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.
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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.
Cyware, a leader in Virtual Cyber Fusion Center technology, announced a follow-on investment in its Series A funding round due to overwhelming demand for its platform. The funding round saw participation from prominent cybersecurity leaders like Greg Clark and Tom Noonan. Cyware aims to enhance its cybersecurity operations by leveraging advanced technologies, including security orchestration and automation, to support teams in optimizing security processes. This follows recent executive appointments to strengthen its leadership and growth strategy.
Elastic (NYSE: ESTC) announced a time change for its presentation at the Goldman Sachs Technology and Internet Conference to 3:10 p.m. PT on January 12, 2021. Janesh Moorjani, Elastic's CFO, will represent the company. A live webcast and replay will be available on Elastic’s Investor Relations page. Founded in 2012, Elastic provides enterprise search, observability, and security solutions, leveraging a single technology stack for real-time data usability.
Elastic (NYSE: ESTC) has appointed Ashutosh Kulkarni as its first Chief Product Officer (CPO). Kulkarni will lead engineering and product management, focusing on enhancing Elastic's Enterprise Search, Observability, and Security solutions, as well as advancing its cloud services. With over 20 years in enterprise software, his experience includes leadership roles at McAfee and Akamai. This appointment follows the recent additions of Sally Jenkins as Chief Marketing Officer and Paul Appleby as President of Worldwide Field Operations, further strengthening Elastic's executive team.
