Date | Price Target | Rating | Analyst |
---|---|---|---|
9/4/2024 | $23.00 | Neutral | Robert W. Baird |
8/9/2024 | $25.00 | Neutral → Overweight | JP Morgan |
6/11/2024 | $35.00 | Outperform | Evercore ISI |
5/17/2024 | $37.00 | Outperform | Oppenheimer |
5/8/2024 | $35.00 | Hold → Buy | Canaccord Genuity |
2/21/2024 | $40.00 | Buy | Stifel |
1/30/2024 | $23.00 | Hold | Loop Capital |
11/28/2023 | $34.00 | Outperform | Bernstein |
Confluent now enables customers to get real-time data however and wherever they need it—on prem, in the cloud or BYOC Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has acquired WarpStream, an Apache Kafka®-compatible data streaming platform. WarpStream's Bring Your Own Cloud ("BYOC") data streaming architecture is designed for organizations running large scale workloads with relaxed latency requirements in their own cloud environment, perfect for logging, observability, and feeding data lakes. With the acquisition of WarpStream, Confluent now has a data streaming offering for every company no matter the need—whether that's fully managed with Confluent Cloud,
Subscription revenue of $225 million, up 27% year over year Confluent Cloud revenue of $117 million, up 40% year over year 1,306 customers with $100,000 or greater in ARR, up 14% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its second quarter of 2024, ended June 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240730385374/en/ "Confluent had a solid second quarter, demonstrated by 40% year-over-year revenue growth for Confluent Cloud and our largest sequential increase in total customer count in two years," said Jay Kreps, co-founder and CEO, Co
First quarter total revenue of $217 million, up 25% year over year First quarter subscription revenue of $207 million, up 29% year over year First quarter Confluent Cloud revenue of $107 million, up 45% year over year 1,260 customers with $100,000 or greater in ARR, up 17% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its first quarter of 2024, ended March 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240506875179/en/Q1 2024 Confluent Infographic (Graphic: Confluent) "Confluent started fiscal year 2024 strong, highlighted by 45% year-over-y
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Robert W. Baird initiated coverage of Confluent with a rating of Neutral and set a new price target of $23.00
JP Morgan upgraded Confluent from Neutral to Overweight and set a new price target of $25.00
Evercore ISI initiated coverage of Confluent with a rating of Outperform and set a new price target of $35.00
MSPs, CSPs, and ISVs can rapidly unlock new revenue streams with the industry's leading data streaming platform integrated into their customer offerings Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Confluent OEM Program. The new program for managed service providers (MSPs), cloud service providers (CSPs), and independent software vendors (ISVs) makes it easy to launch and enhance customer offerings with a complete data streaming platform for Apache Kafka® and Apache Flink®. With license to globally redistribute or embed Confluent's enterprise-grade platform, partners can bring real-time products and Kafka offerings to market faster and easily monetize cust
Christina Liu and Ali Harmer join Sigma to guide the organization's financial and legal teams through Sigma's continued high-velocity business growth Sigma, the first and only data analytics solution built natively for cloud scale, announced the addition of two new executives: Christina Liu as Chief Financial Officer (CFO) and Ali Harmer as General Counsel. These new executive hires bring high-impact expertise to measurably grow Sigma and develop the company's business strategy in collaboration with other key leaders in the organization. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240618081253/en/Christina Liu, Chief Financ
Former Chief Product Officer of Mulesoft brings extensive experience and leadership to Confluent Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the appointment of Shaun Clowes as Chief Product Officer (CPO). As Chief Product Officer, Shaun will lead the strategy and execution of all product-related activities within Confluent, including product innovation and the product roadmap. Shaun joins Confluent from Mulesoft, where he served as CPO, and before that, Atlassian where he served as the Head of Growth. Shaun's appointment comes at a key moment, as businesses move toward more real-time operations. All businesses are facing competitive pressures to meet custome
New funding backs regional system integrators to accelerate businesses' transition to real-time applications through SAP data integration and TIBCO migrations Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced investments in two regional system integrators (RSIs) to meet rising demand for complete data streaming platforms and bring real-time applications to businesses everywhere. RSIs that received this are Onibex, which leverages Confluent Cloud to connect SAP data to other operational systems in real time, and Psyncopate, which provides specialized expertise in migrating legacy TIBCO infrastructure to Confluent's complete data streaming platform (DSP). According
MSPs, CSPs, and ISVs can rapidly unlock new revenue streams with the industry's leading data streaming platform integrated into their customer offerings Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the Confluent OEM Program. The new program for managed service providers (MSPs), cloud service providers (CSPs), and independent software vendors (ISVs) makes it easy to launch and enhance customer offerings with a complete data streaming platform for Apache Kafka® and Apache Flink®. With license to globally redistribute or embed Confluent's enterprise-grade platform, partners can bring real-time products and Kafka offerings to market faster and easily monetize cust
Confluent adds Table API support for Apache Flink® making it even easier for developers to use Java or Python to build streaming applications New private networking and encryption features safeguard data streams for enterprises in highly regulated industries Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, introduced new capabilities to Confluent Cloud to make stream processing and data streaming more accessible and secure. Confluent's new support of Table API makes Apache Flink® available to Java and Python developers; Confluent's private networking for Flink provides enterprise-level protection for use cases with sensitive data; Confluent Extension for Visual Studio Code accel
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In the last three months, 17 analysts have published ratings on Confluent (NASDAQ:CFLT), offering a diverse range of perspectives from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 8 2 0 0 Last 30D 0 0 1 0 0 1M Ago 1 1 0 0 0 2M Ago 1 2 0 0 0 3M Ago 5 5 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for Confluent, presenting an average target of $35.94, a high estimate of $40.00, and a low estimate of $25.00. This current average reflects an i
Loop Capital analyst Yun Kim maintains Confluent (NASDAQ:CFLT) with a Hold and lowers the price target from $30 to $25.
Mizuho analyst Gregg Moskowitz maintains Confluent (NASDAQ:CFLT) with a Outperform and lowers the price target from $36 to $34.