14 Most Promising Stocks Under $100

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11. Elastic (NYSE:ESTC)

Share Price as of October 7: $83.05

Number of Hedge Fund Holders: 59

Elastic (NYSE:ESTC) is one of the most promising stocks under $100. On October 2, Elastic announced the availability of AutoOps for self-managed enterprise users at no additional cost. This marks the first time AutoOps, which provides cloud-connected services, is available for customers running their own self-managed deployments of Elasticsearch.

AutoOps is the initial offering in a roadmap of Elastic Cloud connected services designed for self-managed environments. It simplifies cluster management by operating through a lightweight integration that securely streams only operational metadata to Elastic Cloud. The underlying customer data never leaves the self-managed deployment.

AutoOps delivers real-time issue detection and resolution by using the cloud for processing this telemetry. The service provides several benefits, like simplified cluster management through real-time insights and automatic detection of issues like ingestion bottlenecks, shard imbalance, and mapping errors.

Elastic (NYSE:ESTC) is a search AI company that provides software platforms to run in hybrid, public, or private clouds, and multi-cloud environments in the US and internationally.

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