Confluent CTO Chad Verbowski Announces Retirement Plan
TipRanks (Thu, 14-Nov 4:33 PM ET)
PRNewswire (Thu, 14-Nov 9:01 AM ET)
Confluent to Present at Upcoming Investor Conferences
Business Wire (Tue, 12-Nov 4:05 PM ET)
Twilio gets bullish views at Wells Fargo, while Five9 and Sprinklr see rating cuts
Seeking Alpha News (Tue, 12-Nov 10:20 AM ET)
Confluent Announces Third Quarter 2024 Financial Results
Business Wire (Wed, 30-Oct 4:03 PM ET)
Confluent to Announce Third Quarter 2024 Financial Results on October 30, 2024
Business Wire (Mon, 7-Oct 8:30 AM ET)
Business Wire (Wed, 18-Sep 9:00 AM ET)
Confluent Supercharges Apache Flink Offering with New Developer Tools and Enterprise-Ready Security
Business Wire (Tue, 17-Sep 9:00 AM ET)
Business Wire (Tue, 17-Sep 9:00 AM ET)
Confluent Acquires WarpStream to Advance Next-Gen BYOC Data Streaming
Business Wire (Mon, 9-Sep 4:05 PM ET)
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. Its products include Confluent Platform; Connectors; ksqlDB and others. The company generates revenue from the sale of subscriptions and services. Geographically, it derives a majority of its revenue from the United States. The company provides solutions to Financial Services; Insurance; Retail and eCommerce; Automotive; Government and other sectors.
Confluent - Class A trades on the NASDAQ stock market under the symbol CFLT.
As of November 14, 2024, CFLT stock price declined to $28.53 with 3,129,203 million shares trading.
CFLT has a beta of 2.05, meaning it tends to be more sensitive to market movements. CFLT has a correlation of 0.17 to the broad based SPY ETF.
CFLT has a market cap of $9.36 billion. This is considered a Mid Cap stock.
Last quarter Confluent - Class A reported $250 million in Revenue and $.10 earnings per share. This beat revenue expectation by $5 million and exceeded earnings estimates by $.05.
In the last 3 years, CFLT traded as high as $87.00 and as low as $14.69.
The top ETF exchange traded funds that CFLT belongs to (by Net Assets): VTI, VB, VGT, VXF, SKYY.
CFLT has outperformed the market in the last year with a price return of +58.9% while the SPY ETF gained +36.4%. CFLT has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +33.9% and +23.7%, respectively, while the SPY returned +9.8% and +2.3%, respectively.
CFLT support price is $28.29 and resistance is $29.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CFLT shares will trade within this expected range on the day.