Why Confluent Stock Is Skyrocketing This Week

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 ...