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S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
BREAKING: Tiny biotech successfully treats blindness (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
NASDAQ:CFLT

Confluent (CFLT) Stock Forecast, Price & News

$35.44
+0.88 (+2.55%)
(As of 06/5/2023 ET)
Compare
Today's Range
$33.46
$35.49
50-Day Range
$19.96
$35.44
52-Week Range
$16.60
$35.49
Volume
5.29 million shs
Average Volume
3.85 million shs
Market Capitalization
$10.49 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.80

Confluent MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
15.9% Downside
$29.80 Price Target
Short Interest
Bearish
10.12% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of Confluent in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$40.84 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.26) to ($1.00) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.60 out of 5 stars

Business Services Sector

282nd out of 330 stocks

Prepackaged Software Industry

176th out of 213 stocks


CFLT stock logo

About Confluent (NASDAQ:CFLT) Stock

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, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. 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.

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CFLT Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Confluent (NASDAQ:CFLT) Shares Gap Up to $28.71
Confluent: Margins Are A Vulnerability
Confluent, Inc. (NASDAQ:CFLT) CMO Sells $93,607.36 in Stock
Confluent Insider Trades Send a Signal
See More Headlines

CFLT Price History

CFLT Company Calendar

Last Earnings
5/03/2023
Today
6/06/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CFLT
Fax
N/A
Employees
2,761
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$29.80
High Stock Price Forecast
$39.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
-15.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
18 Analysts

Profitability

Net Income
$-452,550,000.00
Pretax Margin
-76.46%

Debt

Sales & Book Value

Annual Sales
$634.11 million
Book Value
$2.66 per share

Miscellaneous

Free Float
230,746,000
Market Cap
$10.49 billion
Optionable
Not Optionable
Beta
0.96

Key Executives

  • Mr. Edward KrepsMr. Edward Kreps (Age 42)
    Co-Founder, Chairman & CEO
    Comp: $350k
  • Ms. Neha NarkhedeMs. Neha Narkhede (Age 36)
    Co-Founder & Director
  • Mr. Steffan C. TomlinsonMr. Steffan C. Tomlinson (Age 51)
    Chief Financial Officer
    Comp: $856.38k
  • Ms. Erica Ruliffson Schultz (Age 48)
    Pres of Field Operations
    Comp: $1.13M
  • Mr. Jun Rao
    Co-Founder
  • Ms. Ying Liu
    Chief Accounting Officer
  • Ms. Melanie D. Vinson (Age 51)
    Chief Legal Officer
  • Mr. Simon Hayes
    VP of Corp. & Bus. Devel.
  • Ms. Stephanie Buscemi (Age 50)
    Chief Marketing Officer
  • Ms. Gunjan Aggarwal
    Chief People Officer













CFLT Stock - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CFLT shares.
View CFLT analyst ratings
or view top-rated stocks.

What is Confluent's stock price forecast for 2023?

18 equities research analysts have issued twelve-month price objectives for Confluent's stock. Their CFLT share price forecasts range from $21.00 to $39.00. On average, they expect the company's stock price to reach $29.80 in the next twelve months. This suggests that the stock has a possible downside of 15.9%.
View analysts price targets for CFLT
or view top-rated stocks among Wall Street analysts.

How have CFLT shares performed in 2023?

Confluent's stock was trading at $22.24 at the start of the year. Since then, CFLT stock has increased by 59.4% and is now trading at $35.44.
View the best growth stocks for 2023 here
.

Are investors shorting Confluent?

Confluent saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 17,740,000 shares, an increase of 10.8% from the April 30th total of 16,010,000 shares. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 10.1% of the shares of the stock are sold short.
View Confluent's Short Interest
.

When is Confluent's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our CFLT earnings forecast
.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) posted its quarterly earnings data on Wednesday, May, 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.36). The business earned $174.30 million during the quarter, compared to analysts' expectations of $167.12 million. Confluent had a negative trailing twelve-month return on equity of 56.31% and a negative net margin of 77.61%.

What guidance has Confluent issued on next quarter's earnings?

Confluent issued an update on its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.08--$0.06 for the period, compared to the consensus earnings per share estimate of -$0.10. The company issued revenue guidance of $181.00 million-$183.00 million, compared to the consensus revenue estimate of $181.40 million.

When did Confluent IPO?

(CFLT) raised $713 million in an initial public offering (IPO) on Thursday, June 24th 2021. The company issued 23,000,000 shares at $29.00-$33.00 per share. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities and Citigroup served as the underwriters for the IPO and Barclays, Credit Suisse, Deutsche Bank Securities, UBS Securities, Wells Fargo Securities, Cowen, D.A. Davidson, JMP Securities, KeyBanc Capital Markets and Piper Sandler were co-managers.

What is Confluent's stock symbol?

Confluent trades on the NASDAQ under the ticker symbol "CFLT."

Who are Confluent's major shareholders?

Confluent's stock is owned by a number of institutional and retail investors. Top institutional investors include Davidson Kempner Capital Management LP (0.00%), Altimeter Capital Management LP (4.98%), Price T Rowe Associates Inc. MD (4.29%), Atreides Management LP (1.32%), First Trust Advisors LP (1.31%) and Franklin Resources Inc. (0.88%). Insiders that own company stock include An-Yen Hu, Brad Gerstner, Chad Verbowski, Chetan Puttagunta, Edward Jay Kreps, Erica Schultz, Jonathan Chadwick, Lara Caimi, Michelangelo Volpi, Neha Narkhede, Peter H Fenton, Steffan Tomlinson, Stephanie Buscemi, Steven M Spurlock, Ventures Vii (Jersey) L Index and Ying Christina Liu.
View institutional ownership trends
.

How do I buy shares of Confluent?

Shares of CFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Confluent's stock price today?

One share of CFLT stock can currently be purchased for approximately $35.44.

How much money does Confluent make?

Confluent (NASDAQ:CFLT) has a market capitalization of $10.49 billion and generates $634.11 million in revenue each year. The company earns $-452,550,000.00 in net income (profit) each year or ($1.72) on an earnings per share basis.

How many employees does Confluent have?

The company employs 2,761 workers across the globe.

How can I contact Confluent?

The official website for the company is www.confluent.io. The company can be reached via phone at 800-439-3207 or via email at investors@confluent.io.

This page (NASDAQ:CFLT) was last updated on 6/6/2023 by MarketBeat.com Staff

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