Tight Consolidation at $ESTC

Feb 2

- ESTC is a solid company with great management and nice execution.
- ESTC as a product is also really good especially in AI first world.
- ESTC powers search infra and now vector databases related use cases which will continue to grow

Feb 2

Note

- ESTC would be a great buy from SNOW, DDOG or even any hyper scalers. Most of the hyper scalers have really bad option when it comes to vector databases

Feb 6

Note

- ESTC is getting too cheap with p/s of 3.88
- Vector database is extensively used in RAG

Feb 18

Note

- ESTC has monopoly in Search Tech.
- Even hyperscalers like AMZN use elasticsearch forks and named opensearch which lacks major features than ESTC

Feb 18

Note

- SNOW, Databricks, GOOGL , IBM or DDOG could massively benefit from buying ESTC

Feb 26

Note

- ESTC had a solid quarter, loading up ESTC on any weakness
- new products also being launched on ESTC, it's core infra for embedding search which has lot of use cases in AI/ML

Mar 16

Note

- ESTC breakdown fake out ?
- Consolidating right below the trendline