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.
Streaming Dominance | Confluent leads in data streaming with robust growth in subscription and cloud revenue, adding 320 customers in Q2 2024 amid market expansion |
Tech Arsenal Expands | Explore Confluent's strategic moves: WarpStream acquisition, Flink integration, and upcoming products position the company for long-term growth |
Market Dynamics | Delve into Confluent's $60B addressable market, projected to hit $100B by 2025, as competition intensifies from tech giants and specialized startups |
Financial Outlook | Analysts remain bullish with price targets ranging from $29 to $40, as Confluent targets non-GAAP operating margin breakeven for FY24 |
Metrics to compare | CFLT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipCFLTPeersSector | |
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P/E Ratio | −24.8x | 5.5x | 11.4x | |
PEG Ratio | −0.88 | −0.35 | 0.01 | |
Price/Book | 9.3x | 6.1x | 2.4x | |
Price / LTM Sales | 9.5x | 5.6x | 2.2x | |
Upside (Analyst Target) | 20.8% | −3.1% | 19.4% | |
Fair Value Upside | Unlock | 10.1% | 2.0% | Unlock |