NASDAQ Framework: Confluent Inc.
1: 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. View Source2: Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors. View Source3: Confluent, Inc. provides a data streaming platform. The Company is engaged in designing data infrastructure to connect the applications, systems and data layers around a real-time central nervous system. The Company is focused on developing a category of data infrastructure focused on data in motion for developers and enterprises. It enables enterprises to deliver customer experiences for their business functions, departments, teams, applications, and data stores to have... View Source
Confluent, Inc. (NASDAQ:CFLT) is a data streaming pioneer that operates a platform designed to connect applications, systems, and data layers around a real-time central nervous system. The company offers both Confluent Cloud, a managed cloud-native software-as-a-service, and Confluent Platform, an enterprise-grade self-managed software. Its product suite includes connectors, Apache Flink services, ksqlDB, stream governance, and stream designer, catering to various industries such as banking, financial services, retail, e-commerce, manufacturing, automotive, and technology. Confluent has been recognized for its innovation and excellence, including being named the 2024 Microsoft OSS on Azure Global Partner of the Year 456.
4: 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. View Source5: Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors. View Source6: Confluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the Year View Source
UNKNOWN
The provided facts do not specify whether Confluent Inc. is still led by its founders or if the founders are heavily involved in the company's current operations.
The provided facts do not specify whether Confluent Inc. is still led by its founders or if the founders are heavily involved in the company's current operations.
MEDIUM RISK
Confluent Inc. shows promising growth potential with significant achievements, such as being named the 2024 Microsoft OSS on Azure Global Partner of the Year and launching new initiatives like "Build with Confluent" 78. However, the company has experienced a stock pullback and insider sales, which indicate some level of uncertainty 910. Additionally, while the company has a strong financial outlook with expected revenue growth, it faces risks related to competition and market positioning 1112. Therefore, Confluent Inc.'s financial situation can be considered medium risk.
Confluent Inc. shows promising growth potential with significant achievements, such as being named the 2024 Microsoft OSS on Azure Global Partner of the Year and launching new initiatives like "Build with Confluent" 78. However, the company has experienced a stock pullback and insider sales, which indicate some level of uncertainty 910. Additionally, while the company has a strong financial outlook with expected revenue growth, it faces risks related to competition and market positioning 1112. Therefore, Confluent Inc.'s financial situation can be considered medium risk.
7: Insider Monkey•8 days agoConfluent, Inc. (CFLT): Why Are Analysts Bullish on This Cloud Stock Right Now?We recently compiled a list of the 11 Best Cloud Stocks to Buy According to Analysts. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other cloud stocks. The surge in internet speed and usage has created a plethora of new industries in its wake such […]Business Wire•16 days agoConfluent to Announce Second Quarter 2024 Financial Results on July 31, 2024MOUNTAIN VIEW, Calif., July 08, 2024--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2024, which ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Confluent will host a live video webcast to discuss the results.Simply Wall St.•22 days agoWhen Should You Buy Confluent, Inc. (NASDAQ:CFLT)?Confluent, Inc. ( NASDAQ:CFLT ), is not the largest company out there, but it saw a double-digit share price rise of...Insider Monkey•25 days agoConfluent, Inc. (CFLT): Is Brad Gerstner Bullish on This Tech Stock Right Now?We recently compiled a list of the 10 Best Tech Stocks to Buy According to Brad Gerstner. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other tech stocks. Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of Altimeter […]Business Wire•28 days agoConfluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the YearMOUNTAIN VIEW, Calif., June 26, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.Business Wire•last monthConfluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming MarketMOUNTAIN VIEW, Calif., June 11, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced Build with Confluent, a new partner program that helps system integrators (SIs) speed up the development of data streaming use cases and quickly get them in front of the right audiences. It includes specialized software bundles for developing joint solutions faster, support from data streaming experts to certify offerings, and access to Confluent’s Go-To-Market (GTM) teams to amplifyGuruFocus.com•2 months agoDirector Lara Caimi Sells 5,399 Shares of Confluent Inc (CFLT)On June 3, 2024, Lara Caimi, a Director at Confluent Inc (NASDAQ:CFLT), executed a sale of 5,399 shares of the company, according to the SEC Filing.Business Wire•2 months agoNew Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts CostsMOUNTAIN VIEW, Calif., June 05, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. The report dives into how organizations use data streaming to innovate, accelerate AI adoption, improve business agility, power customer experiences, and overcome data accessibility and management challenges. Based on a survey of 4,110 IT leaders across 12 countries, the report shows the pivotal roleGuruFocus.com•2 months agoInsider Sale: Chief Technology Officer Chad Verbowski Sells 13,413 Shares of Confluent Inc (CFLT)On May 20, 2024, Chad Verbowski, the Chief Technology Officer of Confluent Inc (NASDAQ:CFLT), sold 13,413 shares of the company.GuruFocus.com•2 months agoInsider Sale: CFO Rohan Sivaram Sells 21,045 Shares of Confluent Inc (CFLT)Rohan Sivaram, the Chief Financial Officer of Confluent Inc (NASDAQ:CFLT), executed a sale of 21,045 shares of the company on May 20, 2024. View Source8: Confluent to Announce Second Quarter 2024 Financial Results on July 31, 2024 Business Wire Jul 8, 2024 12:30pm Confluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the Year Business Wire Jun 26, 2024 8:00pm Confluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming Market Business Wire Jun 11, 2024 1:00pm New Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts Costs Business Wire Jun 5, 2024 1:00pm Confluent to Present at Upcoming Investor Conferences Business Wire May 13, 2024 8:03pm Confluent Announces First Quarter 2024 Financial Results Business Wire May 7, 2024 8:03pm Confluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads Everywhere Business Wire May 2, 2024 4:30am Stocks to Watch: Disney, Confluent, Blue Bird Global News Select Feb 8, 2024 12:16am View Source9: Michael Turrin’s rating is based on a comprehensive analysis of Confluent’s financial outlook and market position. Confluent’s recent stock pullback, which saw a 19% decline despite a strong first-quarter performance, has been viewed by Turrin as an overreaction to concerns about management changes, competition, and technological positioning. He believes these concerns are overstated and sees a favorable setup for the second half of the year. The company’s guidance for the upcoming second quarter appears achievable, with predictions aligning with or exceeding consensus estimates, including a 23% year-over-year subscription revenue growth, and a conservative yet promising guide for net new cloud revenues. Further, Turrin expects Confluent’s focus on net new Cloud revenues to be a crucial metric, especially with management’s conservative guidance suggesting room for positive surprises, given the company’s history of outperforming such metrics. The transition of Confluent’s sales model from bookings to consumption is also anticipated to contribute to the improvement in new logo additions. Additionally, the growth potential of emerging products, particularly Connect and Govern, and the long-term potential of Process (Flink), provide upside risks to the company’s financial model in the second half of the year and beyond. The valuation at 8x EV/next twelve months revenues also supports the Buy rating, with Turrin’s price target reflecting a premium to peers but justified by Confluent’s significant long-term event-streaming market opportunity. View Source10: Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 26.59 percent of Confluent Inc shares are owned by insiders, and 66.37 percent are held by financial institutions. Verbowski Chad, the CHIEF TECHNOLOGY OFFICER at Confluent Inc (CFLT) has sold 8,312 shares of firm on Jun 20 ’24 at a price of $26.76 against the total amount of $0.22 million. In another inside trade, Sivaram Rohan, CHIEF