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NASDAQ:CFLT

Confluent (CFLT) Stock Price, News & Analysis

$31.27
-0.27 (-0.86%)
(As of 10:16 AM ET)
Today's Range
$31.26
$31.80
50-Day Range
$26.89
$32.23
52-Week Range
$14.69
$41.22
Volume
133,440 shs
Average Volume
4.69 million shs
Market Capitalization
$9.94 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$33.04

Confluent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
4.7% Upside
$33.04 Price Target
Short Interest
Healthy
7.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Confluent in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$20.38 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.93) to ($0.89) 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.

2.56 out of 5 stars

Business Services Sector

179th out of 309 stocks

Prepackaged Software Industry

123rd out of 202 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

Comparing WalkMe (NASDAQ:WKME) and Confluent (NASDAQ:CFLT)
Decoding 16 Analyst Evaluations For Confluent
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Company Calendar

Last Earnings
1/30/2023
Today
5/22/2024
Next Earnings (Estimated)
8/07/2024
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
$33.04
High Stock Price Target
$40.00
Low Stock Price Target
$21.00
Potential Upside/Downside
+4.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
27 Analysts

Profitability

Net Income
$-442,750,000.00
Pretax Margin
-42.23%

Debt

Sales & Book Value

Annual Sales
$819.89 million
Book Value
$2.60 per share

Miscellaneous

Free Float
273,910,000
Market Cap
$10.02 billion
Optionable
Optionable
Beta
0.93
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CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street equities 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?

27 analysts have issued twelve-month target prices 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 $33.04 in the next twelve months. This suggests a possible upside of 4.7% 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 stock has increased by 34.8% and is now trading at $31.54.
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 Wednesday, August 7th 2024.
View our CFLT earnings forecast
.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) released its quarterly earnings results on Monday, January, 30th. The company reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.06. The firm had revenue of $168.70 million for the quarter, compared to analyst estimates of $162.53 million. Confluent had a negative net margin of 46.73% and a negative trailing twelve-month return on equity of 40.55%. Confluent's quarterly revenue was up 40.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.43) earnings per share.

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

Confluent updated its second quarter 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of 0.040-0.050 for the period, compared to the consensus EPS estimate of 0.040. The company issued revenue guidance of $229.0 million-$230.0 million, compared to the consensus revenue estimate of $229.3 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 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 number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.31%), Price T Rowe Associates Inc. MD (5.62%), 1832 Asset Management L.P. (1.90%), Capital Research Global Investors (1.76%), Champlain Investment Partners LLC (1.52%) and Jacobs Levy Equity Management Inc. (0.37%). 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 5/22/2024 by MarketBeat.com Staff

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