Elastic’s Search Upgrades Ruffle Competition

Earlier this year, Elastic made its way into Gartner’s Magic Quadrant for Insight Engines. Insight engines are an evolved offering of search and natural language technologies (NLTs). They deliver information in context to people and to support machine automation by connecting to various sources and types of content and data. Gartner rated Elastic as a challenger in the segment along with Microsoft and Google. According to Gartner, Elastic rates high on the ease of execution, innovation, and the ability to support multiple languages, but it could benefit by verticalizing its products to provide industry support. Other competitors in the space include IBM with its Watson Discovery engine and Mindbreeze for its Inspire product that has the widest range of connectors in the space.

Elastic’s stock is currently trading at $121.31 with a market capitalization of $10.9 billion. It reported a 52-week high of $176.49 in January and a 52-week low of $49.12 in March last year.

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Disclosure: All investors should make their own assessments based on their own research, informed interpretations and risk appetite. This article expresses my own opinions based on my own ...

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