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S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
pixel
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
pixel
S&P 500   4,455.48
DOW   34,798.00
QQQ   373.33
pixel
pixel
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NASDAQ:CFLT

Confluent Stock Forecast, Price & News

$71.16
-1.45 (-2.00 %)
(As of 09/24/2021 04:00 PM ET)
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Today's Range
$66.81
$74.25
50-Day Range
$39.00
$72.61
52-Week Range
$37.71
$74.25
Volume929,858 shs
Average Volume1.24 million shs
Market Capitalization$18.53 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
30 days | 90 days | 365 days | Advanced Chart
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About Confluent

Confluent, Inc. engages in developing cloud-native platform for data-in-motion that helps companies to connect their applications around real-time streams in the United States and internationally. The company offers Apache Kafka, a community distributed event streaming platform. Its products also include Confluent Cloud, a managed cloud-native service for Apache Kafka to connect and process data of user companies; Confluent platform, a self-managed platform to connect, process, and react to data in real-time for streaming data from across the organization for customer experiences and data-driven operations; ksqlDB that enables users to build real-time applications; and Confluent hub. The company's solutions also include insurance, automotive, technology, fraud detection, customer 360, messaging modernization, streaming ETL, event-driven microservices, mainframe offload, SIEM optimization, bridge to cloud, and internet of things. It also provides professional services and tools for Confluent customers to help in streaming platform adoption; and training and certification programs for Confluent education. The company serves financial services, gaming, government, manufacturing, media and entertainment, and retail and eCommerce industries. It has a strategic alliance with Microsoft. 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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MarketRank

Overall MarketRank

1.12 out of 5 stars

Business Services Sector

307th out of 392 stocks

Prepackaged Software Industry

226th out of 251 stocks

Analyst Opinion: 2.2Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
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Confluent (NASDAQ:CFLT) Frequently Asked Questions

Is Confluent a buy right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Confluent stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CFLT, but not buy additional shares or sell existing shares.
View analyst ratings for Confluent
or view top-rated stocks.

What stocks does MarketBeat like better than Confluent?

Wall Street analysts have given Confluent a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Confluent wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Confluent's next earnings date?

Confluent is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Confluent
.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Thursday, August, 5th. The company reported ($0.60) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.10. The company earned $88.34 million during the quarter, compared to the consensus estimate of $76.48 million.
View Confluent's earnings history
.

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

Confluent updated its FY 2021 earnings guidance on Thursday, September, 2nd. The company provided earnings per share (EPS) guidance of $-1.070-$-1.050 for the period. The company issued revenue guidance of $347 million-$351 million.

What price target have analysts set for CFLT?

14 Wall Street analysts have issued twelve-month target prices for Confluent's stock. Their forecasts range from $37.00 to $61.00. On average, they expect Confluent's share price to reach $46.99 in the next twelve months. This suggests that the stock has a possible downside of 34.0%.
View analysts' price targets for Confluent
or view top-rated stocks among Wall Street analysts.

Who are Confluent's key executives?

Confluent's management team includes the following people:
  • Mr. Edward Kreps, Co-Founder, Chairman, CEO & Director (Age 41, Pay $22.31M)
  • Ms. Neha Narkhede, Co-Founder & Director (Age 36, Pay $57.19M)
  • Mr. Steffan C. Tomlinson, Chief Financial Officer (Age 50, Pay $510.34k)
  • Ms. Erica Ruliffson Schultz, Pres of Field Operations (Age 47, Pay $751.13k)
  • Mr. Jun Rao, Co-Founder
  • Ms. Melanie D. Vinson, Chief Legal Officer (Age 50)
  • Ms. Cheryl Dalrymple, Chief People Officer, Head of Corp. Devel. & Sec.
  • Mr. Simon Hayes, VP of Corp. & Bus. Devel.
  • Ms. Stephanie Buscemi, Chief Marketing Officer (Age 49)
  • Mr. Roger Scott, Chief Customer Officer

When did Confluent IPO?

(CFLT) raised $713 million in an initial public offering 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.

What is Confluent's stock symbol?

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

When did the company's quiet period expire?

Confluent's quiet period expired on Tuesday, August 3rd. Confluent had issued 23,000,000 shares in its public offering on June 24th. The total size of the offering was $828,000,000 based on an initial share price of $36.00. During the company's quiet period, insiders and any underwriters that worked on the IPO were restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Confluent's major shareholders?

Confluent's stock is owned by many different institutional and retail investors. Top institutional shareholders include Durable Capital Partners LP (2.14%), Lone Pine Capital LLC (1.39%), Coatue Management LLC (0.68%), FMR LLC (0.67%), Vanguard Group Inc. (0.59%) and Light Street Capital Management LLC (0.54%).

Which institutional investors are buying Confluent stock?

CFLT stock was acquired by a variety of institutional investors in the last quarter, including Durable Capital Partners LP, Lone Pine Capital LLC, Coatue Management LLC, FMR LLC, Vanguard Group Inc., Light Street Capital Management LLC, JPMorgan Chase & Co., and Price T Rowe Associates Inc. MD.

How do I buy shares of Confluent?

Shares of CFLT 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 $71.16.

How much money does Confluent make?

Confluent has a market capitalization of $18.53 billion and generates $236.58 million in revenue each year.

How many employees does Confluent have?

Confluent employs 1,473 workers across the globe.

What is Confluent's official website?

The official website for Confluent is www.confluent.io.

How can I contact Confluent?

The company can be reached via phone at 800-439-3207 or via email at [email protected].


This page was last updated on 9/25/2021 by MarketBeat.com Staff

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