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. (NYSE: ESTC) delivers cutting-edge solutions for search, security, and data analytics, empowering enterprises to transform complex data into actionable insights. This dedicated news hub provides investors and technology professionals with essential updates directly from the company and verified sources.
Access official press releases detailing product innovations, financial results, and strategic partnerships. Our curated collection includes analysis of Elastic's advancements in observability tools, cloud services, and enterprise search capabilities - critical components of modern data infrastructure.
Key coverage areas include quarterly earnings disclosures, security solution updates, and technology partnership announcements. Stay informed about Elastic's open source developments and enterprise software enhancements that drive operational efficiency across industries.
Bookmark this page for streamlined access to Elastic's latest business developments. Regularly updated with verified information, this resource supports informed analysis of the company's market position and technological leadership in real-time data processing solutions.
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.
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.
