Comparing the current results to its competitors, Elastic N V reported Revenue increase in the 1 quarter 2026 by 15.34 % year on year. The revenue growth was below Elastic N V 's competitors' average revenue growth of 19.25 %, achieved in the same quarter.
Elastic N V 's Comment on Competition and Industry Peers
The market in which the company operates is highly competitive, rapidly evolving, and fragmented, characterized by frequent technological changes and shifting customer needs. In the Search and AI segment, principal competitors include Algolia, Apache Solr, Coveo, Pinecone, Qdrant, Weaviate, MongoDB Atlas, Google Gemini Enterprise Agent Platform (formerly Vertex AI), and Microsoft Azure AI Search. For Elastic Observability, competitors include AppDynamics and Splunk, both owned by Cisco Systems, as well as Datadog, Dynatrace, and New Relic. In Elastic Security, the primary competitor is Azure Sentinel. Many competitors possess greater financial, technical, and other resources, stronger brand recognition, larger sales and marketing budgets, broader distribution networks, more established customer relationships, more diverse product offerings, and larger intellectual property portfolios. The industry is expected to continue attracting new and emerging companies that may introduce new offerings. Although various competitors serve different use cases, few currently have the capabilities to address the full range of use cases covered by the company.
October 8, 2025
In a landmark revelation, the Elastic 2025 Global Threat Report has unveiled how artificial intelligence is not only revolutionising the workplace but also significantly transforming the tactics employed by cybercriminals. The comprehensive report, derived from over 1 billion data points from active production environments, highlights a troubling convergence of old-school hacking techniques with the innovative capabilities afforded by AI.The findings indicate that threat actors are increasingly utilising AI to mass produce malicious code loaders tools frequently employed to facilitate a range of cybercriminal agendas. This includes the theft of browser credentials and the perpetuation of sophisticated cloud ...
April 29, 2025
In an era of rapidly evolving cyber threats, organizations struggle to keep pace with the ever-increasing complexity of security information and event management (SIEM) systems. Elastic (NYSE: ESTC), the Search AI Company, has stepped in to ease this burden, announcing its cutting-edge Automatic Migration feature, a game-changer for enterprises transitioning from legacy SIEM solutions to Elastic Security. Bridging the Gap with Innovation Automatic Migration is not just another feature; it s a revolutionary tool that utilizes semantic search technologies to map existing SIEM detection rules to equivalent Elastic-built rules. This process eliminates the tedious necessity of exact text matches, allowing organiz...
April 1, 2025
In a significant development for shareholders of Elastic N.V. (NYSE: ESTC), the Rosen Law Firm, a prominent global investor rights law firm, is urging investors who purchased securities of the company between May 31, 2024, and August 29, 2024, to seek legal counsel before the approaching deadline of April 14, 2025, for filing lead plaintiff motions in a securities class action lawsuit. This notice comes as part of the firm’s routine efforts to inform shareholders of their rights and potential claims related to their investments.The class action notice indicates that investors may have experienced financial losses during the specified period, which is now the subject of closer legal scrutiny. Shareholders w...
February 24, 2025
NEW YORK, Feb. 24, 2025 Investors in Elastic N.V. (NYSE: ESTC) have been alerted to the launch of a class action securities lawsuit, spearheaded by the law firm Levi and Korsinsky, LLP. This legal action comes at a time when Elastic s stock performance has substantially trailed the broader market, raising alarm among investors regarding the company s strategic direction and financial stability.The lawsuit is expected to address concerns from shareholders who believe that Elastic s management may have misled investors regarding the company s growth prospects and financial health. Throughout February, Elastic s shares have continued to underperform not only against the entire stock market but also in compar...
September 27, 2024
Elastic Innovations: Strengthening Government Services, Data Authenticity, and Log Analytics with AI Power SAN FRANCISCO In a series of groundbreaking announcements, Elastic (NYSE: ESTC), the Search AI Company, has cemented its position as a leader in the artificial intelligence and digital information space. By listing their innovative Elastic Search AI Platform in the AWS Marketplace for the U.S. Intelligence Community (ICMP), joining the Content Authenticity Initiative (CAI) to tackle digital misinformation, and introducing a new Automatic Import feature for rapid data migration, Elastic demonstrates its commitment to advancing technology for both government services and private enterprises. Elastic S...
September 6, 2024
Elastic (NYSE: ESTC), known for its leadership in search and analytics, has recently unveiled significant developments aimed at enhancing log management and analytics for businesses. With the introduction of its Automatic Import feature, the company accelerates the migration process from legacy logging solutions to advanced, AI-driven log analytics. This innovation allows site reliability engineering (SRE) teams to migrate custom data sources in less than ten minutes, addressing the growing complexity of managing numerous applications and the telemetry data they generate. Abhishek Singh, a representative from Elastic, emphasized the importance of utilizing prebuilt data integrations to streamline the data co...
August 30, 2024
SAN FRANCISCO Elastic N.V. the company behind popular search technologies Elasticsearch and Kibana, announced a significant update to its licensing model on Wednesday. In a move aimed at fostering greater accessibility and user collaboration, Elastic has added the GNU Affero General Public License v3 (AGPL) as an available licensing option for the free portions of its source code. Previously, the code was made available under the Server Side Public License 1.0 (SSPL 1.0) and Elastic License 2.0 (ELv2). This change marks a notable shift for Elastic, as the AGPL is an open-source license officially recognized by the Open Source Initiative (OSI).The decision to adopt the AGPL allows developers and organizatio...
August 22, 2024
In an era where cyber threats are more sophisticated than ever, companies must be proactive in their approach to cybersecurity. Recognizing this urgency, Elastic (NYSE: ESTC), the celebrated Search AI Company, has embarked on a groundbreaking collaboration with LangChain, the leading generative AI orchestration library. Together, they are crafting cutting-edge AI capabilities designed to expedite labor-intensive SecOps tasks, making strides that could redefine the security landscape.At the heart of this innovative collaboration are several game-changing features developed for the Elastic Security suite. The Automatic Import functionality, Attack Discovery tool, and the Elastic Assistant for Security are all ...
August 14, 2024
Elastic: The Vanguard of AI-Driven Observability and Security SAN FRANCISCO Elastic (NYSE: ESTC), renowned as the Search AI Company, has emerged as a formidable leader in the tech arena, establishing its presence in the 2024 Gartner Magic Quadrant for Observability Platforms while accelerating advancements in AI-driven security analytics and data integration. These strategic developments underscore Elastic s robust vision, keen execution, and innovative thrust in the observability and security domains. Elastic Observability: A Leader in the 2024 Gartner Magic QuadrantElastic s recognition as a Leader in the 2024 Gartner Magic Quadrant for Observability Platforms is a testament to its pioneering contribut...
June 26, 2024
Elastic Recognized for AI Leadership and Innovation with Microsoft Partnership Accolades SAN FRANCISCO Elastic (NYSE: ESTC), the venerated Search AI company, has triumphed as the winner of the prestigious U.S. Partner of the Year 2024 Award, an accolade that underscores its groundbreaking contributions to innovation and the implementation of customer solutions based on Microsoft technology. This honor positions Elastic among a global cadre of top Microsoft partners, accentuating its prowess in the tech landscape. Additionally, Elastic impressed the judges enough to be named a finalist in the ISV Innovation category, standing out amidst 4,700 nominations from all corners of the globe.The crux of Elastic s s...
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Sources:
Elastic N v’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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