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. (NYSE: ESTC), frequently described as the Search AI Company, generates a steady flow of news around search, artificial intelligence, observability, and security. This page aggregates news coverage and press releases about Elastic, giving investors and technology professionals a single place to review its latest product announcements, partnerships, financial updates, and strategic initiatives.
Company news often highlights advances in the Search AI Platform, including enhancements to Elasticsearch as a document and vector database for generative AI and knowledge discovery. Elastic reports on new capabilities such as Agent Builder for building AI agents on enterprise data, Elastic Inference Service for GPU-accelerated inference, and agentic AI features embedded in observability and security products. These updates show how the company is positioning its platform for AI-native, search-powered applications.
Elastic also issues news on its observability offerings, including innovations in the Elastic Distribution of OpenTelemetry (EDOT), managed OTLP endpoints, and features like Streams that apply agentic AI to log analysis. Announcements frequently describe integrations with major cloud and AI ecosystems, such as Amazon Bedrock AgentCore, Azure AI Foundry, and Google Vertex AI, reflecting Elastic’s focus on open standards and interoperability.
Security and public sector developments are another recurring theme. Elastic has announced a partnership with the Cybersecurity and Infrastructure Security Agency (CISA) and ECS to build a FedRAMP-hosted SIEM-as-a-Service platform for U.S. federal civilian agencies, as well as a strategic investment in Siren to support AI-driven investigations for national security and financial crime. Investors can also find earnings releases, conference participation notices, and recognition from analyst firms such as IDC and Forrester, which provide additional context on Elastic’s market positioning.
By reviewing this news feed regularly, readers can follow how Elastic’s technology, partnerships, and financial disclosures evolve over time and how these developments relate to ESTC stock and the broader software and AI landscape.
Elastic (NYSE: ESTC) has announced significant enhancements to its Elastic Search Platform, focusing on improving customer search experiences, accelerating cloud-native service troubleshooting, and streamlining security workflows. Key updates include the optimization of search capabilities with enhanced relevance-tuning tools, compliance with PCI DSS for secure payment data handling, and innovative features in Elastic Security for better alert contextualization. These advancements are aimed at providing organizations with faster insights and more efficient operations across various cloud services.
Elastic (NYSE: ESTC) has been recognized as a Strong Performer in The Forrester Wave™: Endpoint Detection and Response (EDR) Providers, Q2 2022. The evaluation covered 15 vendors based on 20 criteria, where Elastic excelled in both strategy and current offering. It received top scores in categories like product vision and user experience. Elastic emphasizes a consumption-based pricing model, aligning EDR with cloud computing. This recognition highlights Elastic's position in providing innovative security solutions to combat advanced cyber threats.
Elastic (NYSE: ESTC) announces significant enhancements to its Search Platform, focusing on cybersecurity and application development. The launch includes prebuilt detections against advanced threats and integrations with threat intelligence sources to streamline security investigations.
Additionally, it offers enhanced visibility into AWS Lambda and CI/CD pipelines for faster application development. Customers can achieve up to 20% faster indexing speeds and lower storage costs with new doc-value-only fields, while improved ad hoc analytics capabilities are also introduced.
Elastic (NYSE: ESTC) reported Q3 FY22 revenues of $223.9 million, a robust 43% increase year-over-year. Elastic Cloud revenue surged 79% year-over-year, reaching $80.4 million. However, the company faced a GAAP operating loss of $45.8 million with a margin of -20%. Non-GAAP metrics showed a slight operating profit of $0.2 million, while GAAP net loss per share stood at $0.61 and non-GAAP loss per share at $0.12. The company anticipates Q4 FY22 revenue between $230 million and $232 million, with a projected non-GAAP net loss per share of $0.24 to $0.20.
Elastic (NYSE: ESTC) will announce its financial results for the third quarter of fiscal 2022 on March 3, 2022, after market close. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET to discuss these results and the business outlook. Investors can access a live webcast via the Elastic investor relations website, which will also host a replay for two months. Elastic is known for its Elasticsearch and the Elastic Stack, providing solutions for enterprise search, observability, and security.
Elastic (NYSE: ESTC) has resolved its trademark dispute with Amazon regarding the term 'Elasticsearch.' The resolution will see Amazon remove the term from its website and service names, addressing market confusion caused by its use. Elastic had previously changed the license for Elasticsearch and Kibana to clarify its offerings. CEO Ashutosh Kulkarni emphasized the company's focus on collaboration with Amazon, showcasing strong momentum in their partnership, particularly in data workflows and subscription experiences in the AWS Marketplace.
Elastic (NYSE: ESTC) has unveiled Elastic 8.0, enhancing its Search Platform with native vector search and support for natural language processing (NLP) models. The updates aim to improve data onboarding and security for users. Key features include approximate nearest neighbor (ANN) capabilities for efficient querying of large datasets, an upgraded security framework, and a simplified onboarding experience on Elastic Cloud via AWS. These innovations are designed to deliver faster, relevant search results, streamline data ingestion, and protect customer data against unauthorized access.
Elastic (NYSE: ESTC) announced the promotion of Ashutosh Kulkarni to CEO, succeeding Founder Shay Banon, who reassumes the role of Chief Technology Officer. Kulkarni, who served as Chief Product Officer since January 2021, is credited with driving growth in Elastic's cloud business. The board's decision was influenced by Kulkarni's accomplishments in product innovation and customer success. Separately, Paul Appleby has stepped down as president of worldwide field operations. Elastic anticipates exceeding its guidance for revenue and other metrics for Q3 FY22, with results expected in March 2022.
Elastic (NYSE: ESTC) has announced updates to its Elastic Enterprise Search Solution in the 7.16 release, enhancing user experience and management capabilities. Key features include the beta release of curations powered by adaptive relevance, which allows automated tuning of search results based on user interactions. Additionally, Elastic App Search and Workplace Search are now available in Kibana for unified data visualization. The release also integrates support for Google Firebase, enabling seamless indexing for improved application search experiences.
Elastic (NYSE: ESTC) announced enhancements in its 7.16 release of Elastic Observability, designed to empower users to monitor their digital ecosystems more effectively. New features include curated data exploration views that simplify analysis without requiring technical knowledge, available for real user monitoring and synthetics. The Elastic Agent now offers centralized management and one-click integrations. Additionally, the release includes AWS FireLens integration for streamlined log management, and new certified apps on the ServiceNow Store enhance incident management workflows.