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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Elastic N.V.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary

Red Hat and Elastic announced an expanded collaboration to deliver next-generation search experiences supporting retrieval augmented generation (RAG) patterns using Elasticsearch as a preferred vector database solution integrated on Red Hat OpenShift AI. This collaboration aims to equip enterprises with tools to support RAG solutions over time on a single, consistent platform. RAG plays a important role in integrating large language models (LLM) into business applications. By combining LLMs with private data stores, IT teams can train models with targeted, private data without modifying the underlying model. The collaboration between Red Hat and Elastic enables organizations to get the most out of RAG, providing a trusted machine learning operations platform and a robust hybrid search solution for scaling AI responses. This partnership demonstrates the positive impact AI can have on business applications and the broader market, leading to greater AI adoption and more user choice.

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Rhea-AI Sentiment
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-0.32%
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Rhea-AI Summary

Elastic Security Labs, a division of Elastic (NYSE: ESTC), released a comprehensive guide on how to avoid risks and abuses related to large language models (LLMs). The guide provides best practices and countermeasures for the secure adoption of LLM technology, aiming to help developers and security teams navigate the challenges posed by the rapid adoption of generative AI and LLM implementations. The research emphasizes the importance of security measures to protect against potential attacks and provides detection rules to monitor and mitigate LLM abuses.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.54%
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Rhea-AI Summary

Elastic (NYSE: ESTC) is revolutionizing the SIEM game with AI-driven security analytics through its Search AI platform. The new Attack Discovery feature prioritizes attacks over alerts, enabling security teams to quickly identify and respond to the most impactful threats. Leveraging rich contextual data, Elastic Security streamlines the investigation process and empowers analysts to focus on threat detection and response rather than sifting through alerts. Attack Discovery will be available with the Elastic 8.14 release, benefiting customers with an Enterprise license.

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Rhea-AI Sentiment
End-of-Day
1.54%
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AI
Rhea-AI Summary
Elastic, the company behind Elasticsearch, reports significant performance gains in its vector database with up to 8x speed and 32x efficiency. New optimization strategies include multi-threaded search capabilities, accelerated multi-graph vector search, Panama Vector API integration, memory efficiency enhancements, seamless compression improvements, and multi-vector integration. These advancements aim to make Elasticsearch and Apache Lucene the best vector database for generative AI use cases.
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2.52%
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Rhea-AI Summary
Elastic (NYSE: ESTC) partners with Cohere to enhance semantic search retrieval with Elasticsearch open inference API supporting Cohere's Rerank 3 model. This integration provides developers with better search results and improved semantic relevance for large language models.
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1.65%
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Elastic (NYSE: ESTC) announces native support for Cohere's text embedding models in Elasticsearch, offering up to 4x memory savings and 30% faster search without compromising quality. This collaboration aims to enhance semantic search capabilities for enterprise scenarios.
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Rhea-AI Sentiment
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-0.38%
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Rhea-AI Summary
Elastic's research reveals the transformative potential of generative AI, with 99% of global IT decision-makers acknowledging its impact. Despite challenges like chaotic data estates and skills gaps, 88% plan increased investments in GenAI. Key findings show high enthusiasm for GenAI benefits like improved efficiency, customer experience, and decision-making, but adoption is hindered by security, regulation, and skills gap concerns. Organizations struggle with siloed data ecosystems, slow decision-making, and search capabilities. However, optimism remains for GenAI to address security and observability challenges.
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-0.59%
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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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-12.56%
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Rhea-AI Summary
Elastic (ESTC) to present at Morgan Stanley Conference on March 6, 2024. Webcast available on Investor Relations page.
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1.61%
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conferences
Rhea-AI Summary
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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Rhea-AI Sentiment
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-1.7%
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Elastic N.V.

NYSE:ESTC

ESTC Rankings

ESTC Stock Data

10.78B
84.00M
17.25%
84.27%
3.77%
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AMSTERDAM

About ESTC

elastic is the world's leading software provider for making structured and unstructured data usable in real time for search, logging, security, and analytics use cases. founded in 2012 by the people behind the elasticsearch, kibana, beats, and logstash open source projects, elastic's global community has more than 80,000 members across 45 countries. since its initial release, elastic's products have achieved more than 100 million cumulative downloads. today thousands of organizations, including cisco, ebay, dell, goldman sachs, groupon, hp, microsoft, netflix, the new york times, uber, verizon, yelp, and wikipedia, use the elastic stack, x-pack, and elastic cloud to power mission-critical systems that drive new revenue opportunities and massive cost savings. elastic is backed by more than $104 million in funding from benchmark capital, index ventures, and nea; has headquarters in amsterdam, the netherlands, and mountain view, california; and has over 400 employees in more than 30 count