Elastic N.V. (ESTC)
Elastic N.V. (ESTC) is a company that develops open-source search and data analytics software, primarily known for its Elasticsearch platform. Founded in 2012 and headquartered in the Netherlands, Elastic provides solutions for search, logging, security, and analytics across various industries, helping organizations to analyze large volumes of data in real-time for insights and application enhancement.
Company News
Three companies - Lockheed Martin, Elastic, and AutoZone - have recently announced significant share buyback programs, signaling confidence in their future cash generation and potential undervaluation.
U.S. stock futures rose on Friday after Thursday's market decline, with corporate earnings providing mixed results. Key focus was on potential trade discussions between U.S. and China, and market expectations of potential Federal Reserve interest rate cuts.
Elastic N.V. offers AI-powered software helping businesses manage and search data efficiently. Despite being 54% below its 2021 peak, analysts are bullish on the stock, with a potential 42-77% upside and strong revenue growth in the AI market.
The global Enterprise Search Market is projected to grow from $6.97 billion in 2025 to $14.56 billion by 2032, with an 11.1% CAGR, driven by cloud technologies, AI, and increasing organizational data complexity.
FUTU vs. ESTC: Which Stock Is the Better Value Option?
