Latest news with #Elastic
Techday NZ
7 hours ago
- Business
- Techday NZ
Elastic & AWS partner to enable secure generative AI apps
Elastic has entered into a five-year strategic collaboration agreement with Amazon Web Services (AWS) to support organisations in building secure, generative AI-powered applications with greater speed and reduced complexity. The agreement is focused on joint product integrations and go-to-market initiatives that aim to enable customers to transition into AI-native enterprises more efficiently. It brings together Elastic's Search AI Platform and AWS services, with a particular emphasis on facilitating work in highly regulated sectors such as the public sector and financial services. Under this agreement, the companies will invest in technical integrations, including support for Amazon Bedrock and Elastic Cloud Serverless, to help customers drive AI innovation. The collaboration is designed to allow customers to leverage generative AI features by making use of high-performing foundation models available through Amazon Bedrock. It also offers support for migrating Elasticsearch workloads from on-premise data centres to Elastic Cloud on AWS, ongoing cost efficiencies for users of Elastic Cloud Serverless, and enhanced agentic AI capabilities through work on Model Context Protocol (MCP) and agent-to-agent interoperability. Commenting on the collaboration, Ash Kulkarni, Chief Executive Officer at Elastic, said: "As the speed of generative AI adoption accelerates, search has become increasingly relevant. Our collaboration with AWS and integration with Amazon Bedrock brings the power of search directly to generative AI for a host of use cases, including cybersecurity and observability. Together, we're enabling developers to build intelligent, context-aware applications that leverage their own data securely and at scale." Ruba Borno, Vice President, Specialists and Partners at AWS, said: "Together with Elastic, we're helping customers transform how they leverage data and AI to drive innovation. This strategic collaboration delivers particular value for highly regulated industries requiring robust data protection, while our shared commitment to standards like Model Context Protocols enables seamless agent-to-agent interactions. Available through AWS Marketplace, customers will be able to quickly deploy solutions that combine Elastic's powerful search capabilities with Amazon Bedrock on the secure, global AWS infrastructure, helping them build compliant, intelligent applications that accelerate their AI journey." The collaboration is already producing results for organisations such as Generis and BigID. Mariusz Pala, Chief Technology Officer at Generis, said: "The strength of the Elastic and AWS partnership has been fundamental to Generis's mission of delivering secure, compliant, and intelligent solutions for clients in highly regulated industries. By deploying Elastic on AWS, we've reduced average search times by 1000% and cut the time to produce complex, compliance-driven documents from two weeks to just two days, providing our clients real-time insights while upholding the highest standards of data integrity and control." Avior Malkukian, Head of DevOps at BigID, said: "Leveraging Elastic Cloud on AWS has been transformative for BigID. We've achieved a 120x acceleration in query performance, enabling real-time data insights that were previously unattainable. The scalability and flexibility of Elastic Cloud on AWS allow us to efficiently manage vast and complex data landscapes, ensuring our customers can swiftly discover and protect their sensitive information. Elastic Cloud on AWS is a powerful combination that allows us to deliver innovative features, reduce operational costs, and maintain our leadership in data security and compliance." The integration of Elastic's AI-powered solutions with AWS services includes features such as Elastic AI Assistant, Attack Discovery, Automatic Import, Automatic Migration, Automatic Troubleshoot, and AI Playground, all of which interact with Large Language Models through Amazon Bedrock. These integrations help customers to conduct root cause analysis more quickly, synthesise complex data signals, automate data onboarding, and simplify the migration process. Natural language and retrieval-augmented generation (RAG)-powered workflows are designed to enable teams to interact with their data more intuitively and support faster decision-making. Elastic's relationship with AWS has been recognised within the AWS Partner Network. In December 2024, Elastic was named AWS Global Generative AI Infrastructure and Data Partner of the Year, and it was among the first group of AWS software partners acknowledged with the AWS Generative AI Competency. The company has also received AWS competency designations for the government and education sectors earlier this year.
