ESTC Elastic NV Company Profile
After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. If we removed the R&D costs then Elastic is currently valued at around 55x earnings with an $8 billion valuation. Management released guidance for revenue of $303 million to $305 million for Q2, for a 15% year-over-year growth. From start-ups to market leaders, uncover what they do and how they do it.
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- As of October 2023 Elastic NV
has a market cap of $7.98 Billion. - It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization.
- In its latest twelve-month trailing results, the company made $1.12 billion in revenue and spent $300 million on research and development costs.
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Its products are used by individual developers and organizations of a range of industries. The company was founded in 2012 and is headquartered in Mountain View, California. Elastic N.V., a data analytics company, delivers solutions designed to run in public or private clouds in multi-cloud environments. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization on that data.
The company operates its business across, the Americas, Europe, and Asia. Elastic is headquartered in Amsterdam, North Holland, the Netherlands. As of October 2023 Elastic NV
has a market cap of $7.98 Billion. This makes Elastic NV
the world’s 1736th most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth. The Elasticsearch platform enables anyone to find the answers they need in real-time using all their data, at scale.
AI data needs could power Elastic growth further
The company was incorporated in 2012 and is based in Amsterdam, the Netherlands. Elastic NV (Elastic) is a technology company that offers solutions for the secure search, analysis, and visualization of complex and structured information present in any format. The company product portfolio consists of Enterprise search, observability, security, elastic stack, SaaS, and orchestration.
Elastic NV
Elastic N.V., a search company, delivers technology that enables users to search through structured and unstructured data for a range of consumer and enterprise applications. It primarily offers Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as perform search, analysis, and visualization. It also provides software solutions on the Elastic Stack that address cases, including app search, site search, workplace search, logging, metrics, application performance management, business analytics, and security analytics.
Generative AI and LLMs use high levels of data and that could add further upside to Elastic’s current growth trajectory from its current user base. I called it a “rare tech what is a flash crash growth opportunity,” due to the low appetite for tech at the time. We now know that it was the start of a new tech rally, driven by the adoption of artificial intelligence.
GAAP operating loss was $36 million; with GAAP operating margin at -12%. Operating cash flow was $38 million with free cash flow of $49 million. The company also achieved recognition from Gartner and Forrester football stocks for its security solutions. “A tidal wave of software M&A is on the horizon,” wrote Wedbush analysts in an investor note. Despite that, Splunk is still up 73.4%, outperforming the S&P at 11.28%.
End of Day market cap according to different sources
Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. If Elastic starts to gain traction amongst Wall Street analysts then that float could get swallowed up quickly, driving the share price higher. Get this delivered to your inbox, and more info about our products and services. In its recent fiscal first quarter 2024 results, Elastic posted $294 million in revenue up 17% year-over-year.
The 50-day moving average is a frequently used data point by active investors and traders to understand the trend of a stock. It’s calculated by averaging the closing stock price over the previous 50 trading days. The downside risk to the thesis revolves around the current valuation and could be reduced if Elastic sees growth slow. Personally, I would say that the buzz around generative AI tools in the workplace should be a long-term trend and the company can leverage its large blue-chip customer base for additional revenue. Despite the negative operating margin, Elastic has a gross margin of 72%.
Elastic NV (NYSE:ESTC)
Cisco agreed to buy the software firm for $157 billion in an all-cash deal, representing a $28 billion equity investment. 52 week low is the lowest price of a stock in the past 52 weeks, or one year. 52 week high is the highest price of a stock in the past 52 weeks, or one year. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option.
In its latest twelve-month trailing results, the company made $1.12 billion in revenue and spent $300 million on research and development costs. That represents 26% of the company’s revenue, leading to an operating income of -$158.5 million. So, Elastic how to invest bear market is currently profitable but is spending for the long term. The artificial intelligence boom that has followed Microsoft’s adoption of Chat GPTA has seen every big tech player seeking to adopt Large Language Models (LLMs) and other AI tools.
It provides consulting and training services to develop, deploy, and manage its software. Elastic markets its solutions to various industries including automotive, education, financial services, government, defense, e-commerce, and technology. It partners with cloud providers, systems integrators, channel partners, referral partners, OEM and MSP partners.
After submitting your request, you will receive an activation email to the requested email address. You must click the activation link in order to complete your subscription. If we removed the R&D costs then Elastic is currently valued at around 55x earnings with an $8 billion valuation. Management released guidance for revenue of $303 million…