Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. The company's Elastic Stack product comprises Elasticsearch, a distributed, real-time search and analytics engine, and data store for various types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the Elastic Stack; Beats, a single-purpose data shippers for sending data from edge machines to Elasticsearch or Logstash; Elastic Agent that includes integrated host protection and central management services; and Logstash, a data processing pipeline for ingesting data into Elasticsearch or other storage systems. It also provides software solutions on the Elastic Stack that address cases, including app search, site search, workplace search, logging, metrics, application performance management, business analytics, and security analytics. Its products are used by individual developers and organizations of a range of industries. Elastic N.V. has a strategic partnership with Confluent, Inc. to enhance existing product integrations and jointly develop new capabilities that helps users to combine the benefits of the Elastic Stack and Kafka. The company was incorporated in 2012 and is headquartered in Mountain View, California.
IPO Year: 2018
Exchange: NYSE
Website: elastic.co
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/17/2025 | $108.00 | Neutral | Cantor Fitzgerald |
| 12/17/2024 | $130.00 | Overweight | Morgan Stanley |
| 11/25/2024 | $135.00 | Neutral → Outperform | Wedbush |
| 11/22/2024 | $125.00 → $140.00 | Outperform | Oppenheimer |
| 11/22/2024 | $95.00 → $135.00 | Neutral → Outperform | Robert W. Baird |
| 10/14/2024 | Mkt Perform → Outperform | William Blair | |
| 10/7/2024 | $90.00 → $95.00 | Equal Weight → Overweight | Barclays |
| 9/11/2024 | $100.00 | Buy | Guggenheim |
| 8/30/2024 | $140.00 → $94.00 | Buy → Neutral | BofA Securities |
| 8/30/2024 | $135.00 → $95.00 | Outperform → Neutral | Robert W. Baird |
Q2 Revenue of $365 million, up 18% year-over-year (17% in constant currency) Q2 Elastic Cloud Revenue of $169 million, up 25% year-over-year (25% in constant currency) Announces Chief Financial Officer Transition Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its second quarter of fiscal 2025 ended October 31, 2024. Second Quarter Fiscal 2025 Financial Highlights Total revenue was $365 million, an increase of 18% year-over-year, or 17% on a constant currency basis Elastic Cloud revenue was $169 million, an increase of 25% year-over-year, as reported and on a constant currency basis GAAP operating loss was $4 million; GAAP
Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced that it will release its financial results for its second quarter fiscal 2025 ended October 31, 2024 after the U.S. market close on Thursday, Nov 21, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months. About Elastic Elastic (NYSE:ESTC), the Search AI Company, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic's solu
Q1 Revenue of $347 million, up 18% year-over-year (18% in constant currency) Q1 Elastic Cloud Revenue of $157 million, up 30% year-over-year (30% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its first quarter of fiscal 2025 ended July 31, 2024. First Quarter Fiscal 2025 Financial Highlights Total revenue was $347 million, an increase of 18% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $157 million, an increase of 30% year-over-year, as reported and on a constant currency basis GAAP operating loss was $34 million; GAAP operating margin was -10% Non-GAAP ope
Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced that it will release its financial results for its first quarter fiscal 2025 ended July 31, 2024 after the U.S. market close on Thursday, Aug 29, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months. About Elastic Elastic (NYSE:ESTC), the Search AI Company, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic's solut
Q4 Revenue of $335 million, up 20% year-over-year (20% in constant currency) Q4 Elastic Cloud Revenue of $148 million, up 32% year-over-year (32% in constant currency) FY24 Revenue of $1.267 billion, up 19% year-over-year (18% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2024. Fourth Quarter Fiscal 2024 Financial Highlights Total revenue was $335 million, an increase of 20% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $148 million, an increase of 32% year-over-year, as reported and on a constant currency basis GAA
Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced that it will release its financial results for its fourth quarter and fiscal 2024 ended April 30, 2024 after the U.S. market close on Thursday, May 30, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months. About Elastic Elastic (NYSE:ESTC), the Search AI Company, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic's
Q3 Revenue of $328 million, up 19% year-over-year (18% in constant currency) Q3 Elastic Cloud Revenue of $143 million, up 29% year-over-year (29% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its third quarter of fiscal 2024 ended January 31, 2024. Third Quarter Fiscal 2024 Financial Highlights Total revenue was $328 million, an increase of 19% year-over-year, or 18% on a constant currency basis Elastic Cloud revenue was $143 million, an increase of 29% year-over-year as reported and on a constant currency basis GAAP operating loss was $26 million; GAAP operating margin was -8% Non-GAAP operating i
Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced that it will release its financial results for its third quarter fiscal 2024 ended January 31, 2024 after the U.S. market close on Thursday, February 29, 2024. The company will host a conference call at 2:00 p.m. PT/ 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast and replay of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. About Elastic Elastic (NYSE:ESTC) is a leading platform for search-powered solutions. Elastic understands it's the answers, not just the data. The Elasticsearch platform enables anyone to find
Companies join forces to help users take charge of their search operations Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced it has completed the acquisition of Opster, the creators of AutoOps and other tools used to help users get more out of their Elastic deployments. "I'm excited to welcome Ziv Segal and the Opster team as we continue our journey to make search better," said Ken Exner, chief product officer, Elastic. "Joining forces will open up opportunities initially through AutoOps, which helps Elastic users detect and remediate issues, and as we look to apply Opster's set of operational tools to future innovations." For more information about E
Q2 Revenue of $311 million, up 17% year-over-year (16% in constant currency) Q2 Elastic Cloud Revenue of $135 million, up 31% year-over-year (30% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its second quarter of fiscal 2024 ended October 31, 2023. Second Quarter Fiscal 2024 Financial Highlights Total revenue was $311 million, an increase of 17% year-over-year, or 16% on a constant currency basis Elastic Cloud revenue was $135 million, an increase of 31% year-over-year, or 30% on a constant currency basis GAAP operating loss was $22 million; GAAP operating margin was -7% Non-GAAP operating income
Cantor Fitzgerald initiated coverage of Elastic with a rating of Neutral and set a new price target of $108.00
Morgan Stanley initiated coverage of Elastic with a rating of Overweight and set a new price target of $130.00
Wedbush upgraded Elastic from Neutral to Outperform and set a new price target of $135.00
Oppenheimer reiterated coverage of Elastic with a rating of Outperform and set a new price target of $140.00 from $125.00 previously
Robert W. Baird upgraded Elastic from Neutral to Outperform and set a new price target of $135.00 from $95.00 previously
William Blair upgraded Elastic from Mkt Perform to Outperform
Barclays upgraded Elastic from Equal Weight to Overweight and set a new price target of $95.00 from $90.00 previously
Guggenheim initiated coverage of Elastic with a rating of Buy and set a new price target of $100.00
Robert W. Baird downgraded Elastic from Outperform to Neutral and set a new price target of $95.00 from $135.00 previously
BofA Securities downgraded Elastic from Buy to Neutral and set a new price target of $94.00 from $140.00 previously
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Elastic (NYSE:ESTC), the Search AI Company, announced that its management will present at the 27th Annual Needham Growth Conference on Thursday, January 16, 2025, at 12:00 p.m. PT / 3:00 p.m. ET. A live webcast and replay of the event will be available on Elastic's Investor Relations page at ir.elastic.co. About Elastic Elastic (NYSE:ESTC), the Search AI Company, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic's solutions for search, observability and security are built on the Elastic Search AI Platform, the development platform used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co. El
Security and observability teams now benefit from reduced storage expenses and longer log retention to support their threat hunting, incident response, and compliance requirements Elastic (NYSE:ESTC), the Search AI Company, announced the general availability of Elasticsearch logsdb index mode. This latest innovation in log management reduces the storage footprint of log data by up to 65% compared to recent versions of Elasticsearch without logsdb index mode. Now, security and observability teams have increased visibility while keeping all data immediately accessible for analysis. "Logs are critical for detection and remediation, but the growing log volume generated by infrastructure and
New cross-encoder reranking model amplifies search experiences through semantic boosting and no required reindexing Elastic (NYSE:ESTC), the Search AI Company, announced Elastic Rerank, a cross-encoder reranking model that offers powerful semantic search capabilities with no required reindexing, and high relevance, top performance, and efficiency for text search. Developers can now semantically boost keyword search with little to no change to how data is indexed and searched, providing flexibility and control over costs. "Reranking models provide a semantic boost to any search experience," said Steve Kearns, general manager, Search at Elastic. "Building a reranking model into the Elasti
