Elastic NV

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SKU: ESTC Category:

Description

This is our first report on Elastic NV, a major technology solutions provider catering to multi-cloud environments. The strength in the demand environment fueled a strong fiscal year for the company and it saw a decent growth in revenue, and strong expansion metrics and customer acquisition. The company had over 18,600 subscription customers by the end of the last quarter. All over the year, customers continued to adopt Elastic Cloud, expanding over use cases and increasing consumption as there was a growth in the enterprise data. The management also announced its expanded collaboration with Amazon Web Services. This has been done to accelerate momentum, build market, and deliver seamless access to the Elastic cloud for the shared customers. In the modern cloud-native environments, Elastic NV is supposed to enhance smart tail-based sampling for Application Performance Monitoring. The net expansion rate of the company for Elastic Cloud has been rising for the last few quarters. Elastic continues expanding its land-and-expand approach because customers wish to adopt over one Elastic solution to support their business initiatives. Moreover, the company is continuing to build momentum with its cloud hyperscalers via go-to-market motions and product integrations. There has been a strong demand for Elastic security. It continues to innovate and build its observatory solutions that accelerate the lifecycles of serverless application development for DevOps. We initiate coverage on the stock of Elastic NV with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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