Elastic N.V. Stock Price, News & Analysis

Elastic (NYSE: ESTC) announced that Janesh Moorjani, its CFO, will present at two upcoming investor conferences. The conferences include the Truist 2021 Technology, Internet & Services Summit on March 10, 2021, at 10:00 a.m. PT / 1:00 p.m. ET and the Berenberg Cyber Security & DevOps Conference on March 12, 2021, at 9:00 a.m. PT / 12:00 p.m. ET. A live webcast and replay will be available on Elastic’s Investor Relations page. Founded in 2012, Elastic specializes in search technology and offers solutions for enterprise search, observability, and security.

Elastic (NYSE: ESTC) announced strong third-quarter fiscal 2021 results, with total revenue reaching $157.1 million, a 39% increase year-over-year. SaaS revenue surged 79% to $44.9 million, while calculated billings grew by 41% to $173.2 million. Deferred revenue rose 59% to $334.0 million. However, GAAP operating loss was $34.5 million. The company has over 13,800 subscription customers, with a net expansion rate above 130%. For fiscal 2021, they project total revenue between $589 million and $590 million amid expected COVID-19 impacts.

Elastic (NYSE: ESTC) announced new features across its Elastic Enterprise Search, Observability, and Security solutions, enhancing flexibility and cost efficiency. Key updates include the general availability of searchable snapshots, enabling data retention on low-cost object stores while reducing infrastructure costs by up to 50%. Users can now choose schema settings at query time, improving performance and cost management. The updates are aimed at providing deeper insights into operational and security metrics while allowing seamless data searches.

Elastic (NYSE: ESTC) will announce its financial results for Q3 of fiscal 2021 on February 24, 2021, following U.S. market close. A conference call will take place at 2:00 p.m. PT/5:00 p.m. ET on the same day to discuss the results and future business prospects. Investors and users can access a live webcast on the company's investor relations website, with a replay available for two months. Elastic specializes in search solutions and offers products for enterprise search, observability, and security, emphasizing real-time data usability.

Cyware, a leader in Virtual Cyber Fusion Center technology, announced a follow-on investment in its Series A funding round due to overwhelming demand for its platform. The funding round saw participation from prominent cybersecurity leaders like Greg Clark and Tom Noonan. Cyware aims to enhance its cybersecurity operations by leveraging advanced technologies, including security orchestration and automation, to support teams in optimizing security processes. This follows recent executive appointments to strengthen its leadership and growth strategy.

Elastic (NYSE: ESTC) announced a time change for its presentation at the Goldman Sachs Technology and Internet Conference to 3:10 p.m. PT on January 12, 2021. Janesh Moorjani, Elastic's CFO, will represent the company. A live webcast and replay will be available on Elastic’s Investor Relations page. Founded in 2012, Elastic provides enterprise search, observability, and security solutions, leveraging a single technology stack for real-time data usability.

Elastic (NYSE: ESTC) has appointed Ashutosh Kulkarni as its first Chief Product Officer (CPO). Kulkarni will lead engineering and product management, focusing on enhancing Elastic's Enterprise Search, Observability, and Security solutions, as well as advancing its cloud services. With over 20 years in enterprise software, his experience includes leadership roles at McAfee and Akamai. This appointment follows the recent additions of Sally Jenkins as Chief Marketing Officer and Paul Appleby as President of Worldwide Field Operations, further strengthening Elastic's executive team.

Elastic (NYSE: ESTC) announced that Janesh Moorjani, the company's chief financial officer, will present at the virtual Goldman Sachs Technology and Internet Conference on January 12, 2021, at 11:50 a.m. PT / 2:50 p.m. ET. A live webcast and replay will be accessible on Elastic’s Investor Relations page. Founded in 2012, Elastic specializes in enterprise search, observability, and security solutions, leveraging a unified technology stack for real-time data usability across various applications.

Elastic (NYSE: ESTC) reported robust second quarter fiscal 2021 results, achieving a total revenue of $144.9 million, up 43% year-over-year. SaaS revenue surged 81% to $37.4 million, while calculated billings rose 42% to $177.7 million. Deferred revenue reached $309.2 million, indicating a 54% increase. Despite a GAAP operating loss of $28.4 million, the subscription customer count grew to over 12,900. For Q3 fiscal 2021, revenue guidance is projected between $145 million and $147 million, reflecting potential impacts from the COVID-19 pandemic.