Elastic

ESTC

Market cap $4.92B

Elastic is mispriced as a legacy log tool, despite being critical infrastructure for enterprise AI and security workloads. ESTC's data consumption model benefits from AI adoption, with AI workloads driving a 6%+ uplift in compute consumption and expanding use cases. FedRAMP High authorization unlocks significant federal opportunities, while hybrid search and security offerings position ESTC ahead of pure-play vector startups and Splunk.

Elastic remains fundamentally strong despite a ~30% YTD decline and sector-wide SaaS selloff. ESTC's consumption-based pricing model and 112% net retention rate insulate it from AI-driven layoffs and churn. AI trends may serve as a tailwind for ESTC, supporting its complex, developer-focused search platform.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced that Elastic Cloud Hosted has achieved the Federal Risk and Authorization Management Program (FedRAMP®) High authorization on AWS GovCloud (US). With this authorization, U.S. federal agencies can deploy Elastic Cloud Hosted to support high-impact workloads and the most sensitive government data, including cyber defense and investigations, Zero Trust initiatives, and AI-powered mission applications. Secure fou.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, today announced it is eliminating per-endpoint pricing for Elastic Security XDR, the platform rated at 100% protection by AV-Comparatives in its 2025 Business Security evaluation. By ending the “endpoint tax”, the agentic security operations platform is enabling organizations to achieve world-class protection across their environments while also helping them achieve full endpoint coverage, all while reducing total cost.

SAN FRANCISCO--(BUSINESS WIRE)--Elastic (NYSE: ESTC), the Search AI Company, announced that Elastic Workflows, a native automation capability with direct access to alerts, cases, and investigation data, is now built directly into Elastic Security. By bringing native automation to the agentic security operations platform that already includes unified SIEM and XDR, Elastic is eliminating the “SOAR automation tax” by removing the need for a separate SOAR to turn insights into action. Traditionally.

ESTC lifts FY26 revenue and EPS outlook as backlog and $1M+ deals surge, improving visibility, but cloud growth gaps and seasonality keep near-term outlook cautious.

ESTC pushes an AI-first hybrid platform with new agent tools, partner ecosystems, and cloud inference bridges aimed at deepening enterprise adoption.

ESTC's Search AI Platform uses a shared data layer to drive expansion across search, observability and security as cloud mix and backlog growth improve revenue visibility.

GALWAY, Ireland--(BUSINESS WIRE)---- $ESTC #AIForGood--Siren today announced Siren Fusion 2026, its inaugural global summit convening senior investigators, national security leaders and AI innovators for a high-trust forum on the future of investigative intelligence. Taking place in Galway, Ireland, Fusion is the deliberate convergence of people, technology and ideas within a national security frame. Structured as an educational and strategic forum rather than a conventional conference, Fusion 2026 focuses on the i.

Elastic N.V. (ESTC) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript