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Analysis
Confluent, Inc. (CFLT)
Confluent, Inc. (CFLT)
Ranking:
Buy
Implies positive momentum
Stock Name: Confluent, Inc.
Symbol: CFLT
Market Cap: $8.88B
Industry: Software - Infrastructure
Sector: Technology
Website: https://www.confluent.io
About Confluent, Inc.

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 Please visit their website for more information.

Overview:
Last Close: $27.07
52 Week: $18.67-$34.53
MVA50: 23.80
MVA200: 24.74
RSI: 70.95
Buy/Sell*: 54.05
1-Month change: 26.23%
3-Month change: 3.44%
*Proprietary Buy Sell Volume Indicator
Price Chart For CFLT
Financial Parameters Most Recent Quarter: (2024-Q3),2024-09-30
Revenue: $250M
Revenue Growth (YOY): 24.99%
Profit (% of Rev): 74.54%
Income (% of Rev): -29.63%
Income Growth (YOY): -19.99%
Operating Income: $-94M
Operating Cash Flow: $16M
Operating Cash Flow Growth (YoY): -272.33%
Annual Dividend Yield: 0.00%
Total Assets: $2.61B
Total Liabilities: $1.67B
Cash & Equivalent: $323M
Total Debt: $1.11B
Debt/Equity: 1.18
Quick Ratio: 4.24
Current Ratio: 4.24
Price/Book: 7.07
Price/Earnings: -22.29
EBITDA: $-94M
EPS: -0.23
Our Approach

Our proprietary analysis employs a weighted average approach integrating both functional and technical parameters, tailored to the sector, industry, and microeconomic factors. This methodology assigns dynamic weights to the parameters, with a focus on recent trends, ensuring a nuanced evaluation for informed investment decisions. Considering all the above parameters, in addition to some of the derived parameters of the stock in conjunction with its sector and macroeconomic conditions, our proprietary Weighted Average AI model gives a rank of Buy.

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