Elastic Stretches Global Cloud Adoption, Joins Hand With AWS


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


  • Elastic NV (NYSE:ESTC) inked a new three-year global strategic collaboration agreement with Amazon.com Inc's (NASDAQ:AMZN) Amazon Web Services (AWS) to drive cloud adoption globally
  • The deal comprises an acceleration of integrated go-to-market activities across sales and marketing, streamlining the migration of on-premises workloads to Elastic Cloud on AWS and following the best practices to aid growth globally.
  • Also, ESTC has attained the AWS Security Competency designation by working with AWS, which differentiates the company as an AWS Partner Network member.
  • "Together with AWS, Elastic is committed to helping companies drive innovation, leverage cloud-optimized features, streamline data collection from AWS services, and modernize and migrate their existing environments. As we continue to accelerate our cloud-first business strategy, the growth of our strategic collaboration agreement with AWS is crucial to helping our joint customers solve complex data challenges," said Ken Exner, chief product officer.
  • Price Action: ESTC shares are trading higher by 4.20% at $72.01 on the last check Tuesday.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: EquitiesMid CapNewsContractsMarketsTechBriefs