FINANCIAL OFFICER of Confluent Inc (NASDAQ:CFLT) sold 858 shares of the firm on Jun 20 ’24 for a total worth of $22957.0 at a price of $26.76. An inside trade which took place on Jun 12 ’24, Director of Confluent Inc MILLER MATTHEW CRAIG sold 25,000 shares of firm against total price of $0.69 million at the cost of $27.77 per share. View Source11: Michael Turrin’s rating is based on a comprehensive analysis of Confluent’s financial outlook and market position. Confluent’s recent stock pullback, which saw a 19% decline despite a strong first-quarter performance, has been viewed by Turrin as an overreaction to concerns about management changes, competition, and technological positioning. He believes these concerns are overstated and sees a favorable setup for the second half of the year. The company’s guidance for the upcoming second quarter appears achievable, with predictions aligning with or exceeding consensus estimates, including a 23% year-over-year subscription revenue growth, and a conservative yet promising guide for net new cloud revenues. Further, Turrin expects Confluent’s focus on net new Cloud revenues to be a crucial metric, especially with management’s conservative guidance suggesting room for positive surprises, given the company’s history of outperforming such metrics. The transition of Confluent’s sales model from bookings to consumption is also anticipated to contribute to the improvement in new logo additions. Additionally, the growth potential of emerging products, particularly Connect and Govern, and the long-term potential of Process (Flink), provide upside risks to the company’s financial model in the second half of the year and beyond. The valuation at 8x EV/next twelve months revenues also supports the Buy rating, with Turrin’s price target reflecting a premium to peers but justified by Confluent’s significant long-term event-streaming market opportunity. View Source12: So while earnings quality is important, it's equally important to consider the risks facing Confluent at this point in time. In terms of investment risks, we've identified 3 warning signs with Confluent, and understanding them should be part of your investment process. View Source
13: Insider Monkey•8 days agoConfluent, Inc. (CFLT): Why Are Analysts Bullish on This Cloud Stock Right Now?We recently compiled a list of the 11 Best Cloud Stocks to Buy According to Analysts. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other cloud stocks. The surge in internet speed and usage has created a plethora of new industries in its wake such […]Business Wire•16 days agoConfluent to Announce Second Quarter 2024 Financial Results on July 31, 2024MOUNTAIN VIEW, Calif., July 08, 2024--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2024, which ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Confluent will host a live video webcast to discuss the results.Simply Wall St.•22 days agoWhen Should You Buy Confluent, Inc. (NASDAQ:CFLT)?Confluent, Inc. ( NASDAQ:CFLT ), is not the largest company out there, but it saw a double-digit share price rise of...Insider Monkey•25 days agoConfluent, Inc. (CFLT): Is Brad Gerstner Bullish on This Tech Stock Right Now?We recently compiled a list of the 10 Best Tech Stocks to Buy According to Brad Gerstner. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other tech stocks. Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of Altimeter […]Business Wire•28 days agoConfluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the YearMOUNTAIN VIEW, Calif., June 26, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.Business Wire•last monthConfluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming MarketMOUNTAIN VIEW, Calif., June 11, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced Build with Confluent, a new partner program that helps system integrators (SIs) speed up the development of data streaming use cases and quickly get them in front of the right audiences. It includes specialized software bundles for developing joint solutions faster, support from data streaming experts to certify offerings, and access to Confluent’s Go-To-Market (GTM) teams to amplifyGuruFocus.com•2 months agoDirector Lara Caimi Sells 5,399 Shares of Confluent Inc (CFLT)On June 3, 2024, Lara Caimi, a Director at Confluent Inc (NASDAQ:CFLT), executed a sale of 5,399 shares of the company, according to the SEC Filing.Business Wire•2 months agoNew Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts CostsMOUNTAIN VIEW, Calif., June 05, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. The report dives into how organizations use data streaming to innovate, accelerate AI adoption, improve business agility, power customer experiences, and overcome data accessibility and management challenges. Based on a survey of 4,110 IT leaders across 12 countries, the report shows the pivotal roleGuruFocus.com•2 months agoInsider Sale: Chief Technology Officer Chad Verbowski Sells 13,413 Shares of Confluent Inc (CFLT)On May 20, 2024, Chad Verbowski, the Chief Technology Officer of Confluent Inc (NASDAQ:CFLT), sold 13,413 shares of the company.GuruFocus.com•2 months agoInsider Sale: CFO Rohan Sivaram Sells 21,045 Shares of Confluent Inc (CFLT)Rohan Sivaram, the Chief Financial Officer of Confluent Inc (NASDAQ:CFLT), executed a sale of 21,045 shares of the company on May 20, 2024. View Source14: Confluent to Announce Second Quarter 2024 Financial Results on July 31, 2024 Business Wire Jul 8, 2024 12:30pm Confluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the Year Business Wire Jun 26, 2024 8:00pm Confluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming Market Business Wire Jun 11, 2024 1:00pm New Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts Costs Business Wire Jun 5, 2024 1:00pm Confluent to Present at Upcoming Investor Conferences Business Wire May 13, 2024 8:03pm Confluent Announces First Quarter 2024 Financial Results Business Wire May 7, 2024 8:03pm Confluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads Everywhere Business Wire May 2, 2024 4:30am Stocks to Watch: Disney, Confluent, Blue Bird Global News Select Feb 8, 2024 12:16am Confluent shares surge 19% after upbeat 2024 outlook MarketWatch Feb 7, 2024 11:12pm View Source15: Confluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming Market View Source
Confluent Inc.'s product roadmap and expansion strategy for 2024 through to 2026 focuses on enhancing its data streaming capabilities and expanding its market reach. Key initiatives include the launch of "Build with Confluent," a partner program aimed at accelerating the development of data streaming use cases by system integrators 1617. The company is also focusing on the growth of its emerging products, particularly Connect and Govern, which have shown significant momentum in the industry 18. Additionally, Confluent is leveraging its recent recognition as the 2024 Microsoft OSS on Azure Global Partner of the Year to strengthen its market position and drive innovation 1920. The transition of its sales model from bookings to consumption is expected to improve new logo additions and contribute to revenue growth 21. Overall, Confluent aims to capitalize on the increasing demand for real-time data streaming solutions across various industries 2223.
16: Insider Monkey•8 days agoConfluent, Inc. (CFLT): Why Are Analysts Bullish on This Cloud Stock Right Now?We recently compiled a list of the 11 Best Cloud Stocks to Buy According to Analysts. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other cloud stocks. The surge in internet speed and usage has created a plethora of new industries in its wake such […]Business Wire•16 days agoConfluent to Announce Second Quarter 2024 Financial Results on July 31, 2024MOUNTAIN VIEW, Calif., July 08, 2024--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2024, which ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Confluent will host a live video webcast to discuss the results.Simply Wall St.•22 days agoWhen Should You Buy Confluent, Inc. (NASDAQ:CFLT)?Confluent, Inc. ( NASDAQ:CFLT ), is not the largest company out there, but it saw a double-digit share price rise of...Insider Monkey•25 days agoConfluent, Inc. (CFLT): Is Brad Gerstner Bullish on This Tech Stock Right Now?We recently compiled a list of the 10 Best Tech Stocks to Buy According to Brad Gerstner. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other tech stocks. Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of Altimeter […]Business Wire•28 days agoConfluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the YearMOUNTAIN VIEW, Calif., June 26, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.Business Wire•last monthConfluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming MarketMOUNTAIN VIEW, Calif., June 11, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced Build with Confluent, a new partner program that helps system integrators (SIs) speed up the development of data streaming use cases and quickly get them in front of the right audiences. It includes specialized software bundles for developing joint solutions faster, support from data streaming experts to certify offerings, and access to Confluent’s Go-To-Market (GTM) teams to amplifyGuruFocus.com•2 months agoDirector Lara Caimi Sells 5,399 Shares of Confluent Inc (CFLT)On June 3, 2024, Lara Caimi, a Director at Confluent Inc (NASDAQ:CFLT), executed a sale of 5,399 shares of the company, according to the SEC Filing.Business Wire•2 months agoNew Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts CostsMOUNTAIN VIEW, Calif., June 05, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. The report dives into how organizations use data streaming to innovate, accelerate AI adoption, improve business agility, power customer experiences, and overcome data accessibility and management challenges. Based on a survey of 4,110 IT leaders across 12 countries, the report shows the pivotal roleGuruFocus.com•2 months agoInsider Sale: Chief Technology Officer Chad Verbowski Sells 13,413 Shares of Confluent Inc (CFLT)On May 20, 2024, Chad Verbowski, the Chief Technology Officer of Confluent Inc (NASDAQ:CFLT), sold 13,413 shares of the company.GuruFocus.com•2 months agoInsider Sale: CFO Rohan Sivaram Sells 21,045 Shares of Confluent Inc (CFLT)Rohan Sivaram, the Chief Financial Officer of Confluent Inc (NASDAQ:CFLT), executed a sale of 21,045 shares of the company on May 20, 2024. View Source17: Confluent to Announce Second Quarter 2024 Financial Results on July 31, 2024 Business Wire Jul 8, 2024 12:30pm Confluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the Year Business Wire Jun 26, 2024 8:00pm Confluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming Market Business Wire Jun 11, 2024 1:00pm New Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts Costs Business Wire Jun 5, 2024 1:00pm Confluent to Present at Upcoming Investor Conferences Business Wire May 13, 2024 8:03pm Confluent Announces First Quarter 2024 Financial Results Business Wire May 7, 2024 8:03pm Confluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads Everywhere Business Wire May 2, 2024 4:30am Stocks to Watch: Disney, Confluent, Blue Bird Global News Select Feb 8, 2024 12:16am Confluent shares surge 19% after upbeat 2024 outlook MarketWatch Feb 7, 2024 11:12pm View Source18: Confluent’s (NASDAQ:CFLT) cloud revenue hit $107 million, up by 45%, accounting for the majority of its subscription revenue. Earlier this month, the company launched Build with Confluent, which helps enhance the efficacy of data streaming use cases by increasing speed. The new partner program also includes specialized software bundles that help customers develop solutions together more efficiently. Confluent, Inc. (NASDAQ:CFLT) is not limited to providing data streaming applications. The company’s Connect and Govern products, products part of its data streaming platform (DSP), are gaining momentum in the industry. The revenue growth for Govern has been the fastest for any of the products launched by Confluent, Inc. (NASDAQ:CFLT). The company expects its cloud revenue to hit $116 million, a growth rate of 39%, year-over-year, in the second quarter of 2024. View Source19: Insider Monkey•8 days agoConfluent, Inc. (CFLT): Why Are Analysts Bullish on This Cloud Stock Right Now?We recently compiled a list of the 11 Best Cloud Stocks to Buy According to Analysts. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other cloud stocks. The surge in internet speed and usage has created a plethora of new industries in its wake such […]Business Wire•16 days agoConfluent to Announce Second Quarter 2024 Financial Results on July 31, 2024MOUNTAIN VIEW, Calif., July 08, 2024--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2024, which ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Confluent will host a live video webcast to discuss the results.Simply Wall St.