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Elastic NV

 

Buy Elastic NV stocks

ELASTIC NV (ESTC) Stocks

ABOUT ELASTIC NV

? Elastic NV (formerly Elasticsearch), an open-source software company, was founded in 2012 and has its headquarters in Amsterdam, the Netherlands, as well as in Mountain View, California in the United States.

Elastic NV develops self-managed and Software-as-a-Service (SaaS) offerings for search, logging, and security and analytics users. These offerings include, amongst others, the open-source Elastic Stack (Kibana, Beats, Elasticsearh and Logstash), free and paid proprietary features formerly called X-Pack, Elastic Cloud and Elastic Cloud Enterprise.

A continuous problem companies experience is matching up data from various sources. These can include multiple disconnected databases, a website or web application, and even a mobile device. Elastic NV offers products that tie everything together and enable seamless searches.

The company was established by Shay Banon. His mission was to create a platform to do enterprise search or search within a company’s own walls to enable the most efficient use of their data. Today, the company employs more than 1 000 people across its operations.

HISTORY OF ELASTIC NV

  • Elastic NV has a host of subscribers, such as eBay, Goldman Sachs, Microsoft, The New York Times, Wikipedia, Verizon, NASA and Mayo Clinic, that uses the Elastic Stack to power their critical systems. The latter is also utilized for application-, site- and enterprise research, as well as logging, infrastructure monitoring, security analytics, application performance management (APM) and business analytics.
  • The Elasticsearch meet-up community comprises about 100 000 members.
  • Elastic Stack is a portfolio of software products that ingest and store data in any format from any source. Software solutions enable a variety of use cases such as app- and site search, enterprise search, logging, metrics, business- and security analytics as well as application performance monitoring (APM). These products provide customers with relevant information and insights.
  • Primary Elastic Stack products are Elasticsearch, Kibana, Beats and Longstash. Kibana is the user interface for the Elastic Stack, whilst Logstash is the data processing pipeline for ingesting data in to Elasticsearch. The Elastic Stack also features monitoring, machine learning, security and alerting.
  • It operates on premises, in public or private clouds, and in hybrid environments.

VISION & VALUES OF ELASTIC NV

  • Elastic NV regards its relationships as paramount to its success. It continuously seeks open communication and transparent interaction with employees, clients, business partners and shareholders alike. The company applies core values such as dignity, respect, responsibility, confidence, trust and honesty in all of its operations.
  • This business model fosters trust and builds long-term relationships which bode well for shareholders who purchase company shares. The company is passionate about providing good value and consistent quality. It recognizes that its success is dependent on the trust and confidence of the investment community.

MARKET PERFORMANCE OF ELASTIC NV

  • Elastic NV trades on the New York Stock Exchange (NYSE) under the stock symbol “ESTC”. The company is a Russell 1000 Index component.
  • For the fourth quarter fiscal 2019, the company recorded revenue of USUS Dollar 80.6 million, an increase of 63% year-over-year. Deferred revenue was USUS Dollar 170.7 million, increasing 66% year-over-year.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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