Confluent (CFLT) Q3 Earnings and Revenues Top Estimates
Confluent (CFLT) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago.
Stay Ahead of the Game With Confluent (CFLT) Q3 Earnings: Wall Street's Insights on Key Metrics
Evaluate the expected performance of Confluent (CFLT) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Confluent: Expect Sizeable Stock Recovery And Strong Long-Term Performance
Expect a post-election rally, rate cuts, and year-end rally in selected growth stocks. Confluent offers a managed Kafka solution, crucial for real-time data streaming. Despite macro headwinds, Confluent's growth remains high at over 20%. Confluent's stock, down 66% in two years, presents a buying opportunity for growth-oriented investors due to its promising future and very low PEG valuation relative to the sector median.
2 Unstoppable Artificial Intelligence (AI) Stocks Down 54% and 79% to Buy Hand Over Fist, According to Wall Street
Investors can benefit from paying attention when a group of Wall Street analysts reach a similar conclusion about a particular stock. The majority of the analysts tracked by 'The Wall Street Journal' have given Zscaler and Confluent a buy rating.
Confluent acquires streaming data startup WarpStream
Streaming data and Kafka specialist Confluent on Monday announced that it has acquired WarpStream, a Kafka-compatible streaming data solution. Confluent plans to use WarpStream's cloud-native solution to fill out its portfolio by offering a new service (Confluent WarpStream) that can sit in between its fully-managed Confluent Cloud and self-managed Confluent Platform.
Confluent: Expanding Customer Base A Step In The Right Direction
Confluent's customer acquisition accelerated in the second quarter, which could lead to improved growth going forward. The scaling of Confluent's stream processing product should also begin to support growth in the coming years. Confluent's margins should improve over the next years as stock-based compensation costs decline. Confluent is also closing in on cash flow breakeven.
2 Super AI Stocks to Buy Hand Over Fist, According to Wall Street
It can pay to listen when multiple analysts reach the same conclusion on a given stock. A majority of analysts surveyed by The Wall Street Journal are bullish on shares of Confluent and Datadog.
1 Growth Stock Down 36% to Buy Hand Over Fist Before It's Too Late
Confluent reported better-than-expected growth last quarter, thanks to a bigger customer base and higher spending. The company's huge addressable market and its potential earnings growth could infuse new life into the stock, despite a difficult 2024 so far.
3 Stocks Poised for a Comeback After Last Week's Market Meltdown
Leading stock indexes like the Nasdaq Composite and Dow Jones Industrial Average saw massive drops last week. Traditionally, the stock market has been subject to external forces like inflation data, geopolitics and new technological advances.
3 Tech Stocks That Have Entered Correction Territory
Wall Street pays significant attention to the technology sector as tech companies typically deliver substantial returns to investors. However, the volatile nature of this industry means that tech stocks can especially short-term experience downturns.
3 Stocks to Keep High on Your Buy List
Palantir is leveraging its advanced AI and data mining capabilities to help enterprises analyze huge amounts of data. Oracle is helping build data center infrastructure for training and inferencing large language models.
1 Unstoppable Stock Down 79% to Buy Hand Over Fist, According to Wall Street
Confluent is tackling a $60 billion opportunity in the data streaming industry. Data streaming helps businesses create real-time customer experiences, and the use cases are expanding.