•22 days agoWhen Should You Buy Confluent, Inc. (NASDAQ:CFLT)?Confluent, Inc. ( NASDAQ:CFLT ), is not the largest company out there, but it saw a double-digit share price rise of...Insider Monkey•25 days agoConfluent, Inc. (CFLT): Is Brad Gerstner Bullish on This Tech Stock Right Now?We recently compiled a list of the 10 Best Tech Stocks to Buy According to Brad Gerstner. In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other tech stocks. Gerstner is Bullish on Tech in 2024 On December 1, 2023, Brad Gerstner, the CEO of Altimeter […]Business Wire•28 days agoConfluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the YearMOUNTAIN VIEW, Calif., June 26, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology.Business Wire•last monthConfluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming MarketMOUNTAIN VIEW, Calif., June 11, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced Build with Confluent, a new partner program that helps system integrators (SIs) speed up the development of data streaming use cases and quickly get them in front of the right audiences. It includes specialized software bundles for developing joint solutions faster, support from data streaming experts to certify offerings, and access to Confluent’s Go-To-Market (GTM) teams to amplifyGuruFocus.com•2 months agoDirector Lara Caimi Sells 5,399 Shares of Confluent Inc (CFLT)On June 3, 2024, Lara Caimi, a Director at Confluent Inc (NASDAQ:CFLT), executed a sale of 5,399 shares of the company, according to the SEC Filing.Business Wire•2 months agoNew Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts CostsMOUNTAIN VIEW, Calif., June 05, 2024--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. The report dives into how organizations use data streaming to innovate, accelerate AI adoption, improve business agility, power customer experiences, and overcome data accessibility and management challenges. Based on a survey of 4,110 IT leaders across 12 countries, the report shows the pivotal roleGuruFocus.com•2 months agoInsider Sale: Chief Technology Officer Chad Verbowski Sells 13,413 Shares of Confluent Inc (CFLT)On May 20, 2024, Chad Verbowski, the Chief Technology Officer of Confluent Inc (NASDAQ:CFLT), sold 13,413 shares of the company.GuruFocus.com•2 months agoInsider Sale: CFO Rohan Sivaram Sells 21,045 Shares of Confluent Inc (CFLT)Rohan Sivaram, the Chief Financial Officer of Confluent Inc (NASDAQ:CFLT), executed a sale of 21,045 shares of the company on May 20, 2024. View Source20: Confluent to Announce Second Quarter 2024 Financial Results on July 31, 2024 Business Wire Jul 8, 2024 12:30pm Confluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the Year Business Wire Jun 26, 2024 8:00pm Confluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming Market Business Wire Jun 11, 2024 1:00pm New Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts Costs Business Wire Jun 5, 2024 1:00pm Confluent to Present at Upcoming Investor Conferences Business Wire May 13, 2024 8:03pm Confluent Announces First Quarter 2024 Financial Results Business Wire May 7, 2024 8:03pm Confluent Unveils New Capabilities to Apache Flink Offering to Simplify AI and Bring Stream Processing to Workloads Everywhere Business Wire May 2, 2024 4:30am Stocks to Watch: Disney, Confluent, Blue Bird Global News Select Feb 8, 2024 12:16am Confluent shares surge 19% after upbeat 2024 outlook MarketWatch Feb 7, 2024 11:12pm View Source21: Michael Turrin’s rating is based on a comprehensive analysis of Confluent’s financial outlook and market position. Confluent’s recent stock pullback, which saw a 19% decline despite a strong first-quarter performance, has been viewed by Turrin as an overreaction to concerns about management changes, competition, and technological positioning. He believes these concerns are overstated and sees a favorable setup for the second half of the year. The company’s guidance for the upcoming second quarter appears achievable, with predictions aligning with or exceeding consensus estimates, including a 23% year-over-year subscription revenue growth, and a conservative yet promising guide for net new cloud revenues. Further, Turrin expects Confluent’s focus on net new Cloud revenues to be a crucial metric, especially with management’s conservative guidance suggesting room for positive surprises, given the company’s history of outperforming such metrics. The transition of Confluent’s sales model from bookings to consumption is also anticipated to contribute to the improvement in new logo additions. Additionally, the growth potential of emerging products, particularly Connect and Govern, and the long-term potential of Process (Flink), provide upside risks to the company’s financial model in the second half of the year and beyond. The valuation at 8x EV/next twelve months revenues also supports the Buy rating, with Turrin’s price target reflecting a premium to peers but justified by Confluent’s significant long-term event-streaming market opportunity. View Source22: 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. View Source23: Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors. View Source