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Confluent (CFLT)
NASDAQ:CFLT
Confluent (CFLT) Stock Price & Analysis
888 Followers
CFLT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$14.69 - $41.22
Previous Close$32.23
Volume2.65M
Average Volume (3M)4.09M
Market Cap
$10.24B
Enterprise Value$9.46B
Total Cash (Recent Filing)$1.90B
Total Debt (Recent Filing)$1.11B
Price to Earnings (P/E)-25.7
Beta1.92
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. Volume4,889,111
30 Day Avg. Volume4,093,553
Standard Deviation0.19
R-Squared0.06
Alpha-0.00350
Financial Highlights & Ratios
Price to Book (P/B)13.57
Price to Sales (P/S)36.99
Price to Cash Flow (P/CF)209.30
P/FCF Ratio375.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue12.17
Enterprise Value/Gross Profit17.28
Enterprise Value/Ebitda-22.12
Forecast
1Y Price Target
$35.14Price Target Upside9.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering21
Confluent News
Bulls Say, Bears Say
Bulls Say
Financial Performance And Analyst SentimentAnalyst maintains a Market Outperform rating and raises the price target, reflecting confidence in the company's financial performance.
Product Development And Market PositionIntroduction of Confluent's cloud platform has been transformational, creating significant customer value.
Strategic Business TransitionsThe company's shift to consumption is showing positive results, leading to a stock increase.
Bears Say
Competitive PositionConcerns on CFLT’s ability to execute and compete in a market with higher risk for commoditization and lower cost competition rapidly evolving.
Operational ExecutionWeaker bookings and pricing changes amidst GTM shift, changing disclosure on NER, reflect some mixed signals.
Product LaunchThe launch of Confluent's Flink service was previously delayed, which could have impacted initial expectations.
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Ownership Overview
9.73% Insiders
30.19% Mutual Funds
40.47% Other Institutional Investors
19.61% 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 $41.22 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 72 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 345M.
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Confluent Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$35.14 (9.03% Upside)
$35.14 (9.03% Upside)
Blogger Sentiment
Bullish
CFLT Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 3.7M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $283.3K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 0.3%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
20.30%
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
$35.14
▲(9.03% Upside)
Technical Analysis
Best Analysts Covering CFLT
1 Year
1 Year Success Rate
6/7 ratings generated profit
1 Year Average Return
+25.74%
reiterated a buy rating 12 days ago
Copying Mike Cikos's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +25.74% per trade.
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