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) announced updates to Elastic Security 7.11, enhancing protection for cloud applications and hosts. This release includes prebuilt machine learning jobs and detection rules for SaaS applications like Google Workspace and Microsoft 365, improving security operations workflows. Streamlined alert management allows analysts to respond quickly, with customizable notifications and integrations with tools like Slack and ServiceNow. The refreshed Timeline workspace aids in threat hunting and investigation, further enhancing SOC efficiency.
Elastic (NYSE: ESTC) has announced the general availability of searchable snapshots and the beta release of schema on read with runtime fields. These features aim to enhance data insights and cost efficiency in Elastic Enterprise Search, Observability, and Security solutions. The cold data tier in Elasticsearch 7.11 enables cost savings of up to 50% in infrastructure costs while maintaining performance. Additionally, runtime fields allow for flexible schema definition at query time, reducing the time to insight and optimizing costs.
Elastic (NYSE: ESTC) recently announced updates to its Elastic Cloud offering, including a new cold tier powered by searchable snapshots. This allows customers to reduce infrastructure costs by up to 50% while maintaining performance. The new autoscaling capabilities enable automatic resource adjustments for data and machine learning nodes. Enhanced cross-cluster replication (CCR) and cross-cluster search (CCS) improve data accessibility across clusters and cloud providers, enhancing search performance and availability.
Elastic (NYSE: ESTC) has introduced new features aimed at enhancing investigative workflows and efficiency for users. The updated Elastic APM now provides a service health overview to facilitate root cause analysis, while the new resource heatmap in Elastic Metrics streamlines infrastructure monitoring. Additionally, the Elastic Common Schema logging libraries are now available, allowing developers to improve application observability by linking application logs and traces. These updates are designed to reduce mean time to insight (MTTI) and mean time to resolution (MTTR) for users.
Elastic (NYSE: ESTC) has announced the general availability of a new alerting framework within Kibana, enhancing the monitoring capabilities of the Elastic Stack. This framework allows users to create and manage alerts across various systems, crucial for real-time issue detection. Integrated with platforms like PagerDuty and Microsoft Teams, it empowers users to respond quickly to operational changes. Initially launched in Elastic 7.7 and now standardized in version 7.11, this feature underscores Elastic's commitment to enabling businesses to monitor and protect their operations effectively.
Elastic (NYSE: ESTC) announced that Janesh Moorjani, its CFO, will present at two upcoming investor conferences. The conferences include the Truist 2021 Technology, Internet & Services Summit on March 10, 2021, at 10:00 a.m. PT / 1:00 p.m. ET and the Berenberg Cyber Security & DevOps Conference on March 12, 2021, at 9:00 a.m. PT / 12:00 p.m. ET. A live webcast and replay will be available on Elastic’s Investor Relations page. Founded in 2012, Elastic specializes in search technology and offers solutions for enterprise search, observability, and security.
Elastic (NYSE: ESTC) announced strong third-quarter fiscal 2021 results, with total revenue reaching $157.1 million, a 39% increase year-over-year. SaaS revenue surged 79% to $44.9 million, while calculated billings grew by 41% to $173.2 million. Deferred revenue rose 59% to $334.0 million. However, GAAP operating loss was $34.5 million. The company has over 13,800 subscription customers, with a net expansion rate above 130%. For fiscal 2021, they project total revenue between $589 million and $590 million amid expected COVID-19 impacts.
Elastic (NYSE: ESTC) announced new features across its Elastic Enterprise Search, Observability, and Security solutions, enhancing flexibility and cost efficiency. Key updates include the general availability of searchable snapshots, enabling data retention on low-cost object stores while reducing infrastructure costs by up to 50%. Users can now choose schema settings at query time, improving performance and cost management. The updates are aimed at providing deeper insights into operational and security metrics while allowing seamless data searches.
Elastic (NYSE: ESTC) will announce its financial results for Q3 of fiscal 2021 on February 24, 2021, following U.S. market close. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET on the same day to discuss the results and future business prospects. Investors and users can access a live webcast on the company's investor relations website, with a replay available for two months. Elastic specializes in search solutions and offers products for enterprise search, observability, and security, emphasizing real-time data usability.
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