Welcome to our dedicated page for Confluent news (Ticker: CFLT), a resource for investors and traders seeking the latest updates and insights on Confluent stock.
Confluent, Inc. (NASDAQ: CFLT) is a pioneering force in the realm of data streaming platforms, founded by the creators of Apache Kafka™. Headquartered in Palo Alto, California, Confluent empowers enterprises across various sectors such as financial services, retail, logistics, manufacturing, technology, and media to harness the full potential of real-time data. By transforming isolated data systems into responsive data pipelines, Confluent enables organizations to make immediate data-driven decisions.
Confluent's flagship product, the Confluent Platform, integrates seamlessly with Apache Kafka™, providing a comprehensive solution that includes robust connectors, ksqlDB for stream processing, and additional tools for monitoring and managing data streams. This platform ensures that data flows efficiently and securely across the various layers of an enterprise's IT infrastructure.
The company generates its revenue predominantly through subscription services and professional support, with a significant portion of its business concentrated in the United States. Confluent's offerings cater to multiple industries, providing tailored solutions that address specific challenges in financial services, insurance, retail, automotive, and government sectors, among others.
Confluent is backed by prominent investors including Benchmark, Data Collective, Index Ventures, and LinkedIn, underscoring its strong market position and investor confidence. The company continuously innovates and expands its product suite to meet the evolving needs of its clients.
In recent news, Confluent has launched several cutting-edge initiatives, including the introduction of applied machine learning and generative AI capabilities to enhance real-time oversight and anti-money laundering (AML) operations in fintech and banking. This innovation signifies a major leap forward in financial compliance and risk management, offering unparalleled real-time monitoring, reporting, and decision-making capabilities.
To learn more about Confluent and to download Apache Kafka™ and the Confluent Platform, visit the company's website at www.confluent.io.
Oscilar has launched its Cognitive Identity Intelligence Platform to combat AI-powered fraud, which is projected to cause $40 billion in losses by 2027. The platform analyzes thousands of digital markers to create unique cognitive signatures that are reportedly impossible to replicate, even with advanced AI tools. Led by former Confluent co-founder Neha Narkhede, the solution features advanced polymorphic code, dynamic execution paths, and real-time processing capable of handling over 100,000 transactions per second. The platform is already being utilized by several financial institutions, including Happy Money and Curve, demonstrating improvements in fraud prevention while maintaining user experience.
Confluent (NASDAQ: CFLT), a pioneer in data streaming, announced its participation in three upcoming investor conferences.
RBC Global Technology, Internet, Media and Telecommunications Conference: Scheduled for Tuesday, November 19, 2024, at 5:00 a.m. PT / 8:00 a.m. ET.
Wells Fargo 8th Annual TMT Summit: Scheduled for Wednesday, December 4, 2024, at 11:00 a.m. PT / 2:00 p.m. ET.
Barclays Global Technology Conference: Scheduled for Thursday, December 12, 2024, at 11:00 a.m. PT / 2:00 p.m. ET.
A live webcast and a replay of each presentation will be accessible on Confluent’s investor relations website at investors.confluent.io.
Confluent (NASDAQ: CFLT) reported strong Q3 2024 financial results with subscription revenue reaching $240 million, up 27% year over year, and Confluent Cloud revenue of $130 million, up 42% year over year. The company achieved total revenue of $250.2 million, representing 25% growth. Notable improvements include a positive non-GAAP operating income of $15.8 million and free cash flow of $9.3 million. The company maintains 1,346 customers with $100,000+ in ARR, up 14% YoY. Based on Q3 performance, Confluent raised its full-year 2024 subscription revenue guidance and targets positive non-GAAP operating margin.
Confluent, Inc. (NASDAQ: CFLT), the data streaming pioneer, has announced that it will release its financial results for the third quarter of 2024 on Wednesday, October 30, 2024, after the U.S. market close. The company will host a live video webcast to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day.
Investors can access the webcast through the company's investor relations website at investors.confluent.io. Prior to the webcast, Confluent's earnings press release and supplemental materials will be available on the same website. A replay of the webcast will also be accessible from the investor relations website shortly after the live event concludes.
