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Elastic N.V. - ESTC STOCK NEWS

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 globally recognized software company that specializes in transforming structured and unstructured data into actionable insights in real time. Founded in 2012, Elastic is best known for its flagship open-source projects, including Elasticsearch, Kibana, Beats, and Logstash, which collectively form the Elastic Stack (also known as the ELK Stack). These tools empower organizations to address critical use cases across enterprise search, observability, and security analytics.

Core Business Areas

Elastic's business model centers on providing software solutions that enable organizations to search, analyze, and visualize data in real time. Its primary offerings include:

  • Enterprise Search: Helping businesses build powerful search experiences for internal and external users.
  • Observability: Enabling monitoring and troubleshooting of applications, infrastructure, and systems to ensure operational efficiency.
  • Security Analytics: Providing tools for threat detection, incident response, and security operations to safeguard digital assets.

Revenue Model

Elastic monetizes its technology through a combination of subscription-based services, cloud offerings, and enterprise licensing. Its managed cloud service, Elastic Cloud, allows customers to deploy Elastic solutions on popular cloud platforms, including AWS, Google Cloud, and Microsoft Azure. Additionally, Elastic offers premium features and support through its proprietary X-Pack extensions, catering to enterprise clients with advanced needs.

Market Position and Competitive Landscape

Operating at the intersection of data management, analytics, and cybersecurity, Elastic occupies a unique position in the software industry. Its open-source roots and developer-friendly ecosystem have fostered a global community of over 80,000 members. Elastic's products have been downloaded more than 100 million times, underscoring their widespread adoption. The company serves a diverse range of industries, including technology, finance, healthcare, e-commerce, and media, with prominent clients such as Microsoft, Netflix, Uber, and Goldman Sachs.

Elastic faces competition from companies like Splunk (observability and security), Datadog (monitoring and analytics), and Snowflake (data warehousing). Its differentiation lies in its open-source foundation, flexibility, and ability to handle both structured and unstructured data at scale.

Challenges and Opportunities

As a company rooted in open-source technology, Elastic navigates the challenge of balancing community-driven innovation with commercial viability. The transition to cloud-based solutions presents both an opportunity for growth and a competitive challenge, as the market for cloud-native analytics and security tools becomes increasingly crowded. By leveraging its expertise in real-time data processing and its established brand, Elastic is well-positioned to address evolving enterprise needs.

Global Reach

Headquartered in Amsterdam, the Netherlands, and Mountain View, California, Elastic operates globally, with employees in over 30 countries. Its distributed workforce and community-driven approach have enabled it to scale effectively, serving thousands of organizations worldwide.

Conclusion

Elastic N.V. stands out as a key enabler of real-time data insights, offering versatile and scalable solutions for search, observability, and security. Its open-source origins, coupled with its commercial innovations, have made it an indispensable partner for enterprises looking to harness the power of their data. As organizations continue to prioritize data-driven decision-making, Elastic's role in the software ecosystem remains pivotal.

