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MSFT   382.70 (+1.08%)
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NVDA   478.21 (-0.87%)
NIO   7.21 (+0.28%)
BABA   76.72 (-1.04%)
AMD   122.01 (-0.52%)
T   16.18 (-0.19%)
F   10.39 (+0.48%)
MU   76.12 (-1.79%)
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GE   118.85 (-0.93%)
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XOM   103.90 (-0.06%)

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

$20.50
+1.79 (+9.57%)
(As of 11/28/2023 ET)
Compare
Today's Range
$19.06
$21.07
50-Day Range
$16.28
$31.50
52-Week Range
$14.69
$41.22
Volume
8.87 million shs
Average Volume
4.35 million shs
Market Capitalization
$6.31 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
44.7% Upside
$29.67 Price Target
Short Interest
Healthy
10.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of Confluent in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$9.96 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.

2.47 out of 5 stars

Business Services Sector

88th out of 309 stocks

Prepackaged Software Industry

37th out of 196 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

Why Confluent Was Bouncing Back Strong Today
Confluent Recognized as a Leader in Cloud Data Pipelines
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
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
Secure your stake in the Smart Home industry.
Last chance to invest in RYSE – the shade automation technology launching in over 100 Best Buy stores this month.
Brad Gerstner Stock Portfolio: 5 Top Stock Picks
Capital One Upgrades Confluent Inc (CFLT)
18 Analysts Have This to Say About Confluent
Guggenheim Upgrades Confluent Inc (CFLT)
See More Headlines
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Company Calendar

Last Earnings
11/01/2023
Today
11/28/2023
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
+44.7%
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
$585.94 million
Book Value
$2.66 per share

Miscellaneous

Free Float
239,896,000
Market Cap
$6.31 billion
Optionable
Not Optionable
Beta
1.03
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Key Executives















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 brokerages have issued 1 year target prices for Confluent's stock. Their CFLT share price targets range from $21.00 to $42.00. On average, they anticipate the company's share price to reach $29.67 in the next twelve months. This suggests a possible upside of 44.7% 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 2023?

Confluent's stock was trading at $22.24 at the beginning of 2023. Since then, CFLT stock has decreased by 7.8% and is now trading at $20.50.
View the best growth stocks for 2023 here
.

Are investors shorting Confluent?

Confluent saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 20,820,000 shares, a decrease of 17.6% from the October 31st total of 25,260,000 shares. Based on an average daily volume of 5,080,000 shares, the short-interest ratio is currently 4.1 days. Approximately 10.1% of the company's 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 analysts' consensus estimates of ($0.27) by $0.01. The business had revenue of $200.18 million for the quarter, compared to the consensus estimate 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 EPS 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 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.

Who are Confluent's major shareholders?

Confluent's stock is owned by many different institutional and retail investors. Top institutional shareholders 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 11/28/2023 by MarketBeat.com Staff

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