Confluent, Inc. (CFLT): Price and Financial Metrics
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CFLT POWR Grades
- CFLT scores best on the Growth dimension, with a Growth rank ahead of 75.86% of US stocks.
- The strongest trend for CFLT is in Momentum, which has been heading up over the past 178 days.
- CFLT's current lowest rank is in the Stability metric (where it is better than 5.54% of US stocks).
CFLT Stock Summary
- CONFLUENT INC's stock had its IPO on June 24, 2021, making it an older stock than only 4.82% of US equities in our set.
- With a price/sales ratio of 10.87, CONFLUENT INC has a higher such ratio than 90.38% of stocks in our set.
- Revenue growth over the past 12 months for CONFLUENT INC comes in at 51.07%, a number that bests 84.76% of the US stocks we're tracking.
- Stocks with similar financial metrics, market capitalization, and price volatility to CONFLUENT INC are VIEW, OKTA, FIVN, MDB, and VUZI.
- To dig deeper into the stock's financial statements, go to CFLT's page on browse-edgar?action=getcompany&CIK=0001699838.
CFLT Valuation Summary
- In comparison to the median Technology stock, CFLT's EV/EBIT ratio is 186.24% lower, now standing at -16.3.
- Over the past 21 months, CFLT's price/sales ratio has gone down 32.
Below are key valuation metrics over time for CFLT.
| Stock | Date | P/S | P/B | P/E | EV/EBIT |
|---|---|---|---|---|---|
| CFLT | 2023-03-14 | 11.2 | 8.6 | -14.5 | -16.3 |
| CFLT | 2023-03-13 | 11.0 | 8.4 | -14.3 | -16.0 |
| CFLT | 2023-03-10 | 10.8 | 8.2 | -14.0 | -15.7 |
| CFLT | 2023-03-09 | 11.5 | 8.7 | -14.9 | -16.6 |
| CFLT | 2023-03-08 | 12.4 | 9.5 | -16.1 | -17.8 |
| CFLT | 2023-03-07 | 12.6 | 9.6 | -16.3 | -18.1 |
CFLT Price Target
For more insight on analysts targets of CFLT, see our CFLT price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page.
| Average Price Target | $50.83 | Average Broker Recommendation | 1.8 (Moderate Buy) |
CFLT Stock Price Chart Interactive Chart >
CFLT Price/Volume Stats
| Current price | $23.15 | 52-week high | $44.97 |
| Prev. close | $21.61 | 52-week low | $16.48 |
| Day low | $21.92 | Volume | 2,276,400 |
| Day high | $23.42 | Avg. volume | 4,018,683 |
| 50-day MA | $23.70 | Dividend yield | N/A |
| 200-day MA | $24.30 | Market Cap | 6.74B |
Confluent, Inc. (CFLT) Company Bio
Confluent, Inc. engages in developing cloud-native platform for data-in-motion that helps companies to connect their applications around real-time streams in the United States and internationally. The company offers Apache Kafka, a community distributed event streaming platform. Its products also include Confluent Cloud, a managed cloud-native service for Apache Kafka to connect and process data of user companies; Confluent platform, a self-managed platform to connect, process, and react to data in real-time for streaming data from across the organization for customer experiences and data-driven operations; ksqlDB that enables users to build real-time applications; and Confluent hub. The company's solutions also include insurance, automotive, technology, fraud detection, customer 360, messaging modernization, streaming ETL, event-driven microservices, mainframe offload, SIEM optimization, bridge to cloud, and internet of things. It also provides professional services and tools for Confluent customers to help in streaming platform adoption; and training and certification programs for Confluent education. The company serves financial services, gaming, government, manufacturing, media and entertainment, and retail and eCommerce industries. It has a strategic alliance with Microsoft. 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.
Latest CFLT News From Around the Web
Below are the latest news stories about CONFLUENT INC that investors may wish to consider to help them evaluate CFLT as an investment opportunity.
AI Will Add $200 Trillion to the Economy by 2030, Says ARK Invest -- 2 Stocks to Buy If It DoesUnder the leadership of Cathie Wood, ARK Investment Management is known for its unrelentingly bullish stance on the technology sector. It has a portfolio of exchange-traded funds (ETFs), like the ARK Innovation ETF, that are focused on buying innovative technology companies with long-term growth potential. The firm just released its Big Ideas 2023 report, and it contained a series of bold predictions about electric vehicles, robotics, aerospace, and (of course) artificial intelligence (AI). |
Nasdaq Sell-Off: 3 Growth Stocks Down 60% to 75% Worth Buying On the DipThe Nasdaq-100 index is often used as a yardstick for the technology sector's performance because it hosts 100 of the largest tech companies listed on the Nasdaq stock exchange. The Nasdaq-100 plunged by 33% in 2022, marking its worst year since the global financial crisis in 2008. Despite this shaky period, certain tech companies are delivering spectacular growth in their underlying businesses, which isn't necessarily being reflected in their stock prices. |
Is Brink's (BCO) Outperforming Other Business Services Stocks This Year?Here is how Brink's (BCO) and Confluent (CFLT) have performed compared to their sector so far this year. |
Confluent to Present at Upcoming Investor ConferencesMOUNTAIN VIEW, Calif., February 27, 2023--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced that its management will present at the following upcoming investor conferences: |
5 Best Value Stocks to Buy Right NowValue stocks are poised for another strong year. The core reason is that companies with stable free cash flows, strong balance sheets, and an established competitive moat are better equipped to handle an economic downturn than businesses focused on growth at all costs. Which value stocks are the most attractive buys right now? |
CFLT Price Returns
| 1-mo | N/A |
| 3-mo | 4.47% |
| 6-mo | 5.71% |
| 1-year | -43.32% |
| 3-year | N/A |
| 5-year | N/A |
| YTD | 4.09% |
| 2022 | -70.83% |
| 2021 | N/A |
| 2020 | N/A |
| 2019 | N/A |
| 2018 | N/A |
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