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), the Search AI Company, has joined the Content Authenticity Initiative (CAI) to combat digital misinformation and promote transparency in AI-generated content. The CAI, founded by Adobe in 2019, now includes over 2,000 media and technology companies. Elastic's participation will leverage its expertise in search and large-scale data analysis to address the growing challenge of misinformation.
Carolyn Herzog, Elastic's chief legal officer, emphasized the importance of content authenticity in today's digital landscape, stating that their involvement will help build a more trustworthy online ecosystem. By joining the CAI, Elastic aims to provide users with tools to distinguish between fact and fiction in the digital realm.
Elastic (NYSE: ESTC) has introduced Automatic Import, a new feature that accelerates the migration of custom data sources from legacy logs solutions to AI-driven log analytics. This innovation automates the migration process in less than ten minutes, addressing the challenges faced by SRE teams managing the explosion of applications and telemetry data.
The feature utilizes Large Language Models (LLMs) to automate the creation of custom connectors, significantly reducing the time required for data collection and issue analysis. Additionally, Elastic has launched the Express Migration program, an incentive initiative designed to facilitate faster adoption of Elastic Observability for logging and application performance monitoring (APM) use cases.
Elastic (NYSE: ESTC) reported its Q1 fiscal 2025 financial results, showing strong growth but facing challenges. Total revenue reached $347 million, up 18% year-over-year, while Elastic Cloud revenue grew 30% to $157 million. Despite outperforming guidance, the company experienced a slower start due to segmentation changes impacting customer commitments. GAAP operating loss was $34 million, with a non-GAAP operating income of $37 million. The company maintains a strong financial position with $1.147 billion in cash and equivalents. Elastic is seeing momentum in GenAI adoption but has adjusted its fiscal 2025 outlook, projecting total revenue between $1.436 billion and $1.444 billion, representing 14% year-over-year growth at the midpoint.
Elastic (NYSE: ESTC) has announced the addition of the GNU Affero General Public License v3 (AGPL) as a licensing option for a subset of Elasticsearch and Kibana source code. This OSI-approved open source license will be available alongside the existing Server Side Public License 1.0 (SSPL 1.0) and Elastic License 2.0 (ELv2). The move aims to officially classify Elasticsearch and Kibana as open source, enabling users to use, modify, redistribute, and collaborate on Elastic's source code under a well-known open source license.
This change is expected to increase engagement and adoption, particularly in areas like vector search and GenAI applications. Importantly, the addition of AGPL does not affect existing users of SSPL or ELv2, nor does it impact Elastic's binary distributions or client libraries, which will continue to be licensed under Apache 2.0.
Elastic (NYSE: ESTC), the Search AI Company, has announced its management's participation in three upcoming investor conferences in September 2024:
- Citi Global TMT Conference on September 4 at 9:30 a.m. PT / 12:30 p.m. ET
- Goldman Sachs Communacopia & Technology Conference on September 9 at 3:05 p.m. PT / 6:05 p.m. ET
- Piper Sandler Growth Frontiers Conference on September 11 at 7:30 a.m. PT / 10:30 a.m. ET
Live webcasts and replays of these events will be available on Elastic's Investor Relations page at ir.elastic.co. This announcement highlights Elastic's commitment to engaging with investors and sharing insights about the company's performance and future prospects.
Elastic (NYSE: ESTC) has announced that its Elasticsearch Open Inference API now integrates with Anthropic's Claude models, including Claude 3.5 Sonnet, Claude 3 Haiku, and Claude 3 Opus. This integration allows developers to access Claude models directly from their Anthropic account, enabling real-time analysis of proprietary data and generation of business insights.
The collaboration aims to help customers build efficient and reliable AI applications. Key features include support for inference during ingestion pipelines and the ability to generate and store answers to frequently asked questions, which can help minimize latency and costs. The integration is available immediately, offering developers a powerful tool for AI-driven search and analytics.
Elastic (NYSE: ESTC) has announced support for Google Cloud's Vertex AI platform and Gemini models in its Elastic Attack Discovery and AI Assistant for Security. This integration provides security analysts with additional large language model (LLM) options to enhance their threat detection and response capabilities.
The collaboration aims to streamline security operations workflows by leveraging Google Cloud's Gemini 1.5 model via the Vertex AI platform. This integration enables improved contextual understanding of threats and offers enhanced analysis capabilities for security professionals.
Elastic Security Labs is actively developing and optimizing detection rules for Vertex AI and other leading technologies. The support for Google Cloud's Gemini 1.5 model via Vertex AI is available immediately.
Elastic (NYSE: ESTC) has partnered with LangChain to develop AI-driven security innovations for SOC teams. This collaboration has led to the creation of features like Automatic Import, Attack Discovery, and Elastic Assistant for Security on the Elastic Search AI Platform. These features aim to streamline user migration to AI-driven security analytics and expedite security operations workflows.
The integration leverages LangChain and LangGraph to enhance the Elastic AI Assistant's ability to understand complex security scenarios, identify attacks, and create accurate data integrations. Users can integrate these features with their preferred LLM through the Elastic Open Inference API and LangChain's chat model ecosystem.
Elastic (NYSE: ESTC), the Search AI Company, has announced it will release its financial results for the first quarter of fiscal 2025, ended July 31, 2024, after the U.S. market close on Thursday, August 29, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET on the same day to review its financial results and business outlook. Investors can access a live webcast of the conference call from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months following the call.
Elastic (NYSE: ESTC) has introduced Elastic Distributions of OpenTelemetry (EDOT), a portfolio of OpenTelemetry (OTel) components designed to enhance infrastructure and application monitoring. EDOT offers deeper insights, troubleshooting capabilities, and enterprise-grade support from Elastic. The portfolio includes the Elastic Distribution of OpenTelemetry Collector and Elastic Distributions of Language Software Development Kits (SDKs) supporting Java, Python, NodeJS, .NET, iOS, and Android.
EDOT brings additional application performance monitoring (APM) capabilities from Elastic's APM agents into OTel language SDKs while maintaining seamless integration with Elastic Observability. Elastic plans to release OTel versions of its APM agents and continue adding language SDKs mirroring OTel. EDOT is currently available in tech preview, with details and documentation accessible in Elastic's public OpenTelemetry GitHub repository.
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