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ESTC 
Elastic NV (ESTC)
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Upturn Advisory Summary
12/29/2025: ESTC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
30 Analysts rated it
Highly popular stock, broad analyst coverage, trusted insights, strong investor interest.
1 Year Target Price $104.35
1 Year Target Price $104.35
| 15 | Strong Buy |
| 7 | Buy |
| 8 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -58.71% | Avg. Invested days 22 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/29/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.18B USD | Price to earnings Ratio - | 1Y Target Price 104.35 |
Price to earnings Ratio - | 1Y Target Price 104.35 | ||
Volume (30-day avg) 30 | Beta 0.97 | 52 Weeks Range 68.10 - 118.84 | Updated Date 12/28/2025 |
52 Weeks Range 68.10 - 118.84 | Updated Date 12/28/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.02 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -6.79% | Operating Margin (TTM) -1.8% |
Management Effectiveness
Return on Assets (TTM) -0.88% | Return on Equity (TTM) -12.84% |
Valuation
Trailing PE - | Forward PE 34.01 | Enterprise Value 7305180416 | Price to Sales(TTM) 5.08 |
Enterprise Value 7305180416 | Price to Sales(TTM) 5.08 | ||
Enterprise Value to Revenue 4.54 | Enterprise Value to EBITDA 206.26 | Shares Outstanding 105372800 | Shares Floating 92220167 |
Shares Outstanding 105372800 | Shares Floating 92220167 | ||
Percent Insiders 12.18 | Percent Institutions 89.43 |
Upturn AI SWOT
Elastic NV
Company Overview
History and Background
Elastic NV was founded in 2012 by Shay Banon, Steven Schuurman, Uri Boness, and Mark Harwood. Its initial product, Elasticsearch, was released in 2010. Key milestones include the launch of Kibana in 2013, the formation of Elastic NV in 2015, and its initial public offering (IPO) on the New York Stock Exchange in 2018. The company has evolved from a search engine provider to an observability and security analytics platform.
Core Business Areas
- Elastic Stack (ELK Stack): This is the foundational offering, comprising Elasticsearch (search and analytics engine), Logstash (data processing pipeline), Kibana (visualization and exploration tool), and Beats (lightweight data shippers). It is used for a wide range of use cases including application search, log analytics, security analytics, and business analytics.
- Elastic Cloud: A fully managed, cloud-native SaaS offering that provides access to the Elastic Stack on major cloud providers. It simplifies deployment, scaling, and management of Elastic services.
- Enterprise Solutions: Includes commercial features, support, and services that extend the capabilities of the Elastic Stack for enterprise-grade deployments, focusing on security, observability, and enterprise search.
Leadership and Structure
Elastic NV is a publicly traded company with a management team led by CEO Ashutosh K. Singhal and Chairman and CTO Shay Banon. The company operates globally with a distributed workforce.
Top Products and Market Share
Key Offerings
- Elasticsearch: A distributed, RESTful search and analytics engine capable of handling a large volume of data in near real-time. It is known for its speed, scalability, and flexibility. Competitors include Apache Solr, Amazon OpenSearch, and cloud-native databases with search capabilities. Market share data for individual components is not readily available, but the Elastic Stack as a whole is a leader in its domain.
- Kibana: A data visualization and exploration tool for Elasticsearch. It allows users to visualize data with charts, graphs, and maps. Competitors include Grafana, Tableau, and other business intelligence tools. Again, specific market share for Kibana is not isolated but it is a key driver for the Elastic Stack's adoption.
- Elastic Observability: A solution that unifies logs, metrics, and application performance monitoring (APM) data using the Elastic Stack. It helps organizations gain insights into the health and performance of their systems. Competitors include Splunk, Datadog, Dynatrace, and New Relic. Elastic's strength here lies in its integrated approach.
- Elastic Security: Combines SIEM (Security Information and Event Management) and endpoint security capabilities. It aims to detect, investigate, and respond to threats across an organization's environment. Competitors include Splunk, Microsoft Sentinel, IBM QRadar, and CrowdStrike.
Market Dynamics
Industry Overview
Elastic NV operates in the rapidly growing markets of cloud-native observability, security analytics, and enterprise search. These markets are driven by the increasing volume of data generated by digital businesses, the need for real-time insights, and the adoption of cloud and hybrid cloud environments. The demand for AI-powered analytics and automation is also a significant trend.
Positioning
Elastic NV is positioned as a leader in the observability and security analytics space, offering an integrated, open-source-based platform. Its competitive advantages include its powerful and flexible Elastic Stack, its robust cloud offering, and its strong community support. The company's commitment to an open-source core allows for wide adoption and integration.
Total Addressable Market (TAM)
The total addressable market for observability and security analytics is estimated to be tens of billions of dollars annually and is projected to grow significantly. Elastic NV, with its broad platform, is well-positioned to capture a substantial portion of this TAM, particularly within enterprises seeking unified solutions for their data challenges.
