Why Confluent Stock Blasted Higher on Thursday

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 ...