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Confluent (CFLT)
NASDAQ:CFLT
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CFLT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.69 - $35.07
Previous Close$19.77
Volume3.49M
Average Volume (3M)4.29M
Market Cap
$6.32B
Enterprise Value$5.56B
Total Cash (Recent Filing)$1.93B
Total Debt (Recent Filing)$1.11B
Price to Earnings (P/E)―
Beta1.90
Next Earnings
Oct 30, 2024EPS Estimate
$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.19
Shares Outstanding322,723,499
10 Day Avg. Volume3,581,894
30 Day Avg. Volume4,289,590
Standard Deviation0.19
R-Squared0.06
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)7.29
Price to Sales (P/S)7.39
Price to Cash Flow (P/CF)186.10
P/FCF Ratio590.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.43
Enterprise Value/Gross Profit10.16
Enterprise Value/Ebitda-15.76
Forecast
1Y Price Target
$29.91Price Target Upside52.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering26
Confluent News
PremiumCompany Announcements
Confluent Appoints Kong Phan as New Chief Accounting Officer
Bulls Say, Bears Say
Bulls Say
Customer AcquisitionThe company is seeing success landing a higher volume of customers (+320 in 2Q, the largest sequential increase in two years) and believes these lands have increased in quality, which could signal faster use case expansion and more sustainable consumption growth from newer cohorts.
Innovation And GrowthConfluent is continuing to innovate and grow, with the recent acquisition of BYOC provider WarpStream, the future Flink updates, the release of Tableflow, and its AI model Inference capability.
Market ExpansionConfluent has a total addressable market estimated at $60B in 2022, expected to grow to $100B by 2025.
Bears Say
Competitive LandscapeConfluent is facing increased competition from major players like Google Datastream, Amazon MSK, Red Panda, and Stream Native.
Financial PerformanceConfluent delivered mixed Q2 results and a disappointing H2 outlook.
Growth MetricsA number of key growth metrics are decelerating.
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Ownership Overview
10.03% Insiders
36.49% Mutual Funds
43.93% Other Institutional Investors
9.55% 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 $14.69 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 Oct 30, 2024 which is in 34 days.
How were Confluent’s earnings last quarter?
Confluent released its earnings results on Jul 31, 2024. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.047 by $0.013.
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 $0.05.
How many shares outstanding does Confluent have?
Confluent has 250,068,650 shares outstanding.
What happened to Confluent’s price movement after its last earnings report?
Confluent reported an EPS of $0.06 in its last earnings report, beating expectations of $0.047. Following the earnings report the stock price went down -17.546%.
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:
$29.91 (52.76% Upside)
$29.91 (52.76% Upside)
Blogger Sentiment
Bullish
CFLT Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 630.2K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $10.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▲ 0.3%
Last 30 Days ▼ 1.8%
Last 30 Days ▼ 1.8%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-33.25%
12-Months-Change
Fundamentals
Return on Equity
-45.21%
Trailing 12-Months
Asset Growth
8.63%
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
Q2 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
$29.91
▲(52.76% Upside)
Technical Analysis
Best Analysts Covering CFLT
1 Year
1 Year Success Rate
5/13 ratings generated profit
1 Year Average Return
-12.55%
reiterated a buy rating 3 days ago
Copying Patrick Walravens's trades and holding each position for 1 Year would result in 38.46% of your transactions generating a profit, with an average return of -12.55% per trade.
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