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) 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.
Elastic (NYSE: ESTC) has expanded its strategic partnership with Microsoft, allowing customers to deploy and manage Elasticsearch directly within the Microsoft Azure portal. This integration facilitates enhanced capabilities, including rich search features, visibility into Azure performance, and security management. Azure customers can also enjoy simplified billing and support while leveraging Elastic's various solutions. CEO Shay Banon emphasized that this partnership will optimize and secure customer data through a unified platform that combines Enterprise Search, Observability, and Security.
Elastic (NYSE: ESTC) will announce its financial results for Q4 and fiscal 2021 on June 2, 2021, after U.S. market close. A conference call is scheduled for 2:00 p.m. PT/5:00 p.m. ET to discuss the results and business outlook. Investors can access a live webcast through the Elastic investor relations website, with a replay available for two months. Elastic, founded in 2012, focuses on enterprise search, observability, and security, providing solutions that make data usable in real time.
Swimlane and Elastic (NYSE: ESTC) have announced a strategic partnership to enhance security operations by integrating their platforms. This alliance aims to streamline security processes, significantly reducing time spent on threat containment and context-gathering tasks. Key enhancements include an extensible framework, improved metrics for incident resolution, and wider automation capabilities. The partnership aims to improve operational efficiency for global security teams, ultimately strengthening their cybersecurity posture through better utilization of security investments.
Elastic (NYSE: ESTC) has been recognized as a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring. This marks a significant milestone for the company, which offers a flexible observability solution built on the Elastic Stack. Its unique features include open and extensible platforms and unified resource-based pricing. Elastic APM has received a high customer rating of 4.7 out of 5 based on recent reviews. This recognition highlights Elastic's commitment to providing an effective alternative to traditional APM tools.
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?
