Elastic (ESTC) Strengthens Cybersecurity Leadership Through Major Federal Collaboration

Elastic N.V. (NYSE:ESTC) ranks among the best big data stocks to invest in. Elastic N.V. (NYSE:ESTC) announced a number of major collaborations in December. Notably, the company partnered with the Cybersecurity and Infrastructure Security Agency on December 16 to establish a Security Information and Event Management as a Service platform for US federal civilian agencies.

The endeavor is managed under a $26 million base-year contract with ECS, which could be renewed for up to four more years, reaching a total agreement valued at $130 million. The deal enables CISA to use Elastic’s cloud-based software for uniform cybersecurity monitoring across Federal Civilian Executive Branch Agencies.

Additionally, on December 1, Elastic N.V. (NYSE:ESTC) unveiled an update for Amazon Bedrock AgentCore that makes it possible to monitor and troubleshoot AI agents using the Elasticsearch platform. The software offers monitoring features that enables users to keep track of agent performance, managing expenses, understanding agent reasoning processes, and sustaining dependable agent workloads.

Elastic N.V. (NYSE:ESTC) is a software company that provides solutions for search, logging, analytics, security, and observability. With its machine-learning capabilities, the company allows users to automate a wide range of tasks, including anomaly detection and root cause analysis.

While we acknowledge the potential of ESTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.