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) reported strong Q1 FY22 results with total revenue of $193.1 million, a 50% year-over-year growth. Elastic Cloud revenue surged to $61.5 million, marking an 89% increase. Key metrics included 16,000 subscription customers and over 780 with ACV exceeding $100,000. The company experienced a GAAP net loss of $0.38 per share but achieved a non-GAAP EPS of $0.04. Financial guidance for Q2 projects revenue between $193 million and $195 million. Elastic also announced acquisitions and enhanced product offerings in security and search.
Elastic (NYSE: ESTC) has announced its acquisition of build.security, a policy definition and enforcement platform leveraging Open Policy Agent (OPA) technology, enhancing its security solutions. This move is aimed at extending Elastic’s Limitless Extended Detection and Response (XDR) capabilities, providing comprehensive security for cloud-native environments. The integration will allow for real-time security checks against established standards, further solidifying Elastic's leadership in security technology.
Elastic (NYSE: ESTC) will announce its financial results for Q1 fiscal 2022 on August 25, 2021, after market close. A conference call will follow at 2:00 p.m. PT/ 5:00 p.m. ET to discuss the results and future outlook. Investors can access the live webcast on Elastic's investor relations website, with a replay available for two months. Founded in 2012, Elastic provides solutions for enterprise search, observability, and security, enabling users to make data usable in real-time across various applications.
Elastic (NYSE: ESTC) has announced new features for the Elastic Stack and Elastic Cloud aimed at improving data management. The general availability of Elastic Agent, managed by Fleet, streamlines the integration of multiple data sources while enhancing endpoint security. New visualization capabilities in Kibana allow for faster ad hoc analytics. Furthermore, support for Microsoft Azure Private Link enhances data security with private connectivity. These updates are designed to simplify onboarding and management of data while meeting compliance requirements.
Elastic (NYSE: ESTC) announces enhancements in its Elastic Enterprise Search platform with the release of version 7.14. Key updates include a single management interface in Kibana for streamlined access to App Search and Workplace Search. Users can benefit from new precision tuning capabilities, enabling more effective search result customization. Additionally, the release introduces indexing flexibility and synonym support, allowing users to tailor search relevancy without reindexing. These improvements aim to enhance user experience and operational efficiency in enterprise search.
Elastic (NYSE: ESTC) has unveiled significant enhancements in its Elastic Observability 7.14 release, aimed at optimizing telemetry collection, bolstering security, and expediting application root cause analysis. Key features include the general availability of Elastic Agent, which simplifies telemetry collection and reduces costs. Additionally, Fleet offers centralized management of Elastic Agents, integrating security within deployment processes. Updates to APM correlations enhance service performance analysis, decreasing mean-time-to-resolution (MTTR) for users.
Elastic (NYSE: ESTC) has unveiled significant updates across its Elastic Enterprise Search, Observability, and Security solutions. Key highlights include the launch of Elastic Agent for streamlined data management, the first free Limitless Extended Detection and Response (XDR), and enhanced security features that improve ransomware prevention. Additionally, support for Microsoft Azure Private Link is now generally available, enabling private cloud connections. These advancements are aimed at enhancing user visibility and control over data, thus supporting organizations in innovation and growth.
Elastic (NYSE: ESTC) has launched the first free and open Limitless Extended Detection and Response (XDR) solution, enhancing its Elastic Security offerings. This innovative platform integrates security information management, analytics, and endpoint security to provide a unified security operation. With capabilities such as centralized analytics, automated threat detection, and visibility across multiple environments, it aims to streamline operations for organizations facing sophisticated cyber threats. The tool leverages years of data for improved threat response, making it a crucial asset for modern security teams.
Elastic (NYSE: ESTC) has been recognized as a Leader in The Forrester Wave™: Cognitive Search, Q3 2021, as announced in a recent press release. The evaluation highlighted Elastic's strengths in usability, ingestion intelligence, and scalability, awarding it the highest score in the strategy category. Elastic Enterprise Search is noted for simplifying enterprise-grade search experiences and enabling fast, affordable cognitive search solutions. This recognition reflects the company's commitment to innovative solutions that meet the evolving needs of its customers.
Elastic (NYSE: ESTC) announced its recognition in the 2021 Gartner Magic Quadrant for Security Information and Event Management (SIEM). This highlights Elastic Security's capabilities in threat detection, incident response, and analytics within a unified platform. The solution is noted for its scalability, flexibility, and user support, helping organizations to combat sophisticated attacks. Elastic Security received a high customer rating of 4.7 out of 5 based on 50 reviews on Gartner Peer Insights as of June 30, 2021.
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?