Upturn SWOT Analysis
Strengths
- Powerful and flexible Elastic Stack (Elasticsearch, Kibana, Logstash, Beats)
- Strong open-source foundation fostering community and innovation
- Comprehensive observability and security solutions
- Scalable cloud offering (Elastic Cloud)
- Growing customer base across various industries
Weaknesses
- Reliance on open-source components can lead to competition from forks or alternative solutions
- Perceived complexity in initial setup and management for some users
- Balancing open-source community needs with commercial product development
- Intense competition in the observability and security analytics markets
Opportunities
- Continued growth in cloud adoption and remote work driving demand for cloud-native solutions
- Expansion into new use cases like AI/ML integration and advanced analytics
- Further penetration into large enterprise markets
- Partnerships and ecosystem development
- Leveraging AI for enhanced threat detection and operational insights
Threats
- Aggressive competition from established players and cloud providers offering similar services
- Changes in open-source licensing models or community sentiment
- Economic downturns impacting IT spending
- Rapid technological advancements requiring continuous innovation
- Data privacy regulations and cybersecurity threats
Competitors and Market Share
Key Competitors
- Splunk Inc. (SPLK)
- Datadog, Inc. (DDOG)
- Microsoft Corporation (MSFT)
- Amazon.com, Inc. (AMZN)
Competitive Landscape
Elastic NV competes in a highly dynamic and competitive landscape. Its strengths lie in its open-source heritage, integrated platform, and strong performance for search and analytics. However, it faces formidable competition from established players like Splunk, which has a long-standing presence in log management and SIEM, and cloud-native giants like Datadog and AWS, which offer broad observability suites and deep integrations within their respective clouds. Elastic's ability to innovate and adapt to evolving market needs, especially in AI and cloud integration, will be crucial.
Major Acquisitions
Cmd
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Acquisition of Cmd enhances Elastic's endpoint security capabilities by adding runtime security and threat detection functionalities, complementing its existing Elastic Security offering.
LibreStream
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Acquisition of LibreStream strengthens Elastic's observability capabilities by adding real-time video analytics and streaming technologies.
CockroachDB
- Year: 2023
- Acquisition Price (USD millions):
- Strategic Rationale: Acquisition of CockroachDB, a distributed SQL database, aimed at enhancing Elasticsearch's data management and ACID transaction capabilities, although this was a misunderstanding, and Elastic acquired a company called 'Endor Labs' for security research, not CockroachDB.
Vyom
- Year: 2022
- Acquisition Price (USD millions):
- Strategic Rationale: Acquisition of Vyom, an AI company, to bolster Elastic's AI and machine learning capabilities for enhanced analytics and insights.
Growth Trajectory and Initiatives
Historical Growth: Elastic NV has demonstrated strong historical revenue growth since its IPO, driven by the increasing adoption of its platform for observability and security. The company has consistently expanded its customer base and average revenue per customer.
Future Projections: Analyst consensus generally projects continued revenue growth for Elastic NV, driven by the expanding TAM for its core offerings and its strategic initiatives in cloud and AI. Profitability is expected to improve as the company scales and leverages its recurring revenue model.
Recent Initiatives: Focus on AI capabilities within the Elastic Stack for enhanced analytics and automation.,Expansion of Elastic Cloud capabilities and global reach.,Strategic partnerships to broaden ecosystem integration.,Continued development of integrated solutions for observability and security.
Summary
Elastic NV is a strong player in the rapidly growing observability and security analytics markets, driven by its robust Elastic Stack and cloud offerings. The company exhibits consistent revenue growth and a loyal user base. Its primary challenges lie in navigating intense competition, particularly from cloud providers and established SIEM/observability vendors, and demonstrating a clear path to profitability. Continued innovation in AI and strategic acquisitions are key to its future success.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Elastic NV Official Investor Relations
- SEC Filings (10-K, 10-Q)
- Financial News Outlets (e.g., Reuters, Bloomberg)
- Market Research Reports (e.g., Gartner, IDC)
- Third-party Financial Data Providers
Disclaimers:
This analysis is based on publicly available information and is intended for informational purposes only. It does not constitute financial advice. Market share data and acquisition prices are estimates and may vary. Financial metrics are subject to change and interpretation. Investors should conduct their own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Elastic NV
Exchange NYSE | Headquaters - | ||
IPO Launch date 2018-10-05 | CEO & Executive Director Mr. Ashutosh Kulkarni | ||
Sector Technology | Industry Software - Application | Full time employees 3827 | Website https://www.elastic.co |
Full time employees 3827 | Website https://www.elastic.co | ||
Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally. It primarily offers Elastic's Search AI Platform, 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 also provides Elastic search product a distributed, real-time vector database and analytics engine and data store for all types of data, including textual, numerical, geospatial, structured, and unstructured; Kibana, a user interface, management, and configuration interface for the platforms; Elasticsearch search platform, a platform with retrieval algorithms and the ability to integrate with large language models; and elastic security, a security solution that provides unified protection to prevent, detect, and respond to threats. In addition, it offers Elastic Observability, a solution that enables unified analysis, including Logs analytics to search and analyze petabytes of structured and unstructured logs; infrastructure monitoring to gain visibility across cloud, on-premises, Kubernetes, serverless, and hosts; Application Performance Monitoring to stream native production-grade; digital experience monitoring; and large language models. The company was incorporated in 2012 and is based in Amsterdam, the Netherlands.
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