Elastic partners with Tines to boost security and efficiency

SAN FRANCISCO - Elastic (NYSE: ESTC), a $9.8 billion market cap company known for its Search AI solutions and achieving 18% year-over-year revenue growth, has announced a partnership with Tines, enhancing its capabilities in security and observability workflow automation. According to InvestingPro data, the company maintains strong financial health with more cash than debt on its balance sheet. This collaboration introduces an integrated offering that combines Tines Workflow Automation with the Elastic Search AI Platform, aiming to provide security orchestration, automation, and response (SOAR), along with AI-driven security analytics.

The Texas A&M System Cyber Operations has already experienced the benefits of this partnership. Braxton Williams, the engineering manager, reported significant improvements in their network protection, citing faster detection and response times, increased tool productivity, and the ability to scale security operations more efficiently.

The integrated product offering targets the challenges faced by security analysts, SREs, and DevOps engineers who deal with a high volume of data and alerts, often with limited staff and resources. By connecting disjointed systems and using AI to streamline workflows, the aim is to reduce the time required to address issues, subsequently lowering costs and the workload on practitioners.

Key advantages of this partnership include faster issue resolution through coordinated efforts, increased operational efficiency by automating repetitive tasks, reduced costs by mitigating security incidents and service disruptions, and consistent execution of standardized operating procedures.

Elastic and Tines emphasize the importance of turning insights into action swiftly to enhance the effectiveness of security and observability teams. Santosh Krishnan, general manager of Security and Observability at Elastic, described the partnership as a "force multiplier," helping to cut through the noise and break down data silos.

The Tines Workflow Automation for Elastic Search AI Platform is now available to all Elastic customers. This announcement is based on a press release statement, and further information can be found on the Elastic and Tines announcement blog. Elastic’s solutions are widely used, including by more than half of the Fortune 500 companies, and Tines supports a variety of industries with its AI-powered workflows. While the stock has seen recent price pressure, InvestingPro analysts project profitability this year, with 22 analysts revising their earnings estimates upward. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Elastic NV reported third-quarter fiscal year 2025 results that exceeded expectations, leading to several adjustments in stock price targets by different analysts. UBS raised its price target for Elastic to $148, citing a strong 26% growth in Cloud revenue and improved execution following earlier disruptions in its go-to-market strategy. Truist Securities also increased its price target to $145, highlighting Elastic’s robust demand for search capabilities and strategic changes aimed at enhancing customer relationships. Meanwhile, Cowen adjusted its price target to $125, acknowledging the company’s strong enterprise consumption and cloud revenue outperformance.

DA Davidson maintained a Neutral rating with a $115 price target, noting Elastic’s operational efficiency and the appointment of Navam Welihinda as the new Chief Financial Officer. Stifel, however, revised its price target downward to $38 while retaining a Buy rating, attributing the decision to foreign exchange headwinds and a shorter quarter affecting future SaaS additions. Elastic’s management has revised its full-year 2025 revenue guidance upwards and provided a preliminary outlook for fiscal year 2026, expecting modest margin expansion.

The analysts’ reports reflect Elastic’s ability to capitalize on generative AI opportunities and its improved operational efficiency. These developments are significant as the company continues to navigate market trends and strategic adjustments. The positive performance across the board has been attributed to strong consumption trends and advancements in AI use cases.

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