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Confluent Inc (CFLT)

NASDAQ
Currency in USD
26.50
-1.06(-3.85%)
Closed
After Hours
27.00+0.50(+1.89%)
CFLT Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
26.3027.40
52 wk Range
17.2635.07
Prev. Close
27.56
Open
27.4
Day's Range
26.3-27.4
52 wk Range
17.26-35.07
Volume
3,513,930
Average Volume (3m)
3,792,557
1-Year Change
56.9%
Book Value / Share
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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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Upsidepro lock
Price Target
31.53
Upside
+18.98%
Members' Sentiments
Bearish
Bullish
ProTips
10 analysts have revised their earnings upwards for the upcoming period
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Confluent 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
2761

InvestingPro Research for Confluent Inc


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
Read full SWOT analysis

Compare CFLT to Peers and Sector

Metrics to compare
CFLT
Peers
Sector
Relationship
P/E Ratio
−24.8x5.5x11.4x
PEG Ratio
−0.88−0.350.01
Price/Book
9.3x6.1x2.4x
Price / LTM Sales
9.5x5.6x2.2x
Upside (Analyst Target)
20.8%−3.1%19.4%
Fair Value Upside
Unlock10.1%2.0%Unlock

FAQ

What Is the Confluent (CFLT) Stock Price Today?

The Confluent stock price today is 26.50.

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 8.69B.

What is Confluent Earnings Per Share?

The Confluent EPS is -1.11.

What Is the Next Confluent Earnings Date?

Confluent will release its next earnings report on 05 Feb 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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