Elastic's (NYSE: ESTC) stock price more than doubled over the past 12 months, as the Dutch enterprise search company generated stable growth throughout the pandemic. But as rising bond yields spark an investor rotation from growth to value stocks, can Elastic maintain that momentum?
Elastic's core software platform, Elastic Slack, ingests and stores data from "any source" and in "any format," then processes that data with search, analysis, and visualization tools within "milliseconds or less."
Its technology helps Uber's app locate nearby riders and drivers, enables Match's Tinder to find potential matches, and helps Adobe's Creative Cloud users locate the right photos, fonts, or color palettes to complete their digital projects.
Source Fool.com