Elastic N.V.
ESTCElastic 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
Wall Street rebounded on Friday with markets gaining around 1%, as investors speculated about potential Federal Reserve interest rate policy changes. Notable stock movements included gains for Cava and WillScot, while Elastic and Veeva experienced declines following earnings reports.
U.S. stock futures showed mixed performance after Thursday's sell-off, with markets digesting a stronger-than-expected September jobs report and potential Federal Reserve interest rate decisions. Several companies reported earnings, with varied market reactions.
Percona's inaugural report highlights the evolving database management landscape, emphasizing the importance of open source solutions, cloud-native technologies, and AI integration, with PostgreSQL emerging as a critical database for enterprise AI/ML initiatives.
Three companies - Lockheed Martin, Elastic, and AutoZone - have recently announced significant share buyback programs, signaling confidence in their future cash generation and potential undervaluation.
FUTU vs. ESTC: Which Stock Is the Better Value Option?
