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 N.V. (NYSE: ESTC) has priced its offering of $575 million in 4.125% senior notes due 2029, increasing the amount by $75 million from previous announcements. The offering is exempt from SEC registration and is set to close on July 6, 2021. Proceeds are intended for general corporate purposes, including potential acquisitions. The notes are restricted to qualified institutional buyers and non-U.S. persons. Forward-looking statements about the offering carry inherent risks, as completion is not guaranteed. For more, consult Elastic's SEC filings.
Elastic N.V. (NYSE: ESTC) plans to offer $500 million in senior notes due 2029 in a private offering exempt from the U.S. Securities Act registration. The net proceeds will be used for general corporate purposes, including capital expenditures and potential acquisitions. The offering targets qualified institutional buyers and non-U.S. persons. The notes will not be registered, and the offering is subject to market conditions and risks, with no guarantee of completion. Forward-looking statements indicate uncertainties that could affect outcomes.
Elastic (NYSE: ESTC) has released a Forrester Consulting study revealing that its Security and Observability solutions yield an average ROI of 358% over three years, with companies recouping their investment in under six months. The report highlights $19 million in quantified benefits, including significant reductions in operations and licensing costs. Key findings include up to 10X performance improvement, $5.9 million in infrastructure savings, and a 40% decrease in data breach risk, showcasing the effectiveness of Elastic’s platform in enhancing operational efficiency and security.
Elastic (NYSE: ESTC) reported strong fourth quarter and full fiscal year results for the period ending April 30, 2021. Q4 revenue reached $177.6 million, a 44% year-over-year increase, with SaaS revenue rising 77%. Full fiscal year revenue hit $608.5 million, up 42%. Despite revenue growth, GAAP operating loss was $129.5 million for the year. The company expects Q1 FY2022 revenue between $171 million and $173 million. CEO Shay Banon stated strong demand positions Elastic toward becoming a billion-dollar company by fiscal year 2023.
Elastic (NYSE: ESTC) announces updates in its Elastic Security 7.13 release, enhancing support for osquery, an open-source host instrumentation framework. A new beta feature allows security teams to manage osquery results efficiently, enabling easy orchestration across Windows, macOS, and Linux hosts. Users can ingest osquery data into Elasticsearch, facilitating live queries and centralized security analytics. Enhanced capabilities include prebuilt SQL queries and Kibana assistance for improved user experience.
Elastic (NYSE: ESTC) announced new features in its Elastic Enterprise Search 7.13 release, including Dropbox integrations and a beta version of the App Search precision tuning API. The updates allow for expanded content sources in Workplace Search, which will now support Dropbox Paper with full document permission synchronization. The new precision tuning API offers enhanced control over search result accuracy, and custom source management APIs improve data ingestion from various platforms.
Elastic (NYSE: ESTC) announced that Janesh Moorjani, CFO, will present at several upcoming virtual investor conferences:
- Bank of America Global Technology Conference on June 8, 2021, at 1:45 p.m. PT / 4:45 p.m. ET
- Stifel Cross Sector Insight Conference on June 9, 2021, at 1:00 p.m. PT / 4:00 p.m. ET
- Baird Global Consumer, Technology & Services Conference on June 10, 2021, at 12:10 p.m. PT / 3:10 p.m. ET
A live webcast will be available on Elastic’s Investor Relations page.
Elastic (NYSE: ESTC) has announced the release of new features in its Elastic Observability solution with the 7.13 update, enhancing integrations in Microsoft Azure. These updates include native Azure console integration, the beta release of Fleet Server, and improved troubleshooting views in Elastic APM. The integration allows users to onboard logs and metrics efficiently, while Fleet Server centralizes management of Elastic Agents. Enhancements also accelerate root cause analysis, thereby reducing mean-time-to-resolution (MTTR) for service-related issues.
Elastic (NYSE: ESTC) has unveiled new features in its Enterprise Search, Observability, and Security solutions within the Elastic Stack. Highlights include the launch of the frozen data tier, enabling cost-effective data searches on cloud storage, and the introduction of Kibana runtime fields editor for enhanced data analysis. Furthermore, Elastic's expanded partnership with Microsoft allows for deeper integration with Azure services. Other updates include supervised machine learning capabilities and integrations with Dropbox and Fleet Server for easier management.
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