Confluent (NASDAQ:CFLT) has announced investments in two regional system integrators (RSIs), Onibex and Psyncopate, to meet rising demand for complete data streaming platforms. Onibex connects SAP data to other systems in real-time using Confluent Cloud, while Psyncopate specializes in migrating legacy TIBCO infrastructure to Confluent's platform.
The investments aim to scale real-time data practices, accelerate high-value use case development, and drive customer success. Confluent's SVP of Partner and Innovation Ecosystem, Paul Mac Farland, emphasized the importance of partners in capturing the $60 billion data streaming market. Both RSIs are part of Confluent's 'Build with Confluent' program, which provides access to Confluent's comprehensive data streaming platform for faster joint solution development.
Confluent (NASDAQ:CFLT) has launched its OEM Program for managed service providers (MSPs), cloud service providers (CSPs), and independent software vendors (ISVs). This program allows partners to integrate Confluent's enterprise-grade data streaming platform for Apache Kafka® and Apache Flink® into their offerings. Key benefits include:
1. License to globally redistribute or embed Confluent's platform
2. Expert implementation guidance and certification
3. Flexible commercial terms
4. Ongoing technical support
The program aims to help partners unlock new revenue streams, accelerate service delivery, reduce support costs, and minimize complexity and risk. Launch partners include Alibaba Cloud, Infosys, and Mindgate Solutions, highlighting the program's potential to meet growing demand for real-time data solutions across various industries.
Confluent (NASDAQ:CFLT) has introduced new capabilities to its Confluent Cloud to enhance stream processing and data streaming accessibility and security. Key updates include:
1. Table API support for Apache Flink®, enabling Java and Python developers to build streaming applications.
2. Private networking for Flink, providing enterprise-level protection for sensitive data use cases.
3. Confluent Extension for Visual Studio Code to accelerate real-time use case development.
4. Client-Side Field Level Encryption for stronger data security and privacy.
These enhancements aim to make Apache Flink more accessible, secure, and easier to integrate into existing workflows, addressing challenges such as operational complexity and infrastructure costs.
Confluent (NASDAQ:CFLT) has acquired WarpStream, an Apache Kafka-compatible data streaming platform, to enhance its Bring Your Own Cloud (BYOC) offerings. This acquisition allows Confluent to provide data streaming solutions for all customer needs, including fully managed (Confluent Cloud), self-managed (Confluent Platform), and now BYOC with WarpStream.
WarpStream's BYOC architecture is designed for organizations with large-scale workloads and relaxed latency requirements, ideal for logging, observability, and feeding data lakes. The acquisition aligns with Confluent's mission to build a data streaming platform for everyone, regardless of configurations and workloads.
WarpStream's approach, built directly on object storage like Confluent's Kora engine, brings managed data streaming benefits into the customer's cloud. Confluent plans to add features such as processing and governance to WarpStream BYOC in the future.
Confluent, Inc. (NASDAQ: CFLT), a data streaming pioneer, has announced its management's participation in two upcoming investor conferences. The first is the Goldman Sachs Communacopia + Technology Conference on Monday, September 9, 2024, at 1:45 p.m. PT / 4:45 p.m. ET. The second is the Piper Sandler Growth Frontiers Conference on Wednesday, September 11, 2024, at 9:00 a.m. PT / 12:00 p.m. ET.
Investors and interested parties can access live webcasts and replays of both presentations through Confluent's investor relations website at investors.confluent.io. These conferences provide an opportunity for Confluent to showcase its data streaming technology and engage with potential investors.
Confluent (NASDAQ: CFLT) reported solid financial results for Q2 2024, with subscription revenue reaching $224.7 million, up 27% year-over-year. Confluent Cloud revenue grew 40% to $117 million. The company added 1,306 customers with $100,000+ in ARR, a 14% increase. Despite a GAAP operating loss of $108.3 million, Confluent achieved a non-GAAP operating income of $1.3 million, marking a significant improvement from last year's loss.
Key highlights include:
- Total revenue: $235.0 million, up 24% YoY
- Non-GAAP operating margin: 0.6%, up 9.7 points YoY
- Free cash flow: $2.7 million, improving by $37.9 million YoY
For Q3 2024, Confluent expects subscription revenue between $233-$234 million and a non-GAAP operating margin of 0%.
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