Confluent, Inc. (CFLT)

NASDAQ: CFLT · IEX Real-Time Price · USD
29.61
+0.71 (2.46%)
At close: Sep 29, 2023, 4:00 PM
29.71
+0.10 (0.34%)
After-hours: Sep 29, 2023, 7:04 PM EDT
2.46%
Market Cap 8.95B
Revenue (ttm) 683.99M
Net Income (ttm) -477.91M
Shares Out 302.42M
EPS (ttm) -1.65
PE Ratio n/a
Forward PE 267.40
Dividend n/a
Ex-Dividend Date n/a
Volume 3,974,545
Open 29.56
Previous Close 28.90
Day's Range 29.33 - 30.51
52-Week Range 16.60 - 41.22
Beta 0.98
Analysts Buy
Price Target 35.90 (+21.24%)
Earnings Date Nov 1, 2023

About CFLT

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company offers Confluent Cloud, a managed cloud-native service for connecting and processing real-time data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data. It also provides Kafka Connect, an open-source component that works as a centralized data hub for simple data integration between databases, key-value stores, search indexes, and file systems; ksqlDB, a database for stream processing applicatio... [Read more]

Sector Technology
IPO Date Jun 24, 2021
Employees 2,761
Stock Exchange NASDAQ
Ticker Symbol CFLT
Full Company Profile

Financial Performance

In 2022, Confluent's revenue was $585.94 million, an increase of 51.07% compared to the previous year's $387.86 million. Losses were -$452.55 million, 32.0% more than in 2021.

Financial Statements

Analyst Forecast

According to 22 analysts, the average rating for CFLT stock is "Buy." The 12-month stock price forecast is $35.9, which is an increase of 21.24% from the latest price.

Price Target
$35.9
(21.24% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Confluent Adds Partnerships to Facilitate Real-Time Data Streams for AI

Data streaming platform Confluent has announced its new initiative called Data Streaming for AI, aiming to simplify and accelerate organizations' development of real-time AI applications.

3 days ago - PYMNTS

Confluent launches new initiative to deliver fresh, real-time data streams for enterprise AI apps

Such realtime data is vital for use cases where speed is of the essence in business processes, such as fraud detection.

3 days ago - VentureBeat

Confluent Unveils Apache Flink® on Confluent Cloud, Making it Easier to Build Real-Time Applications with Stream Processing on a Unified Platform

SAN JOSE, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced the open preview of Apache Flink® on Confluent Cloud, a fully managed service for stream ...

4 days ago - Business Wire

Confluent Unveils Data Streaming for AI to Simplify and Accelerate the Development of Real-Time AI Applications

SAN JOSE, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced Data Streaming for AI, an initiative to accelerate organizations' development of real-time...

4 days ago - Business Wire

Confluent Announces the Data Streaming Startup Challenge

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Data Streaming Startup Challenge. The Data Streaming Startup Challenge is a globa...

18 days ago - Business Wire

Investors look to software companies over semiconductors, here's why

CNBC's Deirdre Bosa reports on the setup for technology stocks in September.

Other symbols: DDOGMDBSKYYSNOWSOXX
4 weeks ago - CNBC Television

Confluent to Present at Upcoming Investor Conferences

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conferences: Gol...

4 weeks ago - Business Wire

Confluent Expands Partnership with Google Cloud as it's Named a Google Cloud Technology Partner of the Year for the Fourth Time

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced an expanded partnership with Google Cloud, and also announced that it was named the G...

4 weeks ago - Business Wire

Confluent Announces CFO Transition

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced that Rohan Sivaram has been named Confluent's Chief Financial Officer, effective Augu...

2 months ago - Business Wire

Confluent Announces Second Quarter 2023 Financial Results

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced financial results for its second quarter of 2023, ended June 30, 2023. “Data streami...

2 months ago - Business Wire

Confluent to Present at Upcoming Investor Conference

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conference: KeyB...

2 months ago - Business Wire

Confluent boosts access to real-time data with new partner program

Confluent launched a partner program to help enterprise vendors bring real-time data streams from different sources to power applications.

2 months ago - VentureBeat

Imply Joins the Connect with Confluent Partner Program, Creating a Comprehensive Platform for Real-Time Analytics Applications

BURLINGAME, Calif.--(BUSINESS WIRE)-- #Confluent--Imply partners with Confluent to make building real-time analytics on streaming data easier.

2 months ago - Business Wire

Confluent Launches Connect with Confluent, Enabling Partners to Supercharge Growth and Customer Innovation with Data Streaming

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Connect with Confluent technology partner program. The program enables partners t...

2 months ago - Business Wire

This stock category is the best possible investment right now

Financial markets have come under significant pressure in 2022 as tough macroeconomic conditions, including 4-decade-high inflation and rising interest rates, led to bearish sentiment among stock inve...

2 months ago - Finbold

Confluent to Announce Second Quarter 2023 Financial Results on August 02, 2023

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2023, which ended June 3...

3 months ago - Business Wire

AI Sleeper-Play Confluent Is Ready To Rocket Higher

Confluent NASDAQ: CFLT is a small data-streaming platform about to hit the big time. Its cloud-native services connect and process data in real-time, providing a vital service for business and industr...

3 months ago - MarketBeat

We're the 'central nervous system' for data streaming, says Confluent CEO Jay Kreps

Jay Kreps, Confluent co-founder, chairman and CEO, joins 'Mad Money' host Jim Cramer to talk hom the data streaming service works, how companies are utilizing Confluent in connection to A.I., and more...

3 months ago - CNBC Television

Confluent to Host Investor Day on Tuesday, June 13, 2023

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that it will host Investor Day 2023 in New York City on Tuesday, June 13, 2023. Mana...

4 months ago - Business Wire

Data Streaming Delivers 2-5x ROI for 76% of Organizations, According to New Confluent Report

LONDON--(BUSINESS WIRE)--Data streaming is now the backbone for the most critical areas of a business—from personalized customer experiences to real-time business operations. The Confluent, Inc. (NASD...

4 months ago - Business Wire

New Confluent Features Make It Easier and Faster to Connect, Process, and Share Trusted Data, Everywhere

LONDON--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced new Confluent Cloud capabilities that give customers confidence that their data is trustworthy and ...

4 months ago - Business Wire

Confluent Announces First Quarter 2023 Financial Results

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced financial results for its first quarter of 2023, ended March 31, 2023. “Confluent st...

5 months ago - Business Wire

Confluent to Announce First Quarter 2023 Financial Results on May 03, 2023

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its first quarter of 2023, which ended March 3...

6 months ago - Business Wire

Michelin Accelerates Transformation Into a Data-Driven Services Powerhouse with Confluent

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that Michelin, the leading mobility company, is using Confluent to power its global ...

8 months ago - Business Wire

The 9 Best Tech Stocks to Buy Now

The tide could be turning for the beaten-down technology sector, which makes these top tech stocks worth a closer look.

8 months ago - Kiplinger