Confluent (CFLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
I initiate coverage on Confluent with a Buy rating and $36 PT, predicated on cloud momentum and a 21.5% CY25E revenue estimate. Confluent trades at a 19.1% discount to peer group despite strong fundamentals (45% YoY cloud growth, $1.01bn RPO, 58% CY25E revs visibility). Cloud, now 55% of sub revs, is a key lever for Confluent growth, supported by non-GAAP operating margin expansion and enterprise demand for AI/ML workloads.
Confluent (CFLT) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Data streaming specialist Confluent's (CFLT -12.19%) stock was streaming in the wrong direction these past few trading sessions. A fairly aggressive price target cut from an analyst was a catalyst for this, and the share price was down by almost 13% week to date as of early Friday morning, according to data compiled by S&P Global Market Intelligence.
2025 is proving to be a volatile year for the stock market, as economic uncertainty and unpredictable policies from the Trump administration throw investors for a loop. While anything can happen in the near term, growth investors should focus on investing in fast-growing companies with no shortage of long-term potential.
CFLT unveils the general availability of Tableflow, enhancing real-time AI and analytics, and expanding its Databricks partnership with Delta Lake early access.
Confluent (CFLT -7.19%) stock is seeing a big valuation pullback Friday. The company's share price was down 7.9% as of 2:30 p.m.
Confluent's strong Q4 results and bullish FY25 outlook indicate the stock's rally has further momentum, making it a compelling buy for long-term holders. Confluent's leadership in data streaming, wide applicability across industries in a $100 billion TAM, and nearly pure subscription revenue base create a reliable and sticky revenue stream. The company's Q4 revenue grew 23% y/y to $261.2 million, beating expectations, with subscription revenue expected to maintain above 20% growth in FY25.
Confluent (CFLT -4.89%) stock has been on a stunning run in the past six months, rising an impressive 59% as of this writing. That red-hot run by the data-streaming platform provider is poised to continue following the release of its fourth-quarter 2024 results.
The S&P 500 (^GSPC 0.24%) continues to set new record highs, extending the raging bull market which began when the index bottomed in October 2022. However, not every stock has followed along.
Data streaming company Confluent (CFLT -3.77%) was streaming stock market success in recent trading sessions. Following the release of its fourth-quarter and full-year 2024 financial results, investors leaped on the stock; as of early Friday morning its price had risen by almost 21% week to date, according to data compiled by S&P Global Market Intelligence.
Confluent reported record revenues, non-GAAP net income, and free cash flow in Q4 2024. Confluent's strong liquidity position and free cash flow generation could help it pursue growth opportunities or initiate share buyback programs to limit the dilutive impact of its SBC. Confluent's diversified offerings portfolio and latest partnership with Databricks could accelerate new customer adds.