Rhea-AI Summary
Elastic (NYSE: ESTC) reports Q3 revenue of $328 million, up 19% year-over-year, with Elastic Cloud revenue at $143 million, up 29%. The company's GAAP operating loss was $26 million, with a non-GAAP operating income of $43 million. Cash, cash equivalents, and marketable securities stood at $1.015 billion as of January 31, 2024.
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Elastic (ESTC) to present at Morgan Stanley Conference on March 6, 2024. Webcast available on Investor Relations page.
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Elastic (NYSE: ESTC) will release its financial results for Q3 fiscal 2024 on January 31, 2024, after the U.S. market close. A conference call to review results and business outlook will follow.
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Former Cisco executive Mark Dodds joins Elastic (NYSE: ESTC) as chief revenue officer, bringing 23 years of global sales leadership experience to drive revenue growth and expand the leading search analytics platform. Dodds will oversee global go-to-market functions, including sales, customer success, solutions architecture, ecosystem and partnerships, and sales operations.
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Elastic (NYSE: ESTC) has completed the acquisition of Opster, the creators of AutoOps and other tools used to help users get more out of their Elastic deployments. This acquisition is expected to open up opportunities for Elastic users through AutoOps and Opster's operational tools.
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Elastic (NYSE: ESTC) reported Q2 revenue of $311 million, up 17% year-over-year, with Elastic Cloud revenue of $135 million, up 31% year-over-year. The GAAP operating loss was $22 million, while non-GAAP operating income was $41 million. The company expects total revenue for Q3 to be between $319 million and $321 million, representing 17% year-over-year growth at the midpoint.
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Elastic (ESTC) to Present at Barclays Global Technology Conference on December 7, 2023
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Elastic (NYSE: ESTC) Announces Q2 Fiscal 2024 Financial Results Release and Conference Call
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Elastic (NYSE: ESTC) announced a new two-year global Strategic Collaboration Agreement with Amazon Web Services (AWS) to integrate Amazon Bedrock into the Elastic AI Assistant, making it easier for customers to build and scale generative AI-powered applications. The first integration will be for security use cases, with observability use cases to follow. The Elastic AI Assistant allows users to interact with Elastic Security using natural language. The collaboration aims to provide greater choice and flexibility for customers to enhance their conversational AI experiences, strengthen customer service, and boost productivity.
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Elastic (NYSE: ESTC) Acquires Opster, Creator of AutoOps, to Enhance Elasticsearch® Capabilities. Opster's platform provides deep insights to automatically detect and resolve issues with cluster health, improve search performance, and reduce hardware costs. The acquisition aims to make Elastic's cloud offering more fully-managed and easier to operate.
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FAQ

What is the current stock price of Elastic N.V. (ESTC)?

The current stock price of Elastic N.V. (ESTC) is $107.15 as of March 3, 2025.

What is the market cap of Elastic N.V. (ESTC)?

The market cap of Elastic N.V. (ESTC) is approximately 11.9B.

What does Elastic N.V. do?

Elastic N.V. specializes in software solutions for real-time data search, analytics, and visualization, addressing enterprise search, observability, and security use cases.

How does Elastic generate revenue?

Elastic generates revenue through subscription services, cloud-based offerings like Elastic Cloud, and enterprise licensing for premium features and support.

What are Elastic's main products?

Elastic's main products include Elasticsearch, Kibana, Beats, and Logstash, collectively known as the Elastic Stack, which power solutions for search, observability, and security.

Who are Elastic's competitors?

Elastic competes with companies like Splunk, Datadog, and Snowflake in areas such as observability, security analytics, and data management.

What industries use Elastic's solutions?

Elastic's solutions are used across various industries, including technology, finance, healthcare, e-commerce, and media, by organizations such as Microsoft, Netflix, and Uber.

What is the Elastic Stack?

The Elastic Stack, also known as the ELK Stack, comprises Elasticsearch, Kibana, Beats, and Logstash, offering a unified platform for data search, analytics, and visualization.

What is Elastic Cloud?

Elastic Cloud is a managed service that allows customers to deploy Elastic's solutions on cloud platforms like AWS, Google Cloud, and Microsoft Azure.

What makes Elastic unique in its market?

Elastic's open-source roots, flexibility, and ability to handle both structured and unstructured data at scale differentiate it from competitors in the data analytics space.

Where is Elastic headquartered?

Elastic is headquartered in Amsterdam, the Netherlands, and Mountain View, California, with a global presence in over 30 countries.

What are Elastic's core business areas?

Elastic focuses on enterprise search, observability, and security analytics, providing tools for real-time data insights and operational efficiency.
Elastic N.V.

NYSE:ESTC

ESTC Rankings

ESTC Stock Data

11.87B
90.53M
15.6%
91.79%
2.93%
Software - Application
Services-prepackaged Software
Link
Netherlands
AMSTERDAM