Confluent, Inc. (CFLT)

NASDAQ: CFLT · IEX Real-Time Price · USD
21.68
-0.14 (-0.64%)
At close: Dec 9, 2022 4:00 PM
21.58
-0.10 (-0.46%)
After-hours: Dec 9, 2022 6:33 PM EST
-0.64%
Market Cap 6.25B
Revenue (ttm) 537.21M
Net Income (ttm) -461.11M
Shares Out 282.27M
EPS (ttm) -1.79
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 3,007,598
Open 21.64
Previous Close 21.82
Day's Range 21.51 - 22.34
52-Week Range 16.48 - 81.11
Beta n/a
Analysts Buy
Price Target 35.38 (+63.2%)
Earnings Date Nov 2, 2022

About CFLT

Confluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data systems; ksqlDB, a database for stream processing applications; and stream governance... [Read more]

Industry Software-Infrastructure
IPO Date Jun 24, 2021
CEO Jay Kreps
Employees 1,981
Stock Exchange NASDAQ
Ticker Symbol CFLT
Full Company Profile

Financial Performance

In 2021, Confluent's revenue was $387.86 million, an increase of 63.95% compared to the previous year's $236.58 million. Losses were -$342.80 million, 49.2% more than in 2020.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for CFLT stock is "Buy." The 12-month stock price forecast is 35.38, which is an increase of 63.19% from the latest price.

Price Target
$35.38
(63.19% upside)
Analyst Consensus: Buy
Stock Forecasts

News

2 Top Growth Stocks Down 61% and 75% to Buy Before They Rebound

There's a disconnect between the strong performance of these two businesses and their languishing stock prices.

Other symbols: DDOG
4 days ago - The Motley Fool

1 Growth Stock Down 76% That Could Soar in 2023, According to Wall Street

Confluent has upgraded its forecasts for this year three times, which could be a sign of things to come in 2023.

2 weeks ago - The Motley Fool

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:

2 weeks ago - Business Wire

1 Growth Stock Down 76% You'll Wish You'd Bought on the Dip

Confluent just crushed its own expectations for the third quarter.

1 month ago - The Motley Fool

3 Top Growth Stocks to Buy in November

These three stocks are bucking the pessimism in the tech sector right now.

Other symbols: ABNBUBER
1 month ago - The Motley Fool

Why Confluent Stock Climbed Higher Today

Investors had a lot to be happy about after Confluent reported third-quarter results.

1 month ago - The Motley Fool

Confluent CEO Jay Kreps breaks down most recent earnings and outlook

Jay Kreps, Confluent co-founder and CEO, joins 'TechCheck' to discuss what went right in its recent quarter, the impact of the economic slowdown on net revenue retention and what's driving free cash flo...

1 month ago - CNBC Television

Confluent Stock Soars on Earnings: Is It Too Late to Buy?

Here's why Confluent is skyrocketing today.

1 month ago - The Motley Fool

Confluent (CFLT) Reports Q3 Loss, Tops Revenue Estimates

Confluent (CFLT) delivered earnings and revenue surprises of 23.53% and 5.09%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Rey Perez Appointed Chief Customer Officer of Confluent

MOUNTAIN VIEW, Calif.

1 month ago - Business Wire

Confluent Announces Third Quarter 2022 Financial Results

MOUNTAIN VIEW, Calif.

1 month ago - Business Wire

Looking for Tech Stocks? These 2 Are Great Buys

The market has mistakenly thrown these fast-growing businesses out with the bathwater.

Other symbols: ZM
1 month ago - The Motley Fool

5 Cheap Growth Stocks That Are Too Good to Ignore

For traders, there is a time and a place to buy growth stocks. This is not one of them.

Other symbols: DOCNGLBEPYPLTTD
1 month ago - InvestorPlace

1 Growth Stock Down 76% to Buy Hand Over Fist

Investors looking for a quality opportunity in this difficult market should consider Confluent stock.

1 month ago - The Motley Fool

3 Hidden-Gem Growth Stocks to Buy in October

Venturing off the beaten path might be one way to find returns in this difficult market.

Other symbols: PUBMTEAM
2 months ago - The Motley Fool

Confluent to Announce Third Quarter 2022 Financial Results on November 02, 2022

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its third quarter of 2022, which ended September...

2 months ago - Business Wire

What Makes Confluent (CFLT) a New Buy Stock

Confluent (CFLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

2 months ago - Zacks Investment Research

Confluent launches visual streaming data pipeline designer

Confluent, the company that built a streaming service on top of the open source Apache Kafka project, has always been about helping companies capture streams of data. First it was on prem, then later in...

2 months ago - TechCrunch

Confluent Launches Stream Governance Advanced to Safely Extend the Power of Data Streaming to Every Part of the Business

AUSTIN, Texas--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced a new tier of capabilities for Stream Governance, the industry's only fully managed governance...

2 months ago - Business Wire

Confluent Reimagines Data Pipelines for the Streaming Era with Stream Designer

AUSTIN, Texas--(BUSINESS WIRE)--Confluent Reimagines Data Pipelines for the Streaming Era with Stream Designer

2 months ago - Business Wire

Why I Own Confluent Stock

This fast-growing tech stock might be one to take a small position in.

2 months ago - The Motley Fool

2 Monster Growth Stocks That Millionaires Can't Stop Buying

These two investors can't get enough of The Trade Desk and Confluent.

Other symbols: TTD
2 months ago - The Motley Fool

Life sciences is undervalued right now, says JMP Securities Mark Lehmann

JMP Securities CEO Mark Lehmann joins 'Closing Bell: Overtime' to discuss why he likes health care stocks as the place to be right now.

Other symbols: CYTKKRTX
2 months ago - CNBC Television

2 Cloud Data Stocks Wall Street Says to Buy Right Now

Analysts tracking these two stocks all agree they should be additions to your portfolio.

Other symbols: SPLK
2 months ago - The Motley Fool

Confluent to Host Investor Session at Current on October 4, 2022

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming platform to set data in motion, today announced that it will host an investor session on Tuesday, October 4, 20...

2 months ago - Business Wire