Elastic Security eliminates the need for a separate cloud detection and response tool, reducing tool fragmentation and streamlining cloud security posture Elastic (NYSE:ESTC), the Search AI Company, announced Elastic Security now offers expanded cloud detection and response (CDR) capabilities from a single SIEM to reduce tool fragmentation and streamline cloud security. The additional features include agentless ingestion, cloud asset inventory, extended protections, and graph view that enables out-of-the-box correlation and context enrichment using customers' existing data. Legacy security solutions have complex workflows and lack cloud-specific context, making them inadequate for the s
Elastic recognized as the AWS Global Generative AI Infrastructure and Data Partner of the Year Elastic (NYSE:ESTC), the Search AI Company, announced today it is a recipient of a 2024 Geography and Global AWS Partner Award, recognizing leaders that are playing key roles in helping their customers drive innovation and build solutions on Amazon Web Services (AWS). Elastic was named the Global Generative AI Infrastructure and Data Partner of the Year, which recognizes top technology partners with the Generative AI Competency that support vector embeddings data storage and management, or synthetic data generation in various formats. Announced during the Partner Awards Gala at AWS re:Invent 2
The new stateless Elasticsearch architecture is optimized for real-time search on limitless data to scale security, observability and search without operational overhead Elastic (NYSE:ESTC), the Search AI Company, today announced the general availability of its Elastic Cloud Serverless powered by a re-architectured Elasticsearch that is built on an industry-first Search AI Lake optimized for real-time applications. It combines vast storage with low-latency querying and all of the strengths of Elasticsearch's AI and search capabilities. "The need for scalability within search has never been more prevalent," said Maribel Lopez, Founder & Principal Analyst of Lopez Research. "Serverless ar
SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ:ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE:ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim c
Elastic (NYSE:ESTC), the Search AI Company, announced today it is strengthening its relationship with Amazon Web Services (AWS) by leveraging the latest generative artificial intelligence (AI) services from AWS. As part of this collaboration, Elastic is offering large language model (LLM) observability support for Amazon Bedrock in Elastic Observability. Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies via a single API, along with a broad set of capabilities organizations need to build generative AI applications with security, privacy, and responsible AI. The new integration offers Site Reliability Engineer
Q2 Revenue of $365 million, up 18% year-over-year (17% in constant currency) Q2 Elastic Cloud Revenue of $169 million, up 25% year-over-year (25% in constant currency) Announces Chief Financial Officer Transition Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its second quarter of fiscal 2025 ended October 31, 2024. Second Quarter Fiscal 2025 Financial Highlights Total revenue was $365 million, an increase of 18% year-over-year, or 17% on a constant currency basis Elastic Cloud revenue was $169 million, an increase of 25% year-over-year, as reported and on a constant currency basis GAAP operating loss was $4 million; GAAP
Elasticsearch vector database integrations with industry-leading AI technology give developers best-in-class resources to expedite the deployment of RAG applications Elastic (NYSE:ESTC), the Search AI Company, announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications. The Elastic AI Ecosystem provides developers with a curated, comprehensive set of AI technologies and tools integrated with the Elasticsearch vector database, designed to speed time-to-market, ROI delivery, and innovation. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114
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SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ:ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE:ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim c
Former Cisco executive joins Elastic to help spearhead company's continued growth Elastic® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Mark Dodds as chief revenue officer, effective immediately. Reporting to Elastic CEO Ash Kulkarni, Dodds will be responsible for driving all aspects of the company's revenue growth, building on its ongoing success as the leading search analytics platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211976269/en/Mark Dodds, Chief Revenue Officer, Elastic (Photo: Busines Wire) Dodds brings extensive global sales leadership experience to the
