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Confluent (CFLT) Stock Price, News & Analysis

+0.42 (+1.41%)
(As of 05/29/2024 ET)
Today's Range
50-Day Range
52-Week Range
2.82 million shs
Average Volume
4.65 million shs
Market Capitalization
$9.61 billion
P/E Ratio
Dividend Yield
Price Target

Confluent MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
9.2% Upside
$33.04 Price Target
Short Interest
7.74% of Float Sold Short
Dividend Strength
News Sentiment
0.35mentions of Confluent in the last 14 days
Based on 23 Articles This Week
Insider Trading
Selling Shares
$21.95 M Sold Last Quarter
Proj. Earnings Growth
From ($0.94) 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.

1.47 out of 5 stars

Business Services Sector

167th out of 310 stocks

Prepackaged Software Industry

126th out of 201 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

Scoop Up This Disruptive Growth Stock for 22% Upside
Confluent, Inc. (NASDAQ:CFLT) CAO Sells $232,061.56 in Stock
Confluent, Inc. (NASDAQ:CFLT) CTO Sells $428,679.48 in Stock
Confluent, Inc. (NASDAQ:CFLT) CFO Sells $672,598.20 in Stock
See More Headlines
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Company Calendar

Last Earnings
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Prepackaged software
Current Symbol
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
27 Analysts


Net Income
Pretax Margin


Sales & Book Value

Annual Sales
$776.95 million
Book Value
$2.66 per share


Free Float
Market Cap
$9.66 billion
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CFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell Confluent stock right now?

27 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last year. There are currently 1 sell rating, 6 hold ratings and 20 buy ratings for the stock. The consensus among Wall Street 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 brokerages have issued 1 year price objectives for Confluent's shares. Their CFLT share price targets range from $21.00 to $40.00. On average, they anticipate the company's stock price to reach $33.04 in the next year. This suggests a possible upside of 9.2% 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 2024. Since then, CFLT stock has increased by 29.3% and is now trading at $30.25.
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) posted its quarterly earnings results on Tuesday, May, 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.24) by $0.04. The company had revenue of $217.24 million for the quarter, compared to analyst estimates of $211.57 million. Confluent had a negative net margin of 46.73% and a negative trailing twelve-month return on equity of 40.55%.

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 EPS guidance of 0.040-0.050 for the period, compared to the consensus earnings per share 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 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.

Who are Confluent's major shareholders?

Confluent's stock is owned by a variety 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, Eric Vishria, 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 5/29/2024 by Staff

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