NASDAQ:CFLT

Confluent (CFLT) Stock Price, News & Analysis

$28.88
+0.35 (+1.23%)
(As of 04/24/2024 ET)
Today's Range
$28.25
$29.25
50-Day Range
$26.89
$34.53
52-Week Range
$14.69
$41.22
Volume
2.78 million shs
Average Volume
4.93 million shs
Market Capitalization
$9.03 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$30.64

Confluent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
6.1% Upside
$30.64 Price Target
Short Interest
Bearish
9.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.30mentions of Confluent in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$46.44 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.92) to ($0.86) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.56 out of 5 stars

Business Services Sector

233rd out of 306 stocks

Prepackaged Software Industry

167th out of 197 stocks

CFLT stock logo

About Confluent Stock (NASDAQ:CFLT)

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. It offers connectors for existing applications, and IT and cloud infrastructure; Apache Flink services that allows teams to create reusable data streams that can be delivered real-time; ksqlDB, a data-in-motion database that allows users to build data-in-motion applications using a few SQL statements; stream governance, a managed data governance suite that is designed for the intricacies of streaming data, which allows teams to accelerate data streaming initiatives without bypassing controls for risk management and regulatory compliance; and stream designer which builds streaming data pipelines visually. In addition, the company offers professional services comprising packaged and residency offerings; education offerings consisting of instructor-led and self-paced training and certification guidance, technical resources, and access to hands-on training and certification exams; and certification programs. It serves banking and financial services industries, as well as retail and e-commerce, manufacturing, automotive, communication service providers, gaming, public sector, insurance, and technology industries. 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.

CFLT Stock Price History

CFLT Stock News Headlines

Thousands of investors use this no cost solution | Do you?
In today’s volatile markets we are all looking for the edge. But imagine tapping into a world where every investment move has the potential to be ahead of the curve. Most investors have heard of the publication Insider Financial. For nearly a decade, they've unlocked doors to opportunities tucked away from the public eye, guiding over a million investors with well researched information before it hits the mainstream media.
Key Takeaways From Confluent Analyst Ratings
Thousands of investors use this no cost solution | Do you?
In today’s volatile markets we are all looking for the edge. But imagine tapping into a world where every investment move has the potential to be ahead of the curve. Most investors have heard of the publication Insider Financial. For nearly a decade, they've unlocked doors to opportunities tucked away from the public eye, guiding over a million investors with well researched information before it hits the mainstream media.
Confluent: Share Price Rebound Is Overly Optimistic
Spear Advisors Q4 2023 Fund Letter
Wells Fargo Reaffirms Their Buy Rating on Confluent (CFLT)
Deep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)
See More Headlines
Receive CFLT Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Confluent and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/07/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:CFLT
Fax
N/A
Employees
2,744
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.64
High Stock Price Target
$40.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+6.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
25 Analysts

Profitability

Net Income
$-442,750,000.00
Pretax Margin
-52.34%

Debt

Sales & Book Value

Annual Sales
$776.95 million
Book Value
$2.60 per share

Miscellaneous

Free Float
243,595,000
Market Cap
$9.03 billion
Optionable
Optionable
Beta
0.91
Investing Strategies To Help Grow Your Retirement Income Cover

Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.

Get This Free Report

CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 1 sell rating, 8 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CFLT shares.
View CFLT analyst ratings
or view top-rated stocks.

What is Confluent's stock price target for 2024?

25 Wall Street research analysts have issued 1 year price targets for Confluent's stock. Their CFLT share price targets range from $21.00 to $40.00. On average, they anticipate the company's share price to reach $30.64 in the next year. This suggests a possible upside of 6.1% from the stock's current price.
View analysts price targets for CFLT
or view top-rated stocks among Wall Street analysts.

How have CFLT shares performed in 2024?

Confluent's stock was trading at $23.40 at the beginning of the year. Since then, CFLT shares have increased by 23.4% and is now trading at $28.88.
View the best growth stocks for 2024 here
.

When is Confluent's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our CFLT earnings forecast
.

How can I listen to Confluent's earnings call?

Confluent will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) released its earnings results on Wednesday, February, 7th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.01. The business had revenue of $213.18 million for the quarter, compared to analyst estimates of $204.62 million. Confluent had a negative net margin of 56.99% and a negative trailing twelve-month return on equity of 44.16%.

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

Confluent issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share (EPS) guidance of 0.000-0.020 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $211.0 million-$212.0 million, compared to the consensus revenue estimate of $210.6 million.

When did Confluent IPO?

Confluent (CFLT) raised $713 million in an IPO on Thursday, June 24th 2021. The company issued 23,000,000 shares at a price of $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.

Who are Confluent's major shareholders?

Confluent's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.12%), IMC Chicago LLC (0.00%), Renaissance Capital LLC (0.04%), Wealth Enhancement Advisory Services LLC (0.01%), Gulf International Bank UK Ltd (0.01%) and Diversified Trust Co (0.01%). 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, Rohan Sivaram, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CFLT) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners