Elastic N.V. Stock Price, News & Analysis

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.

Elastic (NYSE: ESTC) appointed Ken Exner as Chief Product Officer effective August 29, 2022. With over 30 years of experience, Exner previously led product and engineering teams at Amazon Web Services for 16 years. He will oversee engineering, product management, and design, focusing on enhancing Elastic's Enterprise Search, Observability, and Security solutions. CEO Ash Kulkarni expressed confidence in Exner's ability to drive the company's cloud-first business strategy and strengthen partnerships.

Elastic (NYSE: ESTC) reported strong Q1 fiscal 2023 results, with revenues of $250.1 million, marking a 30% year-over-year increase (34% at constant currency). Elastic Cloud revenue surged 59% year-over-year to $97.7 million, representing 39% of total revenue. Despite a GAAP operating loss of $60.6 million and a net loss per share of $0.74, the company holds $848.8 million in cash. The outlook remains optimistic, with Q2 revenue guidance between $260 million and $262 million, indicating a 27% year-over-year growth at midpoint.

Elastic (NYSE: ESTC) will announce its financial results for the first quarter of fiscal 2023, which ended on July 31, 2022, after U.S. market close on August 25, 2022. A conference call to discuss these results and the company's business outlook will take place at 2:00 p.m. PT / 5:00 p.m. ET. Investors can access the live webcast on the Elastic investor relations website, with a replay available for two months. Elastic is recognized for its search-powered solutions across Enterprise Search, Observability, and Security.

Elastic (NYSE: ESTC) highlights findings from a Wakefield Research study revealing the crucial role personalization plays in ecommerce. With 88% of online shoppers more likely to continue shopping on sites offering personalized experiences, the study shows that relevant product recommendations significantly enhance customer loyalty. Furthermore, 95% of shoppers indicate they are changing spending habits due to rising prices but still prioritize finding the right products over cost. Elastic's Enterprise Search solutions empower retailers to tailor the shopping experience, ultimately driving sales and customer satisfaction.

Elastic (NYSE: ESTC) commissioned a study revealing that 8 out of 10 data leaders see search-powered technology as essential for successful digital transformation. Key findings include that 84% believe these technologies boost digital initiatives, and 83% agree that an integrated search platform can reduce costs. Additionally, 85% want to enhance information retrieval across multiple data environments. As organizations prioritize comprehensive, cloud-based solutions, the demand for integrated platforms that streamline operations and improve cybersecurity continues to rise.