Confluent Inc (CFLT)

NASDAQ
Currency in USD
34.77
-0.08(-0.23%)
Real-time Data
CFLT Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
34.4935.76
52 wk Range
17.7937.90
Key Statistics
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Prev. Close
34.85
Open
35.12
Day's Range
34.49-35.76
52 wk Range
17.79-37.9
Volume
2.23M
Average Vol. (3m)
4.55M
1-Year Change
2.62%
Book Value / Share
2.93
Fair Value
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Fair Value Upside
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CFLT Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
37.61
Upside
+8.16%
Members' Sentiments
Bearish
Bullish
ProTips
16 analysts have revised their earnings upwards for the upcoming period
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Confluent Inc Company Profile

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.

Employees
2744

Confluent Inc SWOT Analysis


Market Dynamics
Analyst price targets range from $29 to $40, reflecting confidence in Confluent's growth prospects despite fierce competition and economic uncertainties
AI-Driven Opportunities
Learn how Confluent's expansion into generative AI and machine learning applications is opening new revenue streams and solidifying its market position
Financial Resilience
Delve into Confluent's robust financial health, impressive revenue growth, and improving profitability metrics amid market volatility and spending optimization
Data Streaming Pionee
Explore Confluent's leadership in real-time data processing, its innovative solutions, and strategic acquisitions shaping the future of data streaming technology
Read full SWOT analysis

Confluent Inc Earnings Call Summary for Q3/2024

  • Subscription revenue up 27% to $240M; total revenue rose 25% to $250M. Confluent Cloud revenue surged 42% to $130M, over 50% of total.
  • Record gross margins: subscription at 82.2%, free cash flow at 3.7%. Customer count grew 16% to 5,680, with healthcare and tech sector gains.
  • Q4 2024 subscription revenue projected $245-246M; full-year $916.5-917.5M, up 26%. Investor Day 2025 set for March 6 in San Francisco.
  • Slight decrease in net revenue retention from 118% to 117%. Planned expansion by strategic partner didn't materialize, affecting revenue.
  • Management optimistic about future growth, citing strong customer engagement and sales capacity for the upcoming year.
Last Updated: 10/31/2024, 12:30 PM
Read Full Transcript

Compare CFLT to Peers and Sector

Metrics to compare
CFLT
Peers
Sector
Relationship
P/E Ratio
−33.1x−20.8x11.6x
PEG Ratio
−1.221.290.01
Price / Book
11.9x10.5x2.4x
Price / LTM Sales
11.8x7.3x2.2x
Upside (Analyst Target)
9.0%7.7%21.0%
Fair Value Upside
Unlock−11.2%3.9%Unlock

Analyst Ratings

24 Buy
9 Hold
1 Sell
Ratings:
34 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 37.61
(+8.16% Upside)

Earnings

Latest Release
Feb 11, 2025
EPS / Forecast
0.09 / 0.06
Revenue / Forecast
261.20M / 256.86M
EPS Revisions
Last 90 days

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FAQ

What Is the Confluent (CFLT) Stock Price Today?

The Confluent stock price today is 34.77

What Stock Exchange Does Confluent Trade On?

Confluent is listed and trades on the NASDAQ stock exchange.

What Is the Stock Symbol for Confluent?

The stock symbol for Confluent is "CFLT."

What Is the Confluent Market Cap?

As of today, Confluent market cap is 11.45B.

What is Confluent Earnings Per Share?

The Confluent EPS is -1.07.

What Is the Next Confluent Earnings Date?

Confluent will release its next earnings report on May 01, 2025.

From a Technical Analysis Perspective, Is CFLT a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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