10 High Growth Cybersecurity Stocks To Buy

4. Elastic N.V. (NYSE:ESTC)

Number of Hedge Fund Holders: 64

Elastic N.V. (NYSE:ESTC) is a data analytics company that provides a robust cybersecurity platform to safeguard organizations against cyber threats. Its Elastic Search AI Platform enables security teams to detect and respond to risks in real time.

Elastic N.V. (NYSE:ESTC) recently released its 2024 Global Threat Report, analyzing over a billion data points to reveal rising cybersecurity threats. The report included the misuse of tools like Cobalt Strike and Metasploit by cyber criminals and the growing risks from misconfigured cloud environments. These findings highlight the company’s commitment to addressing key cybersecurity challenges. However, the company is also facing legal challenges. In February 2025, several law firms filed class action lawsuits against Elastic N.V. (NYSE:ESTC), alleging securities fraud for misleading investors between May 31, 2024, and August 29, 2024. These legal proceedings could impact the company’s stock price and investor sentiment moving forward.

Elastic N.V. (NYSE:ESTC) reported strong Q2 FY25 results with total revenue of $365 million, up 18% YoY, driven by a 25% YoY growth in Elastic Cloud revenue. The company achieved $64 million in non-GAAP operating income, while GAAP operating loss stood at $4 million. Non-GAAP EPS came in at $0.59, compared to $0.37 in Q2 FY24, reflecting stronger profitability. Operating cash flow was $38 million, showing stable liquidity, with cash and equivalents at approximately $1.2 billion. Customer growth remained steady, with over 1,420 customers holding contracts over $100K ACV, up from 1,220 a year ago.