The technology sector is a dynamic and ever-evolving market terrain where innovation is paramount to survival and growth. Cutting-edge developments are revolutionizing industries, creating a wealth of unique opportunities for investors who know where to look. Three companies are at the forefront of this transformation, each a leader in its respective field: Confluent Inc. NASDAQ: CFLT, SentinelOne Inc. NYSE: S, and Coupang Inc. NYSE: CPNG. All three companies demonstrate impressive growth trajectories and p ...

Confluent (NASDAQ: CFLT ) is a company that has recently come to my radar. The company generated free cash flow for the first time on a trailing twelve-month basis. I believe that the company’s data streaming offering couldNine to 5 by day. Hobbyist stock trader by night. I got an MBA and a CFA ... so that should count for something. I only care about my own greedy interests and I love feeding trolls. Not your financial advisor. Information for entertainment purposes only. Diamond hands are forever.Analyst’ ...

It has been a year since I last wrote about Confluent shares for Seeking Alpha. In that time, the company’s shares have seen a fairBert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Journal for his coverage of ...

Investors looking for a growth stock may be tempted to buy this company, but they shouldn't ignore one key factor.Data streaming platform provider Confluent (CFLT -1.62%) is seeing a remarkable turnaround in its fortunes on the stock market of late. After rising rapidly earlier in 2024, the stock started going downhill and was underperforming the broader technology sector recently, but it has made a huge jump since the beginning of October.More specifically, Confluent stock is up 45% since Oct. 1 (as of thi ...

New offering intended to protect against projected $40 billion in AI-powered fraud by 2027.PALO ALTO, Calif., Nov. 14, 2024 /PRNewswire/ -- Oscilar, the AI Risk Decisioning™ pioneer, today unveiled its groundbreaking Cognitive Identity Intelligence Platform to combat the rising tide of AI-powered fraud. The platform's proprietary "Digital & Behavior Identification" technology fundamentally transforms digital identity verification in an era where traditional solutions are increasingly vulnerable to sophistic ...

Confluent TodayCFLTConfluent$27.70 +0.33 (+1.21%) 52-Week Range$17.26▼$35.07Price Target$30.88Add to WatchlistConfluent Inc. NASDAQ: CFLT is a leading data streaming platform provider. Data streaming is the continuous transmission of data, usually in real-time, like stock market data, social media feeds, and GPS navigation. This continuous flow of data is in contrast to batch processing, which collects and processes data in chunks like billing and payroll systems.Get Confluent alerts:The Complexities of Da ...

In August, I initiated my coverage on Confluent, Inc. (NASDAQ: CFLT ) with a buy rating on its dip following Q2 earnings’ conservative guidance in light of the company’s growth potential in the data streaming market and its consumptionAs a former managing editor at a financial media publication focused on mid and small caps, I am using my experience to present investment opportunities in undervalued companies. My experience, combined with my academic background in financial markets and institutions, allows ...

After reaching an important support level, Confluent (CFLT) could be a good stock pick from a technical perspective. CFLT surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.CFLT could be on t ...

Data streaming represents a big opportunity for investors, especially as artificial intelligence adoption grows.E-commerce websites, sports betting apps, and even stock trading platforms constantly feed real-time data to their users to create live experiences. That requires a specialized technology called data streaming, and Confluent (CFLT 1.56%) is an industry-leading provider.Demand for data streaming is only going to grow over time, especially as more businesses adopt artificial intelligence (AI), which ...

