Elastic N.V. Stock Price, News & Analysis

Elastic (NYSE: ESTC) is set to announce its financial results for Q4 and fiscal 2022, ending April 30, 2022, after market close on June 1, 2022. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET to discuss the results and future outlook. Investors can access a live webcast via the Elastic investor relations website. Elastic specializes in search solutions for enterprise search, observability, and security, providing real-time data usability.

Elastic (NYSE: ESTC) has announced a strategic partnership with Tines to enhance security operations and response capabilities for joint customers. This alliance integrates Elastic's cloud-scale security features with Tines' no-code automation platform, enabling organizations to streamline their security workflows. Key benefits include reduced dwell times, faster responses, and lower false-positive rates. The collaboration allows security teams to automate workflows, make real-time decisions, and efficiently manage alerts in one platform, ultimately improving their security posture.

Elastic has deepened its partnership with Microsoft, focusing on enhancing the accessibility and functionality of Elastic Cloud on Azure. This multi-year agreement aims to bolster technology integration and co-selling efforts.

Key developments include expanding Elastic Cloud's global presence with new Azure regions across the Americas, Asia, and Africa, and simplifying operations for joint customers via Azure Marketplace account management and billing.

Elastic has launched new features for its Observability solution, enhancing visibility and performance in cloud-native environments. Key updates include tail-based sampling for better trace control and native support for AWS Lambda, enabling serverless trace collection. These enhancements aim to eliminate application performance blind spots while improving troubleshooting efficiency. The additions also allow for easier integration of custom logs, enhancing overall data ingestion flexibility and operational efficiency.

Elastic (NYSE: ESTC) has announced significant enhancements to its Elastic Search Platform, focusing on improving customer search experiences, accelerating cloud-native service troubleshooting, and streamlining security workflows. Key updates include the optimization of search capabilities with enhanced relevance-tuning tools, compliance with PCI DSS for secure payment data handling, and innovative features in Elastic Security for better alert contextualization. These advancements are aimed at providing organizations with faster insights and more efficient operations across various cloud services.

Elastic (NYSE: ESTC) has been recognized as a Strong Performer in The Forrester Wave™: Endpoint Detection and Response (EDR) Providers, Q2 2022. The evaluation covered 15 vendors based on 20 criteria, where Elastic excelled in both strategy and current offering. It received top scores in categories like product vision and user experience. Elastic emphasizes a consumption-based pricing model, aligning EDR with cloud computing. This recognition highlights Elastic's position in providing innovative security solutions to combat advanced cyber threats.

Elastic (NYSE: ESTC) announces significant enhancements to its Search Platform, focusing on cybersecurity and application development. The launch includes prebuilt detections against advanced threats and integrations with threat intelligence sources to streamline security investigations.

Additionally, it offers enhanced visibility into AWS Lambda and CI/CD pipelines for faster application development. Customers can achieve up to 20% faster indexing speeds and lower storage costs with new doc-value-only fields, while improved ad hoc analytics capabilities are also introduced.

Elastic (NYSE: ESTC) reported Q3 FY22 revenues of $223.9 million, a robust 43% increase year-over-year. Elastic Cloud revenue surged 79% year-over-year, reaching $80.4 million. However, the company faced a GAAP operating loss of $45.8 million with a margin of -20%. Non-GAAP metrics showed a slight operating profit of $0.2 million, while GAAP net loss per share stood at $0.61 and non-GAAP loss per share at $0.12. The company anticipates Q4 FY22 revenue between $230 million and $232 million, with a projected non-GAAP net loss per share of $0.24 to $0.20.

Elastic (NYSE: ESTC) will announce its financial results for the third quarter of fiscal 2022 on March 3, 2022, after market close. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and the business outlook. Investors can access a live webcast via the Elastic investor relations website, which will also host a replay for two months. Elastic is known for its Elasticsearch and the Elastic Stack, providing solutions for enterprise search, observability, and security.