Why Confluent Stock Is Skyrocketing Today
Shares of Confluent (CFLT 21.26%) are seeing explosive gains in Wednesday's trading. The data streaming specialist's share price was up 20% as of 11:45 a.m.
Confluent Analysts Increase Their Forecasts After Upbeat Results
Confluent, Inc. CFLT reported better-than-expected fourth-quarter financial results on Tuesday.
What's Happening With CFLT Stock?
Confluent (NASDAQ: CFLT), a data streaming company, recently announced its Q4 results, surpassing market expectations for both revenue and earnings. The company reported $261 million in revenue and adjusted earnings of $0.09 per share, slightly above analysts' consensus estimates of $257 million and $0.06 per share.
Confluent, Inc. (CFLT) Q4 2024 Earnings Call Transcript
Confluent, Inc. (NASDAQ:CFLT ) Q4 2024 Earnings Conference Call February 11, 2025 4:30 PM ET Company Participants Shane Xie - Investor Relations Jay Kreps - Co-Founder & Chief Executive Officer Rohan Sivaram - Chief Financial Officer Conference Call Participants Matthew Hedberg - RBC Michael Turrin - Wells Fargo Brad Zelnick - Deutsche Bank Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Pinjalim Bora - JPMorgan Robbie Owens - Piper Sandler Kash Rangan - Goldman Sachs Howard Ma - Guggenheim Gregg Moskowitz - Mizuho Rudy Kessinger - D.A. Davison Kingsley Crane - Canaccord Shane Xie Welcome to the Confluent Q4 and Fiscal Year 2024 Earnings Conference Call.
Compared to Estimates, Confluent (CFLT) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Confluent (CFLT) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Confluent (CFLT) Q4 Earnings and Revenues Top Estimates
Confluent (CFLT) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago.
Confluent Soars Past Q4 Forecasts
Confluent (CFLT -4.32%), operator of a cloud-centric data streaming platform, delivered its fourth-quarter earnings results on Feb. 11. The company reported non-GAAP earnings per share (EPS) of $0.09, which was well above the analysts' consensus estimate of $0.06 and also exceeded the company's guidance of $0.05.
Ahead of Confluent (CFLT) Q4 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for Confluent (CFLT), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2024.
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Data streaming is a little-known technology that plays a big role in everyday lives. It allows e-commerce websites, stock trading platforms, and even artificial intelligence (AI) app developers to create live experiences for their users.
Confluent: Excellent Growth At An Even Better Price
Confluent is a terrific "growth at a reasonable price" software stock that has only seen its share price rise ~20% over the past year, despite strong growth. Confluent, founded by creators of open-source Apache Kafka, offers a data streaming platform crucial for real-time applications, benefiting from substantial secular tailwinds. Confluent's horizontal software platform serves diverse industries, boasting blue-chip clients like JPMorgan Chase, Netflix, and Walmart, with an estimated $60 billion TAM.
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It may come as a surprise to some, but the most money is made in investing by buying and holding solid growth stocks for the long term rather than jumping in and out of the market. Share prices are notoriously unpredictable in the short term, so frequent trading can lose you a ton of money.
Confluent Stock Scores 95-Plus Composite Rating
Confluent saw its IBD SmartSelect Composite Rating jump to 96 Thursday, up from 94 the day before. The post Confluent Stock Scores 95-Plus Composite Rating appeared first on Investor's Business Daily.
