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.
Company Overview
Elastic N.V. is a pioneering software company that specializes in transforming both structured and unstructured data into real-time, actionable insights. With its comprehensive suite of tools tailored for search, logging, security, and analytics, Elastic has established itself as a critical provider in the realm of enterprise software solutions. The company leverages a unique fusion of open source innovation and enterprise-grade developments to offer high-performance applications that serve a diverse set of industries.
Products and Technologies
At its core, Elastic offers a robust ecosystem built around its renowned software stack. Integral to its offerings are:
- Enterprise Search Solutions: Software that enables rapid indexing and retrieval of data from multiple sources.
- Observability and Logging Tools: Platforms designed for the collection, analysis, and visualization of log data, supporting operational monitoring and troubleshooting.
- Security Analytics: Applications focused on detecting, analyzing, and responding to security incidents by harnessing real-time data analysis.
- Cloud Services: Elastic Cloud solutions offer scalable, managed deployments that combine the flexibility of open source with the dependability of enterprise support.
Market Position and Competitive Landscape
Elastic occupies a well-defined niche where it addresses the growing need for efficient data processing and search capabilities in modern digital enterprises. The company operates in an industry characterized by significant competition, where its open source roots provide a strong community and a vast repository of innovative contributions. This approach not only fosters continuous improvement but also facilitates widespread integration across various sectors. Elastic collaborates with numerous global organizations, which underscores its capacity to support mission-critical systems and deliver substantial cost savings and revenue-enhancing opportunities.
Business Model and Revenue Generation
The company derives its revenue through a hybrid model that includes both subscription-based services and licensing agreements. A key element of its strategy involves the monetization of advanced software features that augment its open source offerings. Through both on-premises installations and managed cloud solutions, Elastic delivers flexible deployments that cater to the unique demands of varied enterprise environments. This multi-channel approach enables the company to serve small-medium businesses and large multinational corporations alike, ensuring adaptability and responsive support across different operational scales.
Innovation Through Open Source and Community Engagement
Elastic is renowned for its open source heritage, which continues to play a vital role in its innovation strategy. The company actively fosters a global community of developers, users, and contributors who collaborate on a vibrant ecosystem of tools and technologies. This community-driven model not only enhances the company’s product features but also ensures that the software remains at the cutting edge of industry trends. By inviting continuous feedback and contributions, Elastic reinforces trust and bolsters its reputation for technical expertise.
Operational Excellence and Technical Expertise
Elastic's solutions are built upon advanced data indexing, search, and analytics algorithms that support both real-time operations and long-term data analysis. With a focus on performance, scalability, and reliability, Elastic addresses the complex demands of enterprise environments. Its technical foundation is designed to process vast volumes of data at high speed, a feature that is critical for organizations seeking to derive strategic insights from ever-growing and diverse data sources.
Customer Base and Global Impact
Elastic’s software solutions are utilized across a broad spectrum of industries, including technology, finance, healthcare, and retail. The adaptability of its software ensures that organizations of varying sizes—from innovative startups to established global enterprises—can derive significant operational benefits. In addition to powering mission-critical systems, Elastic’s solutions help organizations streamline operations, improve security postures, and uncover hidden value in their data. This global impact is further reinforced by the company’s expansive community and its commitment to fostering innovation through open dialogue and collaboration.
Integration and Interoperability
One of the standout features of Elastic’s technology is its ability to seamlessly integrate with a wide range of existing systems and data sources. Whether deployed as an on-premises solution or via the cloud, Elastic’s software is engineered for interoperability, supporting diverse data formats and protocols. This flexibility enables organizations to implement comprehensive data strategies without the friction of disparate systems or legacy technologies. The company’s approach ensures that its products remain relevant and easily adaptable in complex, multi-vendor IT environments.
Summary
In summary, Elastic N.V. is a sophisticated provider of enterprise software solutions that transform how organizations interact with data. With an emphasis on real-time search, logging, security, and analytics, its versatile product suite is designed to leverage the full spectrum of data capabilities in modern enterprise settings. By combining elements of open source innovation, community engagement, and robust technical expertise, Elastic continues to empower organizations worldwide to achieve operational excellence and drive actionable insights from complex data environments.
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.
Elastic (NYSE: ESTC) announced that Janesh Moorjani, the company's chief financial officer, will present at the virtual Goldman Sachs Technology and Internet Conference on January 12, 2021, at 11:50 a.m. PT / 2:50 p.m. ET. A live webcast and replay will be accessible on Elastic’s Investor Relations page. Founded in 2012, Elastic specializes in enterprise search, observability, and security solutions, leveraging a unified technology stack for real-time data usability across various applications.
Elastic (NYSE: ESTC) reported robust second quarter fiscal 2021 results, achieving a total revenue of $144.9 million, up 43% year-over-year. SaaS revenue surged 81% to $37.4 million, while calculated billings rose 42% to $177.7 million. Deferred revenue reached $309.2 million, indicating a 54% increase. Despite a GAAP operating loss of $28.4 million, the subscription customer count grew to over 12,900. For Q3 fiscal 2021, revenue guidance is projected between $145 million and $147 million, reflecting potential impacts from the COVID-19 pandemic.
Elastic (NYSE: ESTC) has announced that its founder and CEO, Shay Banon, will present at the Barclays Global Technology, Media, and Telecommunications Conference on December 9, 2020, at 10:30 a.m. PT/1:30 p.m. ET. A live webcast will be accessible on Elastic's Investor Relations page, with a replay available for two months. Elastic, founded in 2012, specializes in enterprise search, observability, and security, utilizing a unified technology stack. The company advocates for open-source solutions, making data usable in real-time for various applications.
Elastic (NYSE: ESTC) will announce its financial results for Q2 fiscal 2021, ending October 31, 2020, on December 2, 2020, after U.S. market close. A conference call to discuss these results is scheduled for 2:00 p.m. PT/5:00 p.m. ET on the same day. The call will be accessible via live webcast on the Elastic investor relations site. A replay will be available for two months. Elastic specializes in search solutions and provides products for enterprise search, observability, and security built on a unified technology stack.
Elastic, trading as ESTC on the NYSE, has unveiled new features for Elastic Observability, enhancing user experience monitoring and synthetic testing to optimize digital interactions. The newly introduced User Experience app in Kibana provides insights into essential metrics like paint time and Core Web Vitals. Additionally, a dev preview of synthetic monitoring allows for complex user flow simulations. These advancements aim to improve customer satisfaction, reduce service costs, and boost conversion rates, aligning with findings from McKinsey Digital that emphasize the value of enhanced customer experiences.