notable customers of Elastic N.V.?
How many times have Elastic's products been downloaded?
Where are the headquarters of Elastic N.V. located?
How many employees does Elastic N.V. have?
What areas does Elastic N.V. focus on?
Who are the investors backing Elastic N.V.?
What recent achievements has Elastic N.V. accomplished?
