Company Reports

We will discontinue analyst coverage of Elastic on or about Sept. 25.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

Elastic’s fiscal first-quarter earnings were strong across the board, exceeding management’s guidance for the top and bottom lines. Record large-customer additions and stronger forward demand indicators support the view that midteens growth can persist in the near term.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

Elastic’s fourth-quarter results slightly exceeded management’s expectations across key metrics, but guidance for 2027 implies revenue growth slowing to roughly 14.6%—below its high-teens trend, which punished the stock and underscores the uneven impact of artificial intelligence on software.

With the increasing threat of artificial intelligence, we reduce Elastic's moat from narrow to none.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

Elastic’s fiscal third-quarter earnings were solid and exceeded management’s sales and profit guidance. However, there was a slight deceleration in constant-currency year-over-year growth (from 17% to 16%), and guidance for the fourth quarter was a bit soft.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

Datadog, Dynatrace, and Elastic are all trading down after Palo Alto Networks announced plans to acquire Chronosphere, an observability platform that targets artificial intelligence-focused companies, for 21 times annual recurring revenue.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

Elastic posted decent fiscal second-quarter results, beating guidance on both top- and bottom-line metrics. However, concerns over slowing bookings growth and an acquisition by competitor Palo Alto sent shares lower.

Elastic shares are up nearly 20% in after-hours trading following the company's first-quarter earnings, where it beat management expectations on revenue, non-GAAP operating margin, and non-GAAP earnings per share. Elastic is more efficiently converting sales and marketing expenditure into revenue.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

We are transferring coverage of Elastic, a software that specializes in AI-search, observability, and security. Elastic is well positioned to benefit from growth in unstructured data, companies' preference for multicloud environments, and adoption of artificial intelligence workflows.

Elastic traces its origins to the mid-2000s, with the first open-source code for what would later become "Elasticsearch" written in 2009. Elastic operates in three main segments: AI-search, observability, and security.

We are positive on Elastic's prospects in the observability, security, and search markets. The firm's solutions benefit from secular tailwinds driving an accelerating increase in data for enterprises to secure, search through, and monitor. In our opinion, the firm's sticky product portfolio, broad swath of products that enable clients to conduct a variety of mission-critical tasks, and increased penetration in the enterprise market have enabled Elastic to form a narrow economic moat around its business.

Elastic reported a solid fourth quarter that included sales rising 16% to $388 million and adjusted operating margin up 6 points to 15%. The strong results were offset by a fiscal 2026 outlook that left investors disappointed, with shares down in the double digits after hours.

Elastic reported solid third-quarter fiscal 2025 results that included sales growth of 17% to $382 million and adjusted margins expanding 350 basis points to 17%. The firm's cloud offering, Elastic Cloud, continues to gain traction and now constitutes 47% of Elastic's sales, up from 44% a year ago.

We are positive on Elastic's prospects in the observability, security, and search markets. The firm's solutions benefit from secular tailwinds driving an accelerating increase in data for enterprises to secure, search through, and monitor. In our opinion, the firm's sticky product portfolio, broad swath of products that enable clients to conduct a variety of mission-critical tasks, and increased penetration in the enterprise market have enabled Elastic to form a narrow economic moat around its business.