Confluent, Inc. engages in developing cloud-native platform for data-in-motion that helps companies to connect their applications around real-time streams in the United States and internationally. The company offers Apache Kafka, a community distributed event streaming platform. Its products also include Confluent Cloud, a managed cloud-native service for Apache Kafka to connect and process data of user companies; Confluent platform, a self-managed platform to connect, process, and react to data in real-time for streaming data from across the organization for customer experiences and data-driven operations; ksqlDB that enables users to build real-time applications; and Confluent hub. The company's solutions also include insurance, automotive, technology, fraud detection, customer 360, messaging modernization, streaming ETL, event-driven microservices, mainframe offload, SIEM optimization, bridge to cloud, and internet of things. It also provides professional services and tools for Confluent customers to help in streaming platform adoption; and training and certification programs for Confluent education. The company serves financial services, gaming, government, manufacturing, media and entertainment, and retail and eCommerce industries. It has a strategic alliance with Microsoft. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.
IPO Year: 2021
Exchange: NASDAQ
Website: confluent.io
| 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 |
| 11/8/2023 | $27.00 | Equal Weight → Overweight | CapitalOne |
| 11/6/2023 | $22.00 | Outperform | RBC Capital Mkts |
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.
Confluent's (NYSE:CFLT) short percent of float has risen 10.2% since its last report. The company recently reported that it has 23.76 million shares sold short, which is 9.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.66 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
In the latest quarter, 17 analysts provided ratings for Confluent (NASDAQ:CFLT), showcasing a mix of bullish and bearish perspectives. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 9 7 1 0 0 Last 30D 1 0 0 0 0 1M Ago 1 2 0 0 0 2M Ago 5 5 1 0 0 3M Ago 2 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $36.76, with a high estimate of $40.00 and a low estimate of
Guggenheim analyst Howard Ma reiterates Confluent (NASDAQ:CFLT) with a Buy and maintains $37 price target.
New SI partner program helps speed up development of real-time solutions customers demand, from GenAI bots to fraud detection
Needham analyst Mike Cikos reiterates Confluent (NASDAQ:CFLT) with a Buy and maintains $38 price target.
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
Oppenheimer initiated coverage of Confluent with a rating of Outperform and set a new price target of $37.00
Canaccord Genuity upgraded Confluent from Hold to Buy and set a new price target of $35.00
Stifel initiated coverage of Confluent with a rating of Buy and set a new price target of $40.00
Loop Capital initiated coverage of Confluent with a rating of Hold and set a new price target of $23.00
Bernstein initiated coverage of Confluent with a rating of Outperform and set a new price target of $34.00
CapitalOne upgraded Confluent from Equal Weight to Overweight and set a new price target of $27.00
RBC Capital Mkts initiated coverage of Confluent with a rating of Outperform and set a new price target of $22.00
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G/A - Confluent, Inc. (0001699838) (Subject)
SC 13G - Confluent, Inc. (0001699838) (Subject)
Subscription revenue of $240 million, up 27% year over year Confluent Cloud revenue of $130 million, up 42% year over year 1,346 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 third quarter of 2024, ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029049730/en/Q3 2024 Confluent Infographic (Graphic: Confluent) "Confluent was founded with the mission of setting data in motion for organizations around the world," said Jay Kreps, co-founder and CEO, Confluent. "Today, thousands of g
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it will release financial results for its third quarter of 2024, which ended September 30, 2024, after the U.S. market close on Wednesday, October 30, 2024. Confluent will host a live video webcast to discuss the results. Video Webcast Information Date: Wednesday, October 30, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.confluent.io Prior to the commencement of the webcast, Confluent's earnings press release and supplemental materials will be accessible from its investor relations website at investors.confluent.io. A replay of the webcast will also be accessible from Confluent's investor relati
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
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,
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conferences: Goldman Sachs Communacopia + Technology Conference Date: Monday, September 9, 2024 Time: 1:45 p.m. PT / 4:45 p.m. ET Piper Sandler Growth Frontiers Conference Date: Wednesday, September 11, 2024 Time: 9:00 a.m. PT / 12:00 p.m. ET A live webcast and a replay of each presentation will be available on Confluent's investor relations website at investors.confluent.io. About Confluent Confluent is the data streaming platform that is pioneering a fundamentally new category of data infrastructure that sets data in motion. Confluent's c
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
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2024, which ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Confluent will host a live video webcast to discuss the results. Video Webcast Information Date: Wednesday, July 31, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.confluent.io Prior to the commencement of the webcast, Confluent's earnings press release and supplemental materials will be accessible from its investor relations website at investors.confluent.io. A replay of the webcast will also be accessible from Confluent's investor relations we
Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. "Data streaming is a crucial part of the modern data stack, and Confluent and Microsoft Azure play a pivotal role in enabling any company to harness its power," said Paul Mac Farland, SVP of Partner and Innovation Ecosystem, Confluent. "Our tight integration helps customers connect real-time data via Apache Kafka pipelines to fuel business critical analyt
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
Industry veteran to help customers succeed with the power of data streaming Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced the appointment of Rey Perez as Chief Customer Officer (CCO). As CCO, Rey will lead the customer success, sales engineering services, training and support teams as data streaming becomes a core part of how modern businesses operate. Rey joins Confluent from New Relic, where he served as CCO, leading the solutions engineering, solutions architecture, enablement and expert services teams. As CCO, Rey will enable more organizations to set their data in motion. With Confluent acting as the central nervous system of their business, companies can
Former RingCentral Chief People Officer to lead Confluent's people organization and enhance the world-class workplace, inclusive culture and distributed workforce Confluent, Inc. (NASDAQ:CFLT), the data streaming platform to set data in motion, today announced the appointment of Gunjan Aggarwal as Chief People Officer (CPO). Gunjan joins Confluent from RingCentral, where she most recently served as Executive Vice President (EVP) and the company's first CPO. As Confluent's Chief People Officer, Gunjan will lead the people and places function for the company including talent acquisition and development, organization effectiveness, rewards and recognition, people operations, culture and inclu
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
3 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
4 - Confluent, Inc. (0001699838) (Issuer)
Subscription revenue of $240 million, up 27% year over year Confluent Cloud revenue of $130 million, up 42% year over year 1,346 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 third quarter of 2024, ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241029049730/en/Q3 2024 Confluent Infographic (Graphic: Confluent) "Confluent was founded with the mission of setting data in motion for organizations around the world," said Jay Kreps, co-founder and CEO, Confluent. "Today, thousands of g
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
Fourth quarter total revenue of $213 million, up 26% year over year; fiscal year 2023 total revenue of $777 million, up 33% year over year Fourth quarter subscription revenue of $203 million, up 31% year over year; fiscal year 2023 subscription revenue of $729 million, up 36% year over year Fourth quarter Confluent Cloud revenue of $100 million, up 46% year over year; fiscal year 2023 Confluent Cloud revenue of $349 million, up 65% year over year 1,229 customers with $100,000 or greater in ARR, up 21% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its fourth quarter and fiscal year 2023, ended December 31, 2023.
Third quarter revenue of $200 million, up 32% year over year Third quarter Confluent Cloud revenue of $92 million, up 61% year over year Remaining performance obligations of $824 million, up 24% year over year 1,185 customers with $100,000 or greater in ARR, up 25% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its third quarter of 2023, ended September 30, 2023. "Confluent delivered another strong quarter with 32% year-over-year revenue growth in a volatile macroeconomic environment," said Jay Kreps, co-founder and CEO, Confluent. "Our continued growth is driven by the critical role of data streaming and custom
Second quarter revenue of $189 million, up 36% year over year Second quarter Confluent Cloud revenue of $84 million, up 78% year over year Remaining performance obligations of $791 million, up 34% year over year 1,144 customers with $100,000 or greater in ARR, up 33% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its second quarter of 2023, ended June 30, 2023. "Data streaming is a mission critical component of the modern data stack," said Jay Kreps, co-founder and CEO, Confluent. "That's evidenced by our beat of guided metrics every quarter that we've been public, including this second quarter where we saw a st
First quarter revenue of $174 million, up 38% year over year First quarter Confluent Cloud revenue of $74 million, up 89% year over year Remaining performance obligations of $743 million, up 35% year over year 1,075 customers with $100,000 or greater in ARR, up 34% year over year(1) Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced financial results for its first quarter of 2023, ended March 31, 2023. "Confluent started fiscal year 2023 with a strong first quarter, beating all guided metrics and highlighted by 89% year-over-year growth in Confluent Cloud revenue," said Jay Kreps co-founder and CEO, Confluent. "Achieving this high growth as companies s
Total revenue of $126 million, up 64% year over year Confluent Cloud revenue of $39 million, up 180% year over year Remaining performance obligations of $551 million, up 96% year over year 791 customers with $100,000 or greater in ARR, up 41% year over year Confluent, Inc. (NASDAQ:CFLT), the data streaming platform to set data in motion, today announced financial results for its first quarter of 2022, ended March 31, 2022. "Data streaming is gaining momentum and adoption as a foundational component to delivering real-time customer experiences and optimized operations," said Jay Kreps, co-founder and CEO, Confluent. "With a best-in-class product and differentiated customer go-to-ma
144 - Confluent, Inc. (0001699838) (Subject)
144 - Confluent, Inc. (0001699838) (Subject)
144 - Confluent, Inc. (0001699838) (Subject)
144 - Confluent, Inc. (0001699838) (Subject)
10-Q - Confluent, Inc. (0001699838) (Filer)
8-K - Confluent, Inc. (0001699838) (Filer)
8-K - Confluent, Inc. (0001699838) (Filer)
144 - Confluent, Inc. (0001699838) (Subject)
10-Q - Confluent, Inc. (0001699838) (Filer)
8-K - Confluent, Inc. (0001699838) (Filer)