Elastic N.V. Stock Price, News & Analysis

Elastic (NYSE: ESTC) announced the general availability of several enhancements across its Search Platform. Key updates include the Elastic App Search web crawler for improved content ingestion, integration with Google Cloud Dataflow for faster data ingestion, and automated root cause analysis for application troubleshooting. The Elastic Security platform also features host isolation for Linux environments and advanced malicious behavior protection. These developments aim to enhance user experiences, data management, and security capabilities across diverse organizational needs.

Elastic (NYSE: ESTC) has finalized its acquisition of Cmd, enhancing its cloud security capabilities within the Elastic Limitless XDR framework. This acquisition aims to provide advanced observability and protection for cloud-native workloads using eBPF technology. Cmd's CEO, Santosh Krishnan, and co-founder Jake King are joining Elastic to aid in this integration. Financial terms were not disclosed, but the move is positioned to boost Elastic's security offerings significantly, signaling a strategic expansion in the cloud security market.

Elastic (NYSE: ESTC) announced details for its free virtual conference, ElasticON Global, set for Oct. 5-7, 2021. Themed “Solve,” the event will feature keynotes from notable figures, including CEO Shay Banon and Microsoft EVP Scott Guthrie. Attendees can participate in over 100 technical sessions, hands-on workshops, and training courses aimed at enhancing their skills in Elastic’s offerings. The company will also donate for each participant to support World Central Kitchen and Girlstart, continuing its philanthropic efforts.

Elastic (NYSE: ESTC) has released the HashiCorp verified Elastic Cloud Terraform provider, enhancing infrastructure management for users of HashiCorp Terraform. This provider automates data infrastructure deployment, enabling IT teams to manage Elastic deployments as code across multiple cloud environments. Key features include deployment autoscaling, configuration management, and plugin management. The collaboration aims to improve operational efficiency for enterprise IT teams and managed service providers.

Elastic has completed the acquisition of build.security, a platform that enhances cloud-native security by enabling organizations to enforce security policies using the Open Policy Agent standard. This acquisition aims to help users eliminate security blind spots, mitigate threats, and strengthen their cloud security posture in accordance with established standards like CIS benchmarks. Build.security's co-founder and CEO, Amit Kanfer, will join Elastic's team. Financial details of the transaction have not been disclosed.

Elastic (NYSE: ESTC) announced that chief financial officer Janesh Moorjani will participate in three upcoming virtual investor conferences. These include the Piper Sandler Global Technology Conference on September 13, 2021, the Jefferies Virtual Software Conference on September 14, 2021, and the Citi 2021 Global Technology Virtual Conference on September 15, 2021. A live webcast and replay will be available on Elastic’s Investor Relations page. Founded in 2012, Elastic focuses on enterprise search, observability, and security, making data usable in real time.

Elastic (NYSE: ESTC) has nominated Shelley Leibowitz to its Board of Directors. Leibowitz brings over 30 years of IT and business governance experience, having served as CIO for Morgan Stanley and The World Bank. Her extensive background includes board roles at E*TRADE and MassMutual. Leibowitz emphasized the excitement of joining Elastic during a period of rapid adoption of its products. Upon successful election at the annual general meeting on October 1, 2021, she will also join the Audit Committee and Nominating and Corporate Governance Committee.

Elastic (NYSE: ESTC) announced a definitive agreement to acquire Cmd, enhancing its cloud security capabilities. Cmd specializes in infrastructure detection and response, enabling deep visibility into cloud workloads for advanced security measures. This acquisition aims to integrate Cmd's capabilities into Elastic's existing security platform, Elastic Limitless XDR, combining security information management, endpoint, and cloud security. The deal is expected to close in Elastic's fiscal second quarter, subject to standard closing conditions.

Elastic (NYSE: ESTC) reported strong Q1 FY22 results with total revenue of $193.1 million, a 50% year-over-year growth. Elastic Cloud revenue surged to $61.5 million, marking an 89% increase. Key metrics included 16,000 subscription customers and over 780 with ACV exceeding $100,000. The company experienced a GAAP net loss of $0.38 per share but achieved a non-GAAP EPS of $0.04. Financial guidance for Q2 projects revenue between $193 million and $195 million. Elastic also announced acquisitions and enhanced product offerings in security and search.