Yahoo
2 days ago
- Business
- Yahoo
Elastic price target lowered to $90 from $105 at TD Cowen
TD Cowen analyst Andrew Sherman lowered the firm's price target on Elastic (ESTC) to $90 from $105 and keeps a Hold rating on the shares. The firm said Cloud revenues slightly missed Street, the first miss since 4Q23. FY26 revenues guide of 12% below Street of 14%, in part due to US Fed weakness seen in 1Q. Management believes this is de-risked but Cowen thinks this will need to be proven out. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on ESTC: Disclaimer & DisclosureReport an Issue Elastic price target lowered to $110 from $135 at Wedbush Elastic price target lowered to $92 from $109 at Cantor Fitzgerald Guggenheim lowers Elastic price target, recommends buying on weakness Elastic price target lowered to $115 from $125 at Baird Elastic price target lowered to $112 from $140 at Stifel Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Elastic price target lowered to $110 from $135 at Wedbush
Wedbush analyst Daniel Ives lowered the firm's price target on Elastic (ESTC) to $110 from $135 and keeps an Outperform rating on the shares. The firm notes Elastic delivered its Q4 results featuring strong beats on the top and bottom line, which will be largely overshadowed by FY26 revenue guidance that came in below Street expectations as enterprises are increasingly integrating GenAI into their operations, while the company is seeing more consumption scrutiny due to the murky macro. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ESTC: Disclaimer & DisclosureReport an Issue Elastic price target lowered to $92 from $109 at Cantor Fitzgerald Guggenheim lowers Elastic price target, recommends buying on weakness Elastic price target lowered to $115 from $125 at Baird Elastic price target lowered to $112 from $140 at Stifel Elastic price target lowered to $115 from $120 at Morgan Stanley Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Elastic price target lowered to $92 from $109 at Cantor Fitzgerald
Cantor Fitzgerald lowered the firm's price target on Elastic (ESTC) to $92 from $109 and keeps a Neutral rating on the shares. Elastic reported a mixed quarter, with revenue out-performance driven by self-managed while cloud revenue slightly missed expectations, and the initial fiscal 2026 outlook embeds conservatism, the analyst tells investors in a research note. Cantor awaits increased clarity on Elastic's revenue outlook in the coming quarters. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ESTC: Disclaimer & DisclosureReport an Issue Guggenheim lowers Elastic price target, recommends buying on weakness Elastic price target lowered to $115 from $125 at Baird Elastic price target lowered to $112 from $140 at Stifel Elastic price target lowered to $115 from $120 at Morgan Stanley Elastic's Growth Potential Highlighted by Strong Q4 Performance and AI Initiatives Despite Short-Term Challenges Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
Why Elastic (ESTC) Shares Are Falling Today
Shares of search software company Elastic (NYSE:ESTC) fell 12.5% in the afternoon session after the company reported weak first quarter (fiscal Q4) results: its full-year revenue guidance slightly missed and its revenue guidance for next year suggested a slowdown in demand. The company projected just 12% revenue growth for fiscal 2026, compared to the 17% growth in the previous year. On the other hand, Elastic reported strong growth in customers, and its full-year EPS guidance trumped Wall Street's estimates. Overall, this print was mixed. The market seemed to be hoping for more. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Elastic? Access our full analysis report here, it's free. Elastic's shares are quite volatile and have had 19 moves greater than 5% over the last year. But moves this big are rare even for Elastic and indicate this news significantly impacted the market's perception of the business. The biggest move we wrote about over the last year was 6 months ago when the stock gained 30.8% on the news that the company reported a "beat and raise" quarter. Elastic blew past analysts' billings and revenue estimates, primarily driven by strong growth in the cloud business, which rose 25% year on year. Despite some of the challenges recorded in recent quarters, the improved top-line performance suggested that the focus on key enterprise and high-potential mid-market customers was bearing fruit. On the product front, the company observed signs of accelerating demand for its Generative AI offerings. New customer commitments with GenAI almost doubled in dollar volume compared to the previous quarter, and three of the deals signed were greater than $1 million in annual contract value. Earnings also exceeded expectations as the sales strength combined with disciplined spending and improved efficiency. As a result, the company was able to provide encouraging guidance as it raised its revenue, profits, and earnings forecast for the full year. Overall, we think this was a solid "beat-and-raise" quarter. Following the results, Baird upgraded the stock from Neutral to Outperform (Buy), citing "a significant unexpected turnaround in execution, evident in Q2′s results, highlighted by strong commitments, healthy consumption, improved win-rates and GenAI-inflection validating our medium-term/long-term thesis.". Elastic is down 19.2% since the beginning of the year, and at $80.07 per share, it is trading 34.5% below its 52-week high of $122.27 from July 2024. Investors who bought $1,000 worth of Elastic's shares 5 years ago would now be looking at an investment worth $893.04. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
