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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 third quarter of 2024, which ended September 30, 2024, after the U.S. market close on Wednesday, October 30, 2024. Confluent will host a live video webcast to discuss the results. Video Webcast Information Date: Wednesday, October 30, 2024 Time: 1:30 p.m. PT / 4:30 p.m. ET Webcast: https://investors.confluent.io Prior to the commencement o.
Investors can benefit from paying attention when a group of Wall Street analysts reach a similar conclusion about a particular stock. The majority of the analysts tracked by 'The Wall Street Journal' have given Zscaler and Confluent a buy rating.
SCOTTSDALE, Ariz., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Confluent Medical Technologies (Confluent) announced today that Dean Schauer, who has served as the company's Chief Executive Officer for more than a decade, has assumed the role of Chairman in addition to his existing responsibilities as CEO and President.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced it has acquired WarpStream, an Apache Kafka®-compatible data streaming platform. WarpStream's Bring Your Own Cloud (“BYOC”) data streaming architecture is designed for organizations running large scale workloads with relaxed latency requirements in their own cloud environment, perfect for logging, observability, and feeding data lakes. With the acquisition of WarpStream, Confluent.
Streaming data and Kafka specialist Confluent on Monday announced that it has acquired WarpStream, a Kafka-compatible streaming data solution. Confluent plans to use WarpStream's cloud-native solution to fill out its portfolio by offering a new service (Confluent WarpStream) that can sit in between its fully-managed Confluent Cloud and self-managed Confluent Platform.
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 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.
Wall Street pays significant attention to the technology sector as tech companies typically deliver substantial returns to investors. However, the volatile nature of this industry means that tech stocks can especially short-term experience downturns.
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.
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.