Elastic NV

Elastic: High-Profile Search Company With Attractive Fundamentals

Equity Bottom-Up
214 Views, 18 Jan 2022 07:41
EXECUTIVE SUMMARY
  • Elastic NV (ESTC US)  has grown its ARR from ~$207 million as of Jul-18 to ~$760 million today and may become a multi-billion dollar unicorn in the future.  
  • We like the subscription-based freemium business model, strong net expansion rate, and acceleration in revenue growth of Elastic Cloud business, which currently represents ~33% of total revenue. 
  • Elastic Search is one of the most popular search engines globally, and the company’s products have been downloaded more than 350 million times since 2013. 
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Andrei Zakharov
Director of Equity Research, IPOs
Algosun Global
Information Technology & EnergyEquitiesEquity Capital MarketsThematic (Sector/Industry)

A highly collaborative entrepreneurial Founder and Director of Algosun Global Limited with broad professional experience... 

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