Confluent, Inc. (CFLT)
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]
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 StatementsAnalyst 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.
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.

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.

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 ...

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...

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...
Investors look to software companies over semiconductors, here's why
CNBC's Deirdre Bosa reports on the setup for technology stocks in September.

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...

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...

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...

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...

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...

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.

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.

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...

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...

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...

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...
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...

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...

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...

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 ...

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...

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...

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 ...