pixdeluxe/E+ via Getty Images Investment Thesis Confluent, Inc. (NASDAQ:CFLT) is a contentious stock. The business's growth rates are moderating. More specifically, despite management declaring that this business can grow at 30% CAGR, including the presumption of revenue beats each quarter of 2024, its growth rates will still be sub 30%. However, Confluent's underlying profitability is expected to ramp up significantly in 2024, so that investors can see a path for Confluent to exit 2024 with 4% non-GAAP ...

The tech-heavy Nasdaq-100 index set a new all-time high at the end of 2023. In fact, it has soared by more than 25% since late October alone. But the index appears to be taking a break, because it has traded in a sideways range over the past month and sits 3% below its best-ever level. Look even closer, and some market darlings are faring even worse. Shares of artificial intelligence (AI) giant Nvidia have tumbled by 10% over the past week.History is proof that the stock market reaches new highs given enoug ...

LONDON--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, announced exciting new Confluent Cloud capabilities making it easier for customers to stream, connect, govern, and process data for more seamless experiences and timely insights while keeping their data safe. Confluent Tableflow easily transforms Apache Kafka® topics and the associated schemas to Apache Iceberg® tables with a single click to better supply data lakes and data warehouses. Confluent’s fully managed connectors ...

LONDON--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, announced the general availability of Confluent Cloud for Apache Flink®, a fully managed service for Apache Flink® that enables customers to process data in real time and create high-quality, reusable data streams. Confluent Cloud for Apache Flink® is available across Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. Backed by Confluent’s 99.99% uptime SLA, Confluent’s cloud-native service for Flink enables relia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 CONFLUENT, INC. (Exact name of Registrant as specified in its Charter) Delaware 47-1824387 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 899 W. Evelyn Avenue Mountain View, California 94041 (Address of principal executive offices) (Zip Code ...

Smith Collection/Gado/Archive Photos via Getty Images Overview Confluent (NASDAQ:CFLT), the leading player in data streaming, runs the largest managed version of Apache Kafka, the open source language that enables low latency data streaming, a language that was built by Confluent's co-founders at LinkedIn. The demand for real time, low latency data streams from IoT, Ad-Tech, and Autos to name a few, is only going to get greater and Confluent has the best platform to constantly stream it at scale, enhanc ...

Data streaming is the technology behind many of your real-time experiences on the internet. It powers the live inventory information you see when you shop online, and your favorite sports betting platform uses it to feed live odds directly to your smartphone.Confluent (CFLT 0.77%) leads the data streaming industry. The company just reported its financial results for the 2023 fourth quarter and full year, and investors sent its stock soaring. It's already sitting on a 39% gain in 2024, but it remains 66% bel ...

The Business Services group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Confluent (CFLT) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question.Confluent is a member of the Business Services sector. This g ...

Confluent (CFLT -1.44%) stock is posting explosive gains in this week's trading. The data streaming specialist's share price was up 35.4% from last week's market close as of 9:45 a.m. ET this Friday, according to data from S&P Global Market Intelligence.Confluent posted its fourth-quarter earnings results after the market closed on Feb. 7 and reported sales and profits that beat Wall Street's targets. The company posted non-GAAP (adjusted) earnings per share of $0.09 on sales of $213.8 million, topping the ...

Shares of Confluent (CFLT 29.85%) charged sharply higher on Thursday, soaring as much as 35.4%. As of 10:56 a.m. ET, the stock was still up 30.7%.The catalyst that sent the data streaming and cloud operator surging was its quarterly financial report, which was far better than many had feared.Investors breathe a sigh of reliefFor the fourth quarter, Confluent generated revenue of $213 million, up 26% year over year, driven higher by subscription revenue that climbed 31%. This resulted in adjusted earnings pe ...