CFLT Stock Recent News

LONDON--(BUSINESS WIRE)--Confluent, Inc. (Nasdaq: CFLT), the data streaming pioneer, announced new Confluent Cloud capabilities that make it easier to process and secure data for faster insights and decision-making. Snapshot queries, new in Confluent Cloud for Apache Flink®, bring together real-time and historic data processing to make artificial intelligence (AI) agents and analytics smarter. Confluent Cloud network (CCN) routing simplifies private networking for Apache Flink®, and IP Filterin.

Confluent (CFLT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

The consensus price target hints at a 44.2% upside potential for Confluent (CFLT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Data streaming is a technology investors might want to learn more about, because it's powering more digital experiences each day. Businesses can use it to show live inventory information on their websites so people know if a product is available before they buy, and stock trading platforms can use it to feed live prices directly to investors' smartphones.

The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.

Confluent: Growing Moat Could Offset Spending Uncertainty

Confluent's stock has dropped ~30% since January due to weaker consumption trends, presenting a buying opportunity despite short-term risks. The company cut its FY25 outlook to 20% y/y growth in subscription revenue, one point weaker than its prior forecast. The stock's corresponding post-earnings slide more than compensates for this risk. Confluent's TAM is projected to reach $100 billion by 2027, with current revenue only 1% penetrated, indicating significant long-term growth potential.

One of the more beaten-down tech stocks over the past month or so has been data streaming specialist Confluent (CFLT -18.63%).

Confluent (CFLT -18.35%) stock is getting crushed in Thursday's trading following the company's quarterly report yesterday. The company's share price was down 17.3% as of 12:45 p.m.

U.S. stock futures were higher this morning, with the Dow futures gaining around 300 points on Thursday.