Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
24 June 2021Website:
http://www.confluent.ioNext earnings report:
07 February 2025Last dividends:
N/ANext dividends:
N/APrice
after hours | 14 min agoDividend
Analysts recommendations
Institutional Ownership
CFLT Latest News
Confluent shares have surged 30% in the past month, driven by accelerating revenue growth and significant profitability improvements, making it an attractive buy despite past volatility. The company reported a 25% revenue increase, with cloud revenues growing by 42%, and raised its Q4 revenue forecast, indicating strong future performance. New product introductions, including Flink and Freight Clusters, are expected to drive substantial revenue growth and enhance Confluent's competitive edge in the stream processing market.
Investors looking for a growth stock may be tempted to buy this company, but they shouldn't ignore one key factor.
Confluent Inc. NASDAQ: CFLT is a leading data streaming platform provider. Data streaming is the continuous transmission of data, usually in real-time, like stock market data, social media feeds, and GPS navigation.
Confluent's Q3 earnings highlight its efficient growth with 25% revenue growth, record non-GAAP operating margin, and record free cash flow. Confluent is witnessing consumption stabilization among its cloud native customers, which is a positive sign ahead of its historically strong Q4. The upcoming holiday season is expected to see record demand, which could help Confluent exceed management's Q4 guidance thanks to its consumption revenue model.
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Data streaming represents a big opportunity for investors, especially as artificial intelligence adoption grows.
Although the revenue and EPS for Confluent (CFLT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Expect a post-election rally, rate cuts, and year-end rally in selected growth stocks. Confluent offers a managed Kafka solution, crucial for real-time data streaming. Despite macro headwinds, Confluent's growth remains high at over 20%. Confluent's stock, down 66% in two years, presents a buying opportunity for growth-oriented investors due to its promising future and very low PEG valuation relative to the sector median.
Investors can benefit from paying attention when a group of Wall Street analysts reach a similar conclusion about a particular stock. The majority of the analysts tracked by 'The Wall Street Journal' have given Zscaler and Confluent a buy rating.
SCOTTSDALE, Ariz., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Confluent Medical Technologies (Confluent) announced today that Dean Schauer, who has served as the company's Chief Executive Officer for more than a decade, has assumed the role of Chairman in addition to his existing responsibilities as CEO and President.
What type of business is Confluent?
Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.
What sector is Confluent in?
Confluent is in the Technology sector
What industry is Confluent in?
Confluent is in the Software Infrastructure industry
What country is Confluent from?
Confluent is headquartered in United States
When did Confluent go public?
Confluent initial public offering (IPO) was on 24 June 2021
What is Confluent website?
https://www.confluent.io
Is Confluent in the S&P 500?
No, Confluent is not included in the S&P 500 index
Is Confluent in the NASDAQ 100?
No, Confluent is not included in the NASDAQ 100 index
Is Confluent in the Dow Jones?
No, Confluent is not included in the Dow Jones index
When was Confluent the previous earnings report?
No data
When does Confluent earnings report?
The next expected earnings date for Confluent is 07 February 2025