Elastic N.V. Stock Price, News & Analysis

Elastic (NYSE: ESTC) will issue its financial results for Q2 fiscal 2023, ending on October 31, 2022, after the U.S. market closes on November 30, 2022. A conference call is scheduled for 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and provide a business outlook. Interested parties can access a live webcast on Elastic's investor relations site, with a replay available for two months. As a leader in search-powered solutions, Elastic aims to enhance search experiences and ensure the smooth operation of critical applications.

Elastic (NYSE: ESTC) released the 2022 Global Threat Report, highlighting the evolving challenges in cybersecurity and identifying key risks associated with cloud security, particularly human error and credential access. The report shows that 33% of cloud attacks exploit credential access, with AWS providing the majority of telemetry data. Notably, CobaltStrike was responsible for 35% of Windows detections, underscoring the use of defensive tools by malicious actors. The findings stress the need for improved security strategies to combat increasingly sophisticated attacks.

Elastic (NYSE: ESTC) has appointed Barrie Sheers as Vice President for Asia-Pacific and Japan, aiming to accelerate business and cloud growth. Based in Singapore, Sheers will report to Chief Sales Officer Michael Cremen and focus on strategic initiatives and customer value. With over 20 years of experience, including roles at Microsoft and Dell, Sheers is expected to leverage his expertise to enhance customer relationships and drive growth in the rapidly evolving cloud market.

Elastic (NYSE: ESTC) has unveiled new features in its Elastic Observability solution, enhancing application and infrastructure visibility for customers.

This includes Universal Profiling, providing deep insights with minimal overhead, enabling performance optimization and cost savings. Early tests show potential CPU savings of 10% to 20% for applications.

The introduction of new synthetic monitoring capabilities allows for proactive user interaction simulations to quickly identify performance issues, streamlining operations for development teams.

Elastic (NYSE: ESTC) announced significant innovations in its Elastic Search Platform, enhancing data analytics capabilities. Key updates include automated Elastic Agent provisioning for AWS, improved search relevance via machine learning, and a new stateless architecture for enhanced resilience and scalability. The beta release of Universal Profiling™ and synthetic monitoring boosts cloud observability. Additionally, modernized security operations feature enhanced threat intelligence management. These advancements aim to help organizations leverage data insights effectively, addressing business challenges and accelerating digital transformation.

Kyndryl (NYSE: KD) and Elastic (NYSE: ESTC) have announced an expanded partnership aimed at providing customers with enhanced data-driven digital transformation initiatives. This collaboration focuses on creating joint solutions for full-stack observability, enabling organizations to search, analyze, and act on machine data across various computing environments. Key offerings include IT data modernization, intelligent analytics, and data migration services, leveraging Kyndryl’s infrastructure expertise and Elastic’s search solutions. This partnership aims to support clients in improving their IT operations management capabilities.

Elastic N.V. has reached a settlement with floragunn and Amazon regarding the use of Elastic's source code in Search Guard. floragunn admits to copyright violations, while Amazon had previously included the disputed code in its Elasticsearch-based products. Following the lawsuit, Amazon removed the contested code from its offerings. This agreement effectively resolves any claims from Elastic concerning third-party use of the infringing code, ensuring compliance and protecting Elastic's intellectual property rights.

Elastic (NYSE: ESTC) will host its Financial Analyst Day on September 19, 2022, at 1:00 p.m. PT in San Francisco. The event will feature key management discussions on the company's product vision, market opportunity, go-to-market strategy, and financial model. A live webcast will be available on Elastic’s Investor Relations page.

As a leader in search-powered solutions, Elastic enhances customer experiences and security across various platforms.

Elastic (NYSE: ESTC), known for Elasticsearch and the Elastic Stack, announced its management will participate in two upcoming investor conferences. The first is the Citi 2022 Global Technology Conference on September 8, 2022, at 8:15 a.m. PT, followed by the Goldman Sachs Communacopia + Technology Conference on September 13, 2022, at 11:30 a.m. PT. A live webcast and replay will be accessible on Elastic’s Investor Relations page.

Elastic specializes in search-powered solutions for enterprise search, observability, and security, enabling organizations to enhance their performance and safeguard against cyber threats.