SCOTTSDALE, Ariz., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Confluent Medical Technologies (Confluent) announced today that Dean Schauer, who has served as the company's Chief Executive Officer for more than a decade, has assumed the role of Chairman in addition to his existing responsibilities as CEO and President. "I am honored by the trust our investors and employees have placed in me, allowing me the opportunity to take on the role of Chairman of the Board," stated Schauer. "Over the past decade, I have witne ...

Confluent and Datadog deliver unique technologies to thousands of businesses. Now might be a great time to buy both stocks. Wall Street doesn't always get things right, and it probably isn't wise to base an investing decision on what one analyst says. But it can pay to listen when a large group of analysts reach a clear bullish consensus on a specific stock. Sometimes it's a sign there could be positive catalysts on the horizon that will help drive upward momentum. According to The Wall Street Journal, the ...

This data streaming specialist is growing at a robust pace and only scratching the surface of a huge end-market opportunity. Shares of Confluent (CFLT 0.14%) started 2024 on a positive note. They shot up nearly 50% in the first two months of 2024. But things have since been going downhill for the data streaming provider, as it has fallen 36% from its year-to-date high. Confluent stock is now down for the year, underperforming the Nasdaq-100 Technology Sector index. The stock received another hammering follo ...

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. The market always goes through cycles of bear and bull markets. Long-term investors know that picking the right comeback stocks is the only way to earn big investment returns. These are stocks whose long-term performance will lead to huge returns. For investors, the be ...

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 shortterm experience downturns. This volatility is typically a result of macroeconomic factors, company-specific challenges and market sentiment. Recently, the First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC) has seen a decline of nearly 4% in July and another 6% in August, al ...

These three stocks can be game-changing for your long-term portfolio. The U.S. stock market has been very volatile in the past decade and has been influenced by factors such as economic releases, geopolitical tensions, and technological advancements. With the market constantly cycling through bull and bear phases, long-term investors need to pick stakes in stocks with sustainable competitive advantages. Companies that are flexible and resource-rich enough to adapt to changing market conditions fare better t ...

Data streaming is becoming a critical technology for a growing number of businesses. Confluent (CFLT 2.01%) is a leading developer of data streaming technologies that power many of our online experiences. Stock brokerage platforms use it to feed live pricing data directly to clients, and e-commerce websites use it to provide real-time inventory information to shoppers. As more of our everyday lives migrate into the digital age, the demand for data streaming will only grow. Confluent just reported its financ ...

Financial Data and Key Metrics Changes - Subscription revenue grew 27% to $224.7 million, exceeding guidance and representing 96% of total revenue [16][4] - Confluent Cloud revenue increased 40% to $117.4 million, accounting for 52% of subscription revenue compared to 47% in the previous year [17][4] - Non-GAAP operating margin improved by approximately 10 percentage points, reaching 0.6% [18][4] - Free cash flow margin turned positive at 1.2%, improving by approximately 20 percentage points [18][4] - Total customer count reached approximately 5,440, with a sequential increase of 320 customers, the largest in two years [18][4] Business Line Data and Key Metrics Changes - Confluent Platform revenue grew 16% to $107.3 million, accounting for 48% of subscription revenue [16][4] - Subscription gross margin was 80.8%, up 170 basis points, driven by strong performance in the Confluent platform and improving unit economics of Confluent Cloud [17][18] Market Data and Key Metrics Changes - Revenue from the US grew 26% to $143.2 million, while revenue from outside the US grew 22% to $91.7 million [17][18] - Net Revenue Retention (NRR) for Q2 was 118%, below the target range of 120% to 125% due to consumption volatility among large digital-native customers [19][18] Company Strategy and Development Direction - The company is focused on a consumption-oriented business model, aiming to attract more customers who can drive value from the data streaming platform [15][5] - The strategic position is reinforced by innovations in the data streaming platform, enabling the capture of the full lifecycle of data in motion [6][5] - The rise of GenAI is seen as a significant opportunity, with data streaming playing a critical role in fueling AI applications [11][5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects despite a volatile macro environment, emphasizing the importance of data streaming technology [4][5] - The company anticipates continued adoption of its data streaming platform, with expectations for substantial growth in the data streaming market [22][5] - Guidance for Q3 2024 expects subscription revenue in the range of $233 million to $234 million, representing growth of approximately 23% to 24% [21][22] Other Important Information - The company has made significant strides in its partner ecosystem, with over 40 technology and partner-built integrations, enhancing its market reach [10][5] - The company was recognized as Partners of the Year by both Google and Microsoft, highlighting strong relationships with cloud partners [10][5] Q&A Session Summary Question: Customer logo growth and expansion potential - Management noted that the increase in customer logos implies potential for faster expansion as they advance with the platform [25][26] Question: Trends in digital-native customer behavior - Management indicated that while there was some slowness in June, they observed stabilization in July, with a focus on cost efficiencies among digital-native customers [27][28] Question: Go-to-market transformation and workload quality - Management emphasized the importance of ensuring quality workloads while increasing customer acquisition, focusing on high propensity accounts [30][26] Question: International growth and sales attrition - Management clarified that the growth rates between international and US markets are often influenced by the timing of large deals, with no significant trends in sales attrition [52][51] Question: Impact of pricing changes on revenue - Management confirmed that pricing changes were factored into guidance, with expectations for a net positive impact over time [83][82]

For the quarter ended June 2024, Confluent (CFLT) reported revenue of $234.99 million, up 24.1% over the same period last year. EPS came in at $0.06, compared to $0.00 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $229.49 million, representing a surprise of +2.39%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.05. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Investor Presentation July 31, 2024 Disclaimer 2 This presentation includes express and implied forward-looking statements. All statements contained in this presentation other than statements of historical facts, including expectations of Confluent, Inc. ("we," "us," "our," or "Confluent") regarding our revenue, revenue mix, revenue growth, expenses and other results of operations; total customers; net dilution; operating margins and margin improvements, targeted or anticipated margin levels; future financi ...