Financial Data and Key Metrics - Subscription revenue grew 27% YoY to $240 million, with Confluent Cloud revenue growing 42% YoY to $130 million [6] - Non-GAAP operating margin expanded approximately 12 percentage points to 6.3% [6] - Total revenue grew 25% YoY to $250 million, surpassing a $1 billion revenue run rate [6] - Subscription gross margin reached a record high of 82.2%, up 210 basis points, while total gross margin also reached a record high of 79% [25] - Free cash flow margin was 3.7%, expanding 10 percentage points [25] - Net income per share was $0.10 for Q3 using 353.6 million diluted weighted average shares outstanding [26] Business Line Data and Key Metrics - Confluent Platform revenue grew 13% YoY to $110.1 million, accounting for 46% of subscription revenue [22] - Confluent Cloud revenue accounted for 54% of subscription revenue, up from 48% a year ago [22] - Revenue from DSP (Data Streaming Platform) continued to grow substantially faster than overall cloud revenue [24] - 19 of the top 20 cloud customers have adopted at least 1 DSP product, and 13 have adopted products across all 3 categories [24] Market Data and Key Metrics - Revenue from the U.S. grew 28% YoY to $152.4 million, while revenue from outside the U.S. grew 21% YoY to $97.8 million [24] - The company serves more than 40% of the Fortune 500, including 10 of the top 10 U.S. banks, 8 of the top 8 global carmakers, and 9 of the top 10 U.S. insurance companies [10] Company Strategy and Industry Competition - The company is entering its third wave of growth, focusing on becoming a complete data streaming platform, a one-stop shop for all real-time data needs [14] - The acquisition of WarpStream adds a third deployment mechanism (BYOC) to the portfolio, targeting high-volume, high-tech customers [13] - The company is leveraging its relationship with OpenAI and other AI providers to drive growth in the generative AI landscape [9] Management Commentary on Operating Environment and Future Outlook - Management highlighted the stabilization of consumption in the digital native customer cohort and the adoption of new use cases and DSP products by larger cloud customers [22][28] - The company expects to exit 2024 with positive non-GAAP operating margin and positive free cash flow margin for the full year [31] - The intersection of cloud, data, and AI is seen as a critical driver for companies to deliver differentiated products and services in the AI era [32] Other Important Information - The company hosted Current 2024, its largest industry event dedicated to data streaming, with over 4,200 participants from 1,200 companies [6] - The company launched the Confluent for Start-ups AI Accelerator program, providing early-stage AI companies with tools, mentorship, and product credits [8] - The company announced Investor Day 2025, to be held on March 6, 2025, in San Francisco [33] Q&A Session Summary Question: Digital Native Customer Confidence - Management noted stabilization in the digital native segment, with customers shifting focus from cost optimization to new use case implementation [35] Question: Flink Adoption and Use Cases - Flink adoption is ramping up, with early production use cases being implemented by both Confluent Cloud and Confluent Platform customers [37][38] Question: Go-to-Market Strategy - The company has made significant progress in broadening its reach to open-source Kafka users, targeting high-propensity accounts and focusing on product-led growth [41][42] Question: Gen AI Demand - Gen AI demand is showing up in customer conversations, with growth in AI providers and new use cases in the enterprise customer base [45][46] Question: WarpStream Opportunity - WarpStream is seen as a key opportunity to bring large digital native companies into the Confluent ecosystem, particularly those using open-source Kafka [48] Question: NRR and Cloud Growth - NRR downticked slightly to 117%, but cloud growth remains strong, driven by stabilization in digital native consumption and adoption of DSP products [50][51] Question: Federal Business Performance - Federal business performance was reasonable, with limited impact due to the absence of Confluent Cloud in that vertical [69] Question: AI Use Cases and Competitive Positioning - AI use cases are emerging in two primary areas: gathering context data for AI and operationalizing background tasks using Flink [72][73] Question: Margin Progression and Product Innovation - The company expects to maintain efficient growth and profitability, with DSP products contributing to margin expansion as they scale [75][76] Question: Go-to-Market Improvements - The company has made aggressive adjustments to its go-to-market strategy, with a focus on consumption-based models and DSP product adoption [79][80] Question: Win Rates and Competition - Win rates have increased, particularly against smaller start-ups, with overall win rates well above 90% [82] Question: Net New ARR and WarpStream Adoption - Net new ARR for Confluent Cloud was strong, even excluding a one-time revenue benefit, driven by stabilization in digital native consumption and DSP adoption [84] - WarpStream adoption is expected to grow, including potential adoption by Confluent Platform customers moving away from on-prem deployments [86] Question: Gross Margins and DSP Impact - Gross margins remain strong, with DSP products expected to contribute positively to margins as they scale [88][89] Question: Digital Native Demand Recovery - Recovery in demand from digital native customers is driven by both project rollovers and the company's go-to-market transformation [95][96] Question: Financial Services Strength - Strength in financial services is driven by continued investment in real-time data platforms, with no signs of slowdown [99][100] Question: New Customer Expansion - New customer expansion is expected to follow a land-and-expand model, with a focus on progressing customers to higher ARR tiers [101][102]