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Confluent (CFLT)
NASDAQ:CFLT
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CFLT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$16.69 - $35.07
Previous Close$27.56
Volume3.51M
Average Volume (3M)3.80M
Market Cap
$9.04B
Enterprise Value$8.29B
Total Cash (Recent Filing)$1.86B
Total Debt (Recent Filing)$1.11B
Price to Earnings (P/E)―
Beta1.60
Next Earnings
Feb 06, 2025EPS Estimate
$0.06Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.11
Shares Outstanding327,994,901
10 Day Avg. Volume5,405,561
30 Day Avg. Volume3,800,380
Standard Deviation0.19
R-Squared0.04
Alpha-0.00497
Financial Highlights & Ratios
Price to Book (P/B)9.30
Price to Sales (P/S)9.87
Price to Cash Flow (P/CF)144.70
P/FCF Ratio242.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue9.06
Enterprise Value/Gross Profit15.15
Enterprise Value/Ebitda-25.94
Forecast
1Y Price Target
$31.24Price Target Upside17.89% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering26
Confluent News
Bulls Say, Bears Say
Bulls Say
Competitive PositioningConfluent reported improving win rates against startup vendors, with more than 90% success, indicating strengthening competitive positioning.
Customer GrowthConfluent added 240 customers in Q3, significantly higher than the previous year, reflecting strong customer acquisition strategies.
Revenue GrowthConfluent Cloud revenue growth surprisingly re-accelerated to 42% year-over-year, significantly exceeding projections.
Bears Say
Financial PerformanceConfluent's margin profile is still below many of its infrastructure software peers, which could weigh on sentiment.
Market CompetitionConfluent is seeing a more competitive landscape with players like Google Datastream, Amazon MSK, Red Panda, and Stream Native in the space.
Revenue GrowthNew customers are likely to take longer to ramp into meaningful revenue due to Confluent engaging customers earlier in their journey.
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Ownership Overview
1.98% Insiders
29.94% Mutual Funds
1.92% Other Institutional Investors
51.47% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CFLT FAQ
What was Confluent’s price range in the past 12 months?
Confluent lowest stock price was $16.69 and its highest was $35.07 in the past 12 months.
What is Confluent’s market cap?
Currently, no data Available
When is Confluent’s upcoming earnings report date?
Confluent’s upcoming earnings report date is Feb 06, 2025 which is in 89 days.
How were Confluent’s earnings last quarter?
Confluent released its earnings results on Oct 30, 2024. The company reported $0.1 earnings per share for the quarter, beating the consensus estimate of $0.051 by $0.049.
Is Confluent overvalued?
According to Wall Street analysts Confluent’s price is currently Undervalued.
Does Confluent pay dividends?
Confluent does not currently pay dividends.
What is Confluent’s EPS estimate?
Confluent’s EPS estimate is $0.06.
How many shares outstanding does Confluent have?
Confluent has 258,085,660 shares outstanding.
What happened to Confluent’s price movement after its last earnings report?
Confluent reported an EPS of $0.1 in its last earnings report, beating expectations of $0.051. Following the earnings report the stock price went up 13.437%.
Which hedge fund is a major shareholder of Confluent?
Among the largest hedge funds holding Confluent’s share is Altimeter Capital Management, LLC. It holds Confluent’s shares valued at 381M.
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Confluent Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$31.24 (17.89% Upside)
$31.24 (17.89% Upside)
Blogger Sentiment
Bullish
CFLT Sentiment 93%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Increased
By 630.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $81.6M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 1.4%
Last 30 Days ▲ 0.8%
Last 30 Days ▲ 0.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
52.77%
12-Months-Change
Fundamentals
Return on Equity
-40.75%
Trailing 12-Months
Asset Growth
10.43%
Trailing 12-Months
Company Description
Confluent
Confluent Inc is a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company generates revenue from the sale of subscriptions and services.
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CFLT Company Deck
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CFLT Earnings Call
Q3 2024
0:00 / 0:00
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CFLT Revenue Breakdown
44.90% Confluent Cloud
38.13% Confluent Platform - PCS
10.81% Confluent Platform - License
6.16% Services
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CFLT Stock 12 Month Forecast
Average Price Target
$31.24
▲(17.89% Upside)
Technical Analysis
Best Analysts Covering CFLT
1 Year
1 Year Success Rate
7/10 ratings generated profit
1 Year Average Return
+15.66%
assigned a buy rating 10 days ago
Copying Matthew Hedberg's trades and holding each position for 1 Year would result in 70.00% of your transactions generating a profit, with an average return of +15.66% per trade.
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