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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Year over year growth in Revenue and Operating Expenses.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Confluent

Confluent, Inc. designs and develops a real-time data platform for organizations. It offers confluent platform, KSQL and Confluent hub products. The firm provides application architecture engagement, multi data center, security and upgrade engagement and Amazon web services cloud deployment services. The company was founded by Jay Kreps, Neha Narkhede and Jun Rao in September 2014 and is headquartered in Mountain View, CA.

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Confluent surpasses Q4 revenue targets, accelerates profitability goals

Confluent's Q4 performance exceeded expectations, driven by strong Confluent Cloud growth and operational improvements. Despite macro challenges, the company remains optimistic about high growth rates and profitability goals. Strategic investments in key areas and positive market reception of new products position Confluent for continued success.

Confluent reports strong Q1 earnings, eyes growth amid operational gains

Confluent's Q1 performance reflects robust revenue growth and operational improvements, with a focus on customer acquisition and cloud revenue expansion.
While facing challenges in deal cycles and operating margin outlook, the company is strategically positioned to leverage its platform strengths and market opportunities.
By capitalizing on its architectural advantages, customer base expansion, and cost-effective cloud offering, Confluent aims to drive sustained growth and market leadership.

Confluent reports robust Q2 earnings, eyes AI opportunities for growth

Confluent's Q2 performance reflects strong revenue growth and operational improvements, with a focus on expanding its cloud business and enhancing customer value. While facing challenges in consumption trends and competition dynamics, the company is leveraging opportunities in AI applications and monetization strategies to drive future growth.

Confluent surpasses Q3 expectations, eyes growth through consumption model

Confluent's Q3 performance exceeded expectations despite challenges, focusing on consumption model transition for growth.
Strong customer retention rates and new product offerings driving adoption and revenue visibility.
Challenges include lower Cloud revenue outlook for Q4 due to macro pressures and customer consumption.
Opportunities lie in capturing market opportunities in streaming and solid growth potential in digital native market.

Confluent reports robust Q4 earnings, eyes growth in AI partnerships

Confluent's strong Q4 performance with revenue growth and positive operating margin signals a promising outlook for 2024.
The company's focus on customer success, data streaming leadership, and strategic partnerships positions them well for future growth.
While facing challenges like operating margin headwinds and new customer booking shifts, Confluent's opportunities in AI partnerships and real-time data demand are key for future success.

Confluent exceeds Q1 revenue targets, eyes growth opportunities ahead

Confluent's Q1 2024 showed strong revenue growth and margin improvement.
The company is capitalizing on new offerings and customer feedback.
Challenges include dealer issues and revenue lumpiness, but full-year guidance is positive.
Opportunities lie in Flink adoption, new revenue streams, and API accessibility.

Confluent beats Q2 targets, eyes growth through consumption model shift

Confluent's Q2 performance exceeded expectations, driven by strong subscription revenue growth and margin improvement. While facing challenges in NRR and pricing changes, the company is well-positioned to capitalize on opportunities in data streaming platform adoption and consumption-oriented strategies.

Confluent reports stellar Q3 earnings, eyes growth in AI solutions

Confluent's Q3 performance reflects strong financial health and strategic execution, with a focus on efficient growth and market leadership in data streaming solutions.
The company's strengths lie in customer conversion to higher ARR tiers, innovative product-led growth strategies, and competitive positioning against startups.
While challenges in sustaining growth and balancing innovation persist, Confluent's optimism about future opportunities and market potential remains high.

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Confluent, Inc. engages in creating a data infrastructure platform focused on data in motion. The firm provides application architecture engagement, multi data center, security and upgrade engagement, and Amazon web services cloud deployment services. Its products include Confluent Cloud and Confluent Platform. The company was founded by Edward Jay Kreps, Neha Narkhede, and Jun Rao on September 1, 2014, and is headquartered in Mountain View, CA.

Confluent's customer acquisition accelerated in the second quarter, which could lead to improved growth going forward. The scaling of Confluent's stream processing product should also begin to support growth in the coming years. Confluent's margins should improve over the next years as stock-based compensation costs decline. Confluent is also closing in on cash flow breakeven.

Confluent: Expanding Customer Base A Step In The Right Direction

Datadog

It can pay to listen when multiple analysts reach the same conclusion on a given stock. A majority of analysts surveyed by The Wall Street Journal are bullish on shares of Confluent and Datadog.

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Confluent's shift to a consumption model will drive growth, in my opinion, by attracting new customers, improving satisfaction, and encouraging customers to increase their usage. Confluent's new Flink platform is another tailwind to growth due to the benefits of using both Kafka and Flink together. Confluent's customers are looking to increase their spending at a 20% CAGR over the next 3 years, highlighting the stickiness of its platform.

Confluent: New Revenue Model & Flink Platform Are Game Changers For Growth

Confluent reported better-than-expected growth last quarter, thanks to a bigger customer base and higher spending. The company's huge addressable market and its potential earnings growth could infuse new life into the stock, despite a difficult 2024 so far.

