Confluent shares surge 19% after upbeat 2024 outlook

Shares of Confluent CFLT, +3.45% rose late Wednesday after the data-streaming company forecast more than 20% revenue growth in 2024 and its first breakeven year based on certain metrics. The stock was up 20%, to $29.12, in after-hours trading, following a 3.4% rise at Wednesday’s close. Shares are up 3.8% since the start of the year. Confluent said it expects revenue to grow more than 22%, to about $950 million, in 2024, ahead of analysts’ expectations. Finance Chief Rohan Sivaram said the company is con ...