Elastic N.V. Stock Price, News & Analysis

Swimlane and Elastic (NYSE: ESTC) have announced a strategic partnership to enhance security operations by integrating their platforms. This alliance aims to streamline security processes, significantly reducing time spent on threat containment and context-gathering tasks. Key enhancements include an extensible framework, improved metrics for incident resolution, and wider automation capabilities. The partnership aims to improve operational efficiency for global security teams, ultimately strengthening their cybersecurity posture through better utilization of security investments.

Elastic (NYSE: ESTC) has been recognized as a Visionary in the 2021 Gartner Magic Quadrant for Application Performance Monitoring. This marks a significant milestone for the company, which offers a flexible observability solution built on the Elastic Stack. Its unique features include open and extensible platforms and unified resource-based pricing. Elastic APM has received a high customer rating of 4.7 out of 5 based on recent reviews. This recognition highlights Elastic's commitment to providing an effective alternative to traditional APM tools.

Elastic (NYSE: ESTC) released a study indicating a shift in IT priorities towards enhancing employee experience in remote work settings, reflecting the pandemic's impact. Conducted by Forrester Consulting, the survey highlights that 60% of IT leaders are investing in employee experience but face budget constraints. The partnership between IT and HR has strengthened, with 57% of IT leaders collaborating more closely with HR. However, 92% of organizations are in survival or maintenance mode, with many reporting budget cuts and inadequate tools to support remote work.

Elastic (NYSE: ESTC) has expanded its strategic partnership with Confluent to enhance product integration for the Apache Kafka and Elasticsearch communities. Key initiatives include improving native integrations, enriching the Elasticsearch Service Sink Connector, and developing packaged solutions for specific use cases. This collaboration aims to bolster real-time capabilities, providing organizations with effective monitoring and threat mitigation. Elastic continues to support Kafka users through managed service options, facilitating seamless data streaming across major cloud platforms.

Elastic (NYSE: ESTC) announced the speaker lineup for the ElasticON Public Sector conference happening April 13-15, aimed at aiding mission-oriented organizations. Keynote speaker Nate Fick will address cybersecurity and data management. The event features panels with notable organizations like the National Geospatial-Intelligence Agency and consulting firm Deloitte, discussing the integration of Elastic Security in public sector projects. Attendees will also gain insights into the latest Elastic release updates, enhancing their operational capabilities.

Elastic (NYSE: ESTC) has been recognized as a Challenger in the 2021 Gartner Magic Quadrant for Insight Engines. This first-time entry highlights its Enterprise Search solution, which simplifies creating search experiences for customer and employee applications. Gartner emphasizes the growing need for insight engine technology as businesses generate more content. Elastic's solution offers simple configurations, flexible deployment options, and consumption-based pricing, which disrupts traditional pricing models. Customers have rated Elastic’s insight engines 4.5 out of 5 based on 34 reviews.

Elastic (NYSE: ESTC) announced updates in the 7.12 release of Elastic Security, aimed at improving threat hunting and investigation workflows. Key features include analyst-driven correlation, behavioral ransomware prevention, and enhanced data lookback capabilities. The updates utilize Event Query Language (EQL) for targeted detection and combine machine learning with third-party context for comprehensive security. Additionally, Elastic Security integrates with existing systems, simplifying data migration from Splunk and supporting Cisco Advanced Malware Protection.

Elastic (NYSE: ESTC) has introduced significant enhancements in its Enterprise Search solution with the 7.12 release. The update features a reimagined data architecture, promising up to a 70% improvement in storage efficiency and a 40% reduction in indexing latency. Additionally, the App Search web crawler now offers improved performance and supports web crawling standards. With autoscaling features, users can automatically adjust storage capacity based on predefined monitoring rules. These enhancements aim to bolster search performance and relevancy.

Elastic (NYSE: ESTC) announced the 7.12 release, introducing significant updates for Elasticsearch, Kibana, and Elastic Cloud. Key features include the technical preview of the frozen tier for low-cost object store searches, general availability of schema on read with runtime fields, and autoscaling for efficient resource management. Enhanced support for ARM architectures and new instance types on Elastic Cloud promise improved performance and cost efficiency. The release also improves cross-cluster capabilities and subscription management via the AWS Marketplace.