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Confluent (CFLT)
NASDAQ:CFLT
Confluent (CFLT) Stock Price & Analysis
981 Followers
CFLT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.69 - $38.19
Previous Close$25.06
Volume2.91M
Average Volume (3M)3.79M
Market Cap
$7.96B
Enterprise Value$7.17B
Total Cash (Recent Filing)$1.91B
Total Debt (Recent Filing)$1.11B
Price to Earnings (P/E)―
Beta1.78
Next Earnings
Jul 31, 2024EPS Estimate
$0.05Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-1.25
Shares Outstanding317,834,971
10 Day Avg. Volume3,700,389
30 Day Avg. Volume3,788,969
Standard Deviation0.19
R-Squared0.06
Alpha-0.00649
Financial Highlights & Ratios
Price to Book (P/B)11.40
Price to Sales (P/S)8.52
Price to Cash Flow (P/CF)175.80
P/FCF Ratio315.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue8.75
Enterprise Value/Gross Profit13.10
Enterprise Value/Ebitda-18.30
Forecast
1Y Price Target
$34.50Price Target Upside37.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
Confluent News
PremiumStock Analysis & Ideas
‘S&P 500 to hit 6,000’: Evercore Picks 2 Stocks to Play the BounceBulls Say, Bears Say
Bulls Say
Financial PerformanceConfluent delivered a robust set of Q1 results with Confluent Cloud revenue well ahead of expectations and a raise to the full year guidance.
Market PositionConfluent is strongly positioned to benefit from the rising importance of real-time data in applications and analytics use cases.
Product GrowthEmerging products Connect, Process (Flink), and Govern are in focus, with Connectors representing the majority of non-core contributions and Govern being the fastest growing.
Bears Say
CompetitionIncreasing hyperscaler competition has become a greater concern for investors.
Financial PerformanceOptics around bookings and billings are likely to remain subdued given recent changes in sales incentives.
Leadership ChangesA prominent leader in the sales organization has left the company amid a shift in the sales model.
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Ownership Overview
10.23% Insiders
35.26% Mutual Funds
17.53% Other Institutional Investors
36.98% 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 $38.19 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 Jul 31, 2024 which is in 4 days.
How were Confluent’s earnings last quarter?
Confluent released its earnings results on May 07, 2024. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.018 by $0.032.
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 244,657,840 shares outstanding.
What happened to Confluent’s price movement after its last earnings report?
Confluent reported an EPS of $0.05 in its last earnings report, beating expectations of $0.018. Following the earnings report the stock price went up 12.756%.
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 397M.
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Confluent Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$34.50 (37.67% Upside)
$34.50 (37.67% Upside)
Blogger Sentiment
Bullish
CFLT Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 8.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $2.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.0%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-27.90%
12-Months-Change
Fundamentals
Return on Equity
-48.19%
Trailing 12-Months
Asset Growth
6.40%
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
Q1 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
$34.50
▲(37.67% Upside)
Technical Analysis
Best Analysts Covering CFLT
1 Year
1 Year Success Rate
5/11 ratings generated profit
1 Year Average Return
-11.85%
reiterated a buy rating 3 months ago
Copying Derrick Wood's trades and holding each position for 1 Year would result in 45.45% of your transactions generating a profit, with an average return of -11.85% per trade.
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