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NASDAQ:CFLT

Confluent (CFLT) Stock Forecast, Price & News

$28.75
-0.88 (-2.97%)
(As of 10:15 AM ET)
Compare
Today's Range
$28.75
$29.46
50-Day Range
$28.41
$36.82
52-Week Range
$16.60
$41.22
Volume
449,077 shs
Average Volume
3.95 million shs
Market Capitalization
$8.69 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$36.90

Confluent MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
24.6% Upside
$36.90 Price Target
Short Interest
Bearish
11.93% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Confluent in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$16.99 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.09) to ($0.89) Per Share

Overall MarketRank

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

1.96 out of 5 stars

Business Services Sector

215th out of 321 stocks

Prepackaged Software Industry

151st out of 210 stocks


CFLT stock logo

About Confluent (NASDAQ:CFLT) Stock

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 Price History

CFLT Stock News Headlines

Confluent (NASDAQ:CFLT) Stock Rating Reaffirmed by William Blair
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Confluent (CFLT) Gets a Buy from D.A. Davidson
The "Plug and Play" Model Putting Online Giants to Shame
While e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."
Confluent, Inc. (NASDAQ:CFLT) CTO Chad Verbowski Sells 8,519 Shares
Confluent (NASDAQ:CFLT) Given "Buy" Rating at Needham & Company LLC
Confluent: Streaming To Success
Is Confluent Stock a Buy, Sell, or Hold?
Confluent's Uncertain Path Amid Rich Valuation
Confluent Announces the Data Streaming Startup Challenge
Confluent Unusual Options Activity
See More Headlines
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CFLT Company Calendar

Last Earnings
8/02/2023
Today
10/03/2023
Next Earnings (Estimated)
11/01/2023
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
$36.90
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+24.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
21 Analysts

Profitability

Net Income
$-452,550,000.00
Pretax Margin
-68.79%

Debt

Sales & Book Value

Annual Sales
$585.94 million
Book Value
$2.66 per share

Miscellaneous

Free Float
235,647,000
Market Cap
$8.96 billion
Optionable
Not Optionable
Beta
1.03
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Key Executives

  • Mr. Edward  KrepsMr. Edward Kreps (Age 43)
    Co-Founder, Chairman & CEO
    Comp: $380k
  • Ms. Neha  NarkhedeMs. Neha Narkhede (Age 37)
    Co-Founder & Director
    Comp: $30k
  • Mr. Chad Verbowski (Age 49)
    Chief Technology Officer
    Comp: $634.25k
  • Ms. Stephanie Buscemi (Age 51)
    Chief Marketing Officer
    Comp: $626.88k
  • Ms. Erica Ruliffson Schultz (Age 49)
    Pres of Field Operations
    Comp: $799.5k
  • Mr. Jun Rao
    Co-Founder
  • Mr. Rohan Sivaram
    Chief Financial Officer
  • Ms. Ying Liu
    Chief Accounting Officer
  • Shane Xie
    Investor Relations Officer
  • Ms. Melanie D. Vinson (Age 52)
    Chief Legal Officer













CFLT Stock - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 6 hold ratings and 15 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 forecast for 2023?

21 brokers have issued 12-month price targets for Confluent's stock. Their CFLT share price forecasts range from $21.00 to $45.00. On average, they anticipate the company's stock price to reach $36.90 in the next year. This suggests a possible upside of 24.6% 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 33.2% and is now trading at $29.63.
View the best growth stocks for 2023 here
.

Are investors shorting Confluent?

Confluent saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 23,760,000 shares, an increase of 10.3% from the August 31st total of 21,550,000 shares. Based on an average daily trading volume, of 3,700,000 shares, the days-to-cover ratio is currently 6.4 days. Currently, 11.9% of the company's shares 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 Wednesday, November 1st 2023.
View our CFLT earnings forecast
.

How were Confluent's earnings last quarter?

Confluent, Inc. (NASDAQ:CFLT) announced its earnings results on Wednesday, August, 2nd. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.01. The business earned $189.29 million during the quarter, compared to analyst estimates of $182.18 million. Confluent had a negative net margin of 69.87% and a negative trailing twelve-month return on equity of 54.53%.

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

Confluent issued an update on its third quarter 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of -$0.01-0 for the period, compared to the consensus estimate of -$0.05. The company issued revenue guidance of $193.50 million-$195.50 million, compared to the consensus revenue estimate of $176.11 million.

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 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.

What is Confluent's stock symbol?

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

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 $29.63.

How much money does Confluent make?

Confluent (NASDAQ:CFLT) has a market capitalization of $8.96 billion and generates $585.94 million in revenue each year. The company earns $-452,550,000.00 in net income (profit) each year or ($1.65) 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 10/3/2023 by MarketBeat.com Staff

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