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DOW   36,117.38
QQQ   390.43
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What are consumer staples stocks?
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
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Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Is Amazon a blue chip stock?
How to find penny stocks to invest and trade 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary
S&P 500   4,585.59
DOW   36,117.38
QQQ   390.43
Forward dividend yield: What it is and how to use it 
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
What are consumer staples stocks?
Healthcare sector: Overview and keys to investing
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Is Amazon a blue chip stock?
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[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
How to invest in GTE technology: A guide 
Consumer staples vs. consumer discretionary

Confluent Stock Price, News & Analysis (NASDAQ:CFLT)

$23.04
-0.17 (-0.73%)
(As of 12/7/2023 ET)
Compare
Today's Range
$22.51
$23.33
50-Day Range
$16.28
$31.50
52-Week Range
$14.69
$41.22
Volume
3.12 million shs
Average Volume
4.39 million shs
Market Capitalization
$7.09 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.67

Confluent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.69 Rating Score
Upside/​Downside
28.8% Upside
$29.67 Price Target
Short Interest
Healthy
10.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.66mentions of Confluent in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$3.28 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.05) to ($0.84) Per Share

Overall MarketRank

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

2.58 out of 5 stars

Business Services Sector

52nd out of 257 stocks

Prepackaged Software Industry

22nd out of 170 stocks


CFLT stock logo

About Confluent Stock (NASDAQ: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 applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of Apache Kafka without bypassing requirements for risk management and regulatory compliance. In addition, the company offers training and professional services. It serves automotive, communication, financial services, gaming, government, insurance, manufacturing, retail and ecommerce, 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

Confluent Named a Leader in Streaming Data Platforms
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Why Confluent Stock Was Racing Higher This Week
Confluent: Expectations Reset, Upgrading To Buy
Should Investors Buy the Dip in Confluent Stock?
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Why Confluent Was Bouncing Back Strong Today
Confluent Recognized as a Leader in Cloud Data Pipelines
Confluent initiated with an Outperform at Bernstein
What 19 Analyst Ratings Have To Say About Confluent
Why Confluent (CFLT) Stock Is Trading Up Today
Confluent: Crash Due To Broken Narrative
Brad Gerstner Stock Portfolio: 5 Top Stock Picks
Capital One Upgrades Confluent Inc (CFLT)
18 Analysts Have This to Say About Confluent
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
12/07/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
1/29/2024

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 Target
$29.67
High Stock Price Target
$42.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+28.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.69
Research Coverage
26 Analysts

Profitability

Net Income
$-452,550,000.00
Pretax Margin
-61.09%

Debt

Sales & Book Value

Annual Sales
$732.43 million
Book Value
$2.66 per share

Miscellaneous

Free Float
239,896,000
Market Cap
$7.09 billion
Optionable
Not Optionable
Beta
0.66
12 Stocks Corporate Insiders are Abandoning Cover

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CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

26 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 1 sell rating, 6 hold ratings and 19 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?

26 analysts have issued twelve-month target prices for Confluent's shares. Their CFLT share price targets range from $21.00 to $42.00. On average, they predict the company's stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 28.8% 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 2023?

Confluent's stock was trading at $22.24 at the beginning of 2023. Since then, CFLT shares have increased by 3.6% and is now trading at $23.04.
View the best growth stocks for 2023 here
.

Are investors shorting Confluent?

Confluent saw a drop in short interest in November. As of November 15th, there was short interest totaling 20,820,000 shares, a drop of 17.6% from the October 31st total of 25,260,000 shares. Based on an average trading volume of 5,080,000 shares, the days-to-cover ratio is presently 4.1 days. Currently, 10.1% of the shares of the stock are short sold.
View Confluent's Short Interest
.

When is Confluent's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, January 29th 2024.
View our CFLT earnings forecast
.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) announced its quarterly earnings results on Wednesday, November, 1st. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.27) by $0.01. The company had revenue of $200.18 million for the quarter, compared to analyst estimates of $194.82 million. Confluent had a negative trailing twelve-month return on equity of 50.81% and a negative net margin of 62.06%.

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

Confluent issued an update on its fourth quarter earnings guidance on Wednesday, November, 1st. The company provided EPS guidance of $0.05 for the period, compared to the consensus estimate of $0.05. The company issued revenue guidance of $204-$205 million, compared to the consensus revenue estimate of $212.27 million.

When did Confluent IPO?

(CFLT) raised $713 million in an 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 acted 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 a variety of institutional and retail investors. Top institutional investors include Invesco Ltd. (1.24%), Atreides Management LP (0.98%), Polar Capital Holdings Plc (0.63%), Charles Schwab Investment Management Inc. (0.60%), Allspring Global Investments Holdings LLC (0.50%) and Fred Alger Management LLC (0.45%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CFLT) was last updated on 12/8/2023 by MarketBeat.com Staff

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