Elastic and Opster join forces to help users take charge of their search operations Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced an agreement to acquire Opster, the creators of AutoOps, a powerful platform that provides deep insight to automatically detect and resolve issues with cluster health, improve search performance, and reduce hardware costs. "We are excited to welcome the Opster team to Elastic," said Ken Exner, chief product officer, Elastic. "Opster will help our users get more out of their Elastic deployments and is part of multiple efforts underway to make our cloud offering more fully-managed and easier to operate." "Having been long
Former Datadog Vice President of Product Joins Elastic to Drive the Next Generation of AI-Powered Observability Elastic® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Abhishek Singh as general manager for Observability. Singh will oversee the evolution of Elastic Observability, which converges all types of telemetry data, including metrics, logs, and traces for unified visibility and actionable AI-powered insights. He will help spearhead the delivery of rapid advancements like the Elastic AI Assistant for Observability, which leverages the power of generative AI and an organization's own proprietary data to make problem resolution faster
Ascend grows regional presence to better serve growing data management needs MENLO PARK, Calif., July 26, 2023 /PRNewswire/ -- Ascend.io, the leader in data pipeline automation, today announced the appointment of Jeremy Poon as Head of APAC Sales, in addition to a number of sales and support hires for the Asia-Pacific region to better serve its global customer base, which includes Serko, Ports of Auckland, and Tonkin & Taylor. Poon comes to Ascend from Elastic (NYSE:ESTC) and is based in Melbourne, Australia. These new hires reflect Ascend's continued expansion of its global team, following the hiring of Robin Rostratter as Head of EMEA Sales earlier this year.
Senior executive with deep expertise in human resources for technology companies joins Elastic Elastic ® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Joanna Daly as chief human resources officer (CHRO) effective July 18, 2023. Reporting to Elastic CEO Ash Kulkarni, Daly will be responsible for Elastic's human resources (HR) strategy and operations, talent management, and compensation and benefits, as Elastic continues to build on its global reputation as the leading search platform. Daly has more than 20 years of global HR experience, including HR leadership roles in IBM's consulting and technology businesses and the company's compensati
Former Proofpoint CFO Brings 30+ Years of Technology Industry Expertise Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced that it has nominated Paul Auvil to its Board of Directors. The appointment comes as the company continues to drive growth in Elastic Cloud, while investing with discipline to expand profitability. Mr. Auvil will bring more than 35 years of finance, technology and corporate leadership experience to the Elastic Board of Directors. He served as the Chief Financial Officer of Proofpoint, Inc., a provider of security-as-a-service solutions from March 2007 until March 2023. From September 2006 to March 2007, he was an entrepreneur-in-resi
Senior executive with deep cybersecurity marketing expertise joins Elastic to drive continued growth Elastic (NYSE:ESTC), the company behind Elasticsearch, today announced the appointment of Mathew Donoghue as Chief Marketing Officer (CMO) effective February 13, 2023. Donoghue will drive scalable growth across the company's $88 billion total addressable market (TAM) by leveraging innovative solutions and a customer-first approach. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230213005523/en/Mathew Donoghue (Photo: Business Wire) As the leader of the global marketing team, Donoghue will focus on engaging customers, partners and
16-year AWS Veteran Joins Elastic to Further Accelerate Cloud Innovation Elastic (NYSE:ESTC), the company behind Elasticsearch, today announced the appointment of Ken Exner as chief product officer (CPO) effective August 29, 2022. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220825005664/en/Elastic Names Ken Exner Chief Product Officer (Photo: Business Wire) Exner will be responsible for leading engineering, product management, and product design, with a focus on enhancing the Elastic Enterprise Search, Observability, and Security solutions and delivering a best-in-class cloud service to Elastic customers. Exner will report to
Former Informatica CEO and Oracle Executive Will Bring 30+ Years of Industry Leadership to the Elastic Board Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch, today announced that it has appointed Sohaib Abbasi to its Board of Directors. The appointment comes as the company further focuses on driving durable, profitable growth, widening its competitive moat, and fueling cloud growth. Abbasi will bring more than 30 years of enterprise technology and business transformation experience to the Elastic Board of Directors. From 2004 to 2015, he led Informatica as its President and Chief Executive Officer and as its Chairman from 2005 to 2016. From 1982 to 2003, he served in var