Confluent, Inc. operates a data streaming platform in the United States and internationally.
Confluent stock last closed at $25.36, down 6.35% from the previous day, and has decreased 60.16% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.42 percentage points. Confluent stock is currently +53.86% from its 52-week low of $16.48, and -68.73% from its 52-week high of $81.11.
There are currently 286.4M CFLT shares outstanding. The market value of CFLT is $7.26B. In the past 24 hours, 7.16M CFLT shares were traded.
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Once you have chosen the best place to buy Confluent stock, it's important to analyze their stock prior to buying, so you actually comprehend the risk and opportunity.
WallStreetZen was created to help part-time investors do more accurate fundamental analysis.
You can view all of the due diligence checks on CFLT's stock page.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CFLT's true value.
Using relative valuations ratios:
You can access additional valuation analysis on CFLT's stock here.
Out of 16 sell side analysts who give forecasts on CFLT, the consensus analyst rating on CFLT is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Tyler Radke, a top 30% analyst from Citigroup maintains CFLT with a hold rating and lowers their CFLT price target from $27.00 to $25.00, on Feb 1, 2023.
J. Derrick Wood, a top 7% analyst from Cowen & Co. maintains CFLT with a buy rating and lowers their CFLT price target from $35.00 to $30.00, on Jan 31, 2023.
Patrick Walravens, a bottom 4% analyst from JMP Securities reiterates CFLT with a buy rating and announces their CFLT price target of $33.00, on Jan 31, 2023.
Raimo Lenschow, a top 5% analyst from Barclays maintains CFLT with a strong buy rating and raises their CFLT price target from $24.00 to $26.00, on Jan 31, 2023.
Lenschow raised his price target on Confluent, Inc. by 8.3% following the release of the company's Q4 and FY 2022 earnings report on 2023/01/30.
"The big news from Q4's print was the source of booking weakness, the analyst told investors, which "seems to be deal slippage in the enterprise segment for Confluent Platform."
Lenschow said the bookings deceleration is more a "representation of the tougher environment that will be felt by more companies" than a commentary on Confluent's fundamentals.
He continues to like "Confluent's long-term story," the analyst concluded.
For Q4 2022:
For FY 2022:
For Q1 2023:
For FY 2023:
Co-founder and CEO Jay Kreps commented: “Our position as the category leader is illustrated by the 124% Y/Y growth in FY 2022 Confluent Cloud revenue, 35% Y/Y increase in customers with $100k+ ARR, and a healthy dollar-based net retention rate of just under 130%.”
CFO Steffan Tomlinson commented: "Our Q4 results demonstrate our continued commitment to delivering high revenue growth with substantial margin improvements.
“Looking ahead, we are focused on accelerating our timeline to achieve breakeven non-GAAP operating margin by one year exiting Q4 of 2023, while delivering approximately 30% annual revenue growth in 2023.”
Karl Keirstead, a top 10% analyst from UBS downgrades CFLT to a hold rating and announces their CFLT price target of $24.00, on Jan 27, 2023.
You can dive deeper into what analysts are saying on the Confluent stock forecast page.
Last year, CFLT revenue was $537.21M. Over the past one years, CFLT's revenue has gone up by 58.81% per year. This was faster than the Software - Infrastructure industry average of 19.96%.
Dive into CFLT's earnings and revenue performance here.
Over the last year, executives and large shareholders at CFLT have sold more shares than they have bought.
Ying Christina Liu, Chief Accounting Officer of CFLT, was the latest CFLT insider to sell. They sold $8,781.80 worth of CFLT shares on Dec 21, 2022.
Research more about who owns CFLT stock here.
No, Confluent doesn't provide an income stream by paying out dividends.
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