ConfluentNASDAQ: CFLT

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.

Confluent's customer acquisition accelerated in the second quarter, which could lead to improved growth going forward. The scaling of Confluent's stream processing product should also begin to support growth in the coming years. Confluent's margins should improve over the next years as stock-based compensation costs decline. Confluent is also closing in on cash flow breakeven.

It can pay to listen when multiple analysts reach the same conclusion on a given stock. A majority of analysts surveyed by The Wall Street Journal are bullish on shares of Confluent and Datadog.

Confluent reported better-than-expected growth last quarter, thanks to a bigger customer base and higher spending. The company's huge addressable market and its potential earnings growth could infuse new life into the stock, despite a difficult 2024 so far.

Leading stock indexes like the Nasdaq Composite and Dow Jones Industrial Average saw massive drops last week.  Traditionally, the stock market has been subject to external forces like inflation data, geopolitics and new technological advances.