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.
Confluent, Inc. (NASDAQ: CFLT) has launched Cluster Linking as part of Confluent Platform 7.0, enhancing data connectivity across hybrid and multicloud environments. This feature enables organizations to stream data securely and reliably, overcoming challenges posed by siloed data systems. With a growing number of enterprises adopting hybrid infrastructures, which Ventana Research estimates to reach 75% by 2023, Cluster Linking addresses real-time data syncing issues that traditionally slow down operations. Cloud-native management capabilities and cost-efficient monitoring solutions are also introduced.
Confluent reported Q3 2021 total revenue of $103 million, marking a 67% increase year-over-year. Confluent Cloud revenue surged 245% year-over-year, reaching $27 million. Remaining performance obligations reached $385 million, up 75% year-over-year, with 664 customers generating $100,000 or more in annual recurring revenue, a 48% increase. Despite the positive growth, the company reported a GAAP operating loss of $94.8 million and a GAAP net loss per share of $(0.37). The outlook for Q4 anticipates revenue between $108-$110 million.
Confluent, Inc. (NASDAQ: CFLT) will announce its third-quarter financial results on
Confluent, Inc. (NASDAQ: CFLT) has launched Stream Governance, the first governance suite for streaming data, enhancing data accessibility across organizations. This fully managed cloud solution allows distributed teams to utilize real-time data securely, driving the creation of innovative applications.
Key features include a Stream Catalog for easy data discovery, Stream Lineage for understanding data relationships, and Stream Quality to ensure reliable data streams. These capabilities facilitate the safe expansion of data use, aligning with evolving business needs.
Confluent, Inc. (NASDAQ: CFLT), a leader in data infrastructure, will present virtually at two upcoming investor conferences. The Citi Global Technology Virtual Conference is scheduled for September 13, 2021, at 7:30 a.m. PT. The Piper Sandler Global Technology Virtual Conference will follow on September 14, 2021, at 1:00 p.m. PT. Both presentations will be webcasted live, and replays will be available later on Confluent’s investor relations website. Confluent specializes in real-time data streaming, enhancing customer experiences and backend operations.
Confluent has launched its Q3 2021 Release, enhancing its cloud-native platform for real-time data movement. Key features include Cluster Linking for seamless data migration and disaster recovery, ksqlDB pull queries for simplified stream processing, and new fully managed connectors for Salesforce and Azure. These additions aim to modernize data infrastructure, enabling organizations to leverage real-time data for improved customer experiences and operational efficiency. The release addresses the increasing demand for instant data access in rapidly evolving digital environments.
Confluent (NASDAQ: CFLT) has announced its upcoming presentation at the KeyBanc Technology Leadership Forum on August 10, 2021, at 10:20 a.m. PT / 1:20 p.m. ET. A live webcast and replay of the presentation will be accessible via their investor relations website.
Confluent focuses on data infrastructure, offering a cloud-native platform for real-time data streaming. Their innovative solutions enable organizations to enhance customer experiences and transition to advanced, software-driven operations.
Confluent, Inc. (CFLT) reported strong Q2 2021 financial results with a total revenue of $88.3 million, representing a 64% year-over-year growth. The company achieved a remarkable 200% growth in Confluent Cloud revenue, which now constitutes 22% of total revenue. Remaining performance obligations also grew by 72% to $327.2 million. However, GAAP net loss per share increased to $(0.74), and operating cash flow saw a net usage of $(43.2 million). The outlook for Q3 2021 predicts revenue between $89-$91 million.
Confluent, Inc. (CFLT) has been honored as the 2020 Google Cloud Technology Partner of the Year for Smart Analytics, marking its third consecutive win. This recognition highlights their collaborative achievements in enhancing data analytics solutions for businesses. Confluent's expanded library now includes over 120 pre-built connectors, streamlining data integration with Google Cloud services like BigQuery and Cloud Storage. Their cloud-native platform facilitates real-time analytics across hybrid environments, assisting companies in modernizing legacy systems and driving operational efficiencies.
Confluent, Inc. (NASDAQ: CFLT) will release its Q2 2021 financial results after the U.S. market closes on August 5, 2021. The company will hold a live video webcast to discuss the results at 1:30 p.m. PT / 4:30 p.m. ET on the same day, with materials available on its investor relations website.
Additionally, starting August 9, 2021, certain stakeholders, including employees and directors, can sell up to 25% of their vested shares under specified lock-up agreements following Confluent's recent IPO.
FAQ
What is the current stock price of Confluent (CFLT)?
What is the market cap of Confluent (CFLT)?
What is Confluent, Inc.?
What products does Confluent offer?
Which industries does Confluent serve?
How does Confluent generate revenue?
Where is Confluent headquartered?
Who are the investors backing Confluent?
What recent innovations has Confluent introduced?
What is Apache Kafka™?
How can I download Confluent's platforms?
What is the Confluent Platform?
