Analysts Upgrade Confluent Inc Ratings

Confluent Inc [CFLT] Records 50-Day SMA of $29.79 – Knox Daily

Oppenheimer initiated an Outperform rating for Confluent Inc with a price target of $37, while Canaccord Genuity upgraded the company from 'Hold' to 'Buy'. Stifel and Loop Capital also initiated 'Buy' and 'Hold' ratings, respectively, in February and January 2024.

Confluent, Inc.

Confluent Inc Insiders Sell Shares Worth $1.94 Million

Confluent Inc insiders, including Vishria Eric, Sivaram Rohan, and Verbowski Chad, sold a total of 96,363 shares valued at $1,944,436, reducing their holdings in the company.

Confluent Inc Records 50-Day SMA of $29.79

Confluent Inc recorded a 50-day SMA of $29.79 and a 200-day SMA of $27.87, with a trading volume of 2.82 million shares.

Confluent Inc Shares Reach 52-Week High

Confluent Inc shares have seen a 29.27% increase over the year, reaching a 52-week high of $35.07 on March 4, 2024.

Confluent Launches Partner Initiative for Kafka Migration

Confluent Targets ANZ Channel with NEXTGEN Group Partnership

Confluent has launched a partner initiative to help migrate customers from open-source Kafka software to its own data streaming platform. This initiative aims to provide a seamless transition for customers and drive adoption of Confluent's solutions.

Confluent Revamps Channel Program

Confluent has revamped its channel program to help partners develop repeatable services and solutions, enabling customers to realize value more quickly. This update aims to enhance Confluent's partner ecosystem and drive growth.

Confluent Partners with NEXTGEN Group for ANZ Growth

Confluent, a US-based data streaming solution provider, has partnered with NEXTGEN Group to expand its presence in Australia and New Zealand. NEXTGEN Group will also represent Confluent in Singapore and Malaysia. This partnership aims to introduce Confluent's industry-leading solutions to more customers through NEXTGEN's collaborative service model.

Confluent Cloud Achieves Australian Government's PROTECTED Level

Confluent Cloud has been fully assessed by the Australian government and is now available for use at the Information Security Manual PROTECTED level. This certification enables Confluent to provide its data streaming solution to government agencies and organizations in Australia.

Confluent Reports Strong Q1 2024 Earnings with 25% Year-Over-Year Revenue Growth

Scoop Up This Disruptive Growth Stock for 22% Upside

Confluent, Inc. reported a 25% year-over-year increase in total revenue, reaching $217 million in Q1 2024, with an EPS of $0.05 beating the expected $0.02. The company's gross margins also improved to 76.9% from 65.8% the previous year.

Confluent Provides Guidance for Q2 2024 and Full Year

Confluent management expects Q2 2024 revenues to land between $229 million and $230 million, representing a 21% to 22% jump from last year. The company is also anticipating revenue of $957 million for the full year, up 23%, with adjusted EPS between $0.19 and $0.20.

Confluent, Inc. is a technology company that provides a commercial platform for managing real-time data streams, specializing in event-driven architectures. It offers a cloud-native platform designed to unleash real-time data, acting as a central nervous system for companies to connect all their applications around real-time streams and react intelligently to business events.

Confluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion. It also provides Kafka Connect that enables to build connectors to integrate Apache Kafka with other apps and data systems; ksqlDB, a database for stream processing applications; and stream governance, a solution that is designed for the intricacies of streaming data, which allows teams to expand usage of real-time data without bypassing requirements for risk management and regulatory compliance. In addition, it also offers training and professional services. 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.

IO:CONFLUENT

Confluent, Inc.

Last Close

28.57

21/11 15:00

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8.20B

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1.90M

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