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Palantir is leveraging its advanced AI and data mining capabilities to help enterprises analyze huge amounts of data. Oracle is helping build data center infrastructure for training and inferencing large language models.

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Confluent is tackling a $60 billion opportunity in the data streaming industry. Data streaming helps businesses create real-time customer experiences, and the use cases are expanding.

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Confluent, Inc. (NASDAQ:CFLT ) Q2 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Shane Xie - Investor Relations Jay Kreps - Co-Founder & Chief Executive Officer Rohan Sivaram - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Brad Zelnick - Deutsche Jason Ader - William Blair Derrick Wood - TD Cowen Rudy Kessinger - D.A. Davidson Alex Zukin - Wolfe Research Kash Rangan - Goldman Sachs Pinjalim Bora - JPMorgan Ittai Kidron - Oppenheimer Gregg Moskowitz - Mizuho Mike Cikos - Needham Michael Turrin - Wells Fargo Shane Xie Hello, everyone.

Confluent, Inc. (CFLT) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Confluent (CFLT) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Confluent (CFLT) Q2 Earnings: A Look at Key Metrics

Confluent (CFLT) came out with quarterly earnings of $0.06 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to break-even earnings per share a year ago.

Confluent (CFLT) Q2 Earnings and Revenues Surpass Estimates

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced financial results for its second quarter of 2024, ended June 30, 2024. “Confluent had a solid second quarter, demonstrated by 40% year-over-year revenue growth for Confluent Cloud and our largest sequential increase in total customer count in two years,” said Jay Kreps, co-founder and CEO, Confluent. “Confluent's complete data streaming platform has never been more critical and re.

Confluent Announces Second Quarter 2024 Financial Results

Palantir is building on its foundation of U.S. government contracts with a fast-growing U.S. commercial business. Data streaming player Confluent is rapidly acquiring new customers, thanks to its multi-product platform strategy and shift to a consumption-based business model.

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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, today announced it will release financial results for its second quarter of 2024, which ended June 30, 2024, after the U.S. market close on Wednesday, July 31, 2024. Confluent will host a live video webcast to discuss the results. Video Webcast Information Date: Wednesday, July 31, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.confluent.io Prior to the commencement of the webc.

Confluent to Announce Second Quarter 2024 Financial Results on July 31, 2024

Photronics

ScanSource

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Confluent started the year right, with better-than-expected topline metrics and lower-than-expected operating loss. There was stabilization in the cloud consumption trend in the quarter, and Confluent saw net-new use cases in the broader customer base, including with the digital native customers. The company saw early signs of success from its cloud go-to-market transformation and added 160 new customers in Q1.

Confluent: Resilient Consumption Trends Amidst Broader Software Slowdown

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has been named a Microsoft Partner of the Year for the third time in a row. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. “Data streaming is a crucial part of the modern data stack, and Confluent and Microsoft Azure play a pivotal role in en.

Confluent Recognized as the Winner of 2024 Microsoft OSS on Azure Global Partner of the Year

Zendesk

SAN FRANCISCO--(BUSINESS WIRE)--Sigma, the first and only data analytics solution built natively for cloud scale, announced the addition of two new executives: Christina Liu as Chief Financial Officer (CFO) and Ali Harmer as General Counsel. These new executive hires bring high-impact expertise to measurably grow Sigma and develop the company's business strategy in collaboration with other key leaders in the organization. “Christina and Ali are highly qualified leaders with impressive track rec.

Sigma Names New Chief Financial Officer and New General Counsel to Drive Next Phase of Growth

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MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced Build with Confluent, a new partner program that helps system integrators (SIs) speed up the development of data streaming use cases and quickly get them in front of the right audiences. It includes specialized software bundles for developing joint solutions faster, support from data streaming experts to certify offerings, and access to Confluent's Go-To-Market (GTM) teams to ampli.

Confluent Launches Build with Confluent, the Fastest Path for System Integrators to Tap into the $60B Data Streaming Market

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, unveiled its 2024 Data Streaming Report: Breaking Down the Barriers to Business Agility & Innovation. The report dives into how organizations use data streaming to innovate, accelerate AI adoption, improve business agility, power customer experiences, and overcome data accessibility and management challenges. Based on a survey of 4,110 IT leaders across 12 countries, the report shows the pivot.

New Confluent Global Report Finds Data Streaming Accelerates AI Development and Cuts Costs

I estimate Confluent's forward valuation at 160x non-GAAP operating profits, reflecting a high premium. Despite moderating growth rates, I anticipate Confluent's profitability to improve significantly by 2025. While Confluent isn't cheaply valued, I believe its path to self-sufficiency and free cash flow generation justifies the investment.

Confluent's 2025 Outlook: Self-Sufficiency On The Cards

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Confluent's latest results indicate that customer spending on its data streaming platform remains robust. The demand for Confluent's offerings should continue improving as it sees its addressable market growing to $100 billion by 2025.

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Data streaming powers many of our live experiences online, and Confluent is a leading developer of the technology. Confluent has barely scratched the surface of what could be a $100 billion annual opportunity in data streaming.

News for Confluent Stock (CFLT)