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Confluent, Inc. - CFLT STOCK NEWS

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.

News

Confluent Named a Leader in Two IDC MarketScape Reports Evaluating Data Streaming Technologies

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Confluent, Inc. (CFLT) has been recognized as a Leader in the IDC MarketScape for Worldwide Analytic Stream Processing Software 2024 Vendor Assessment and the IDC MarketScape for Worldwide Event Brokering Software 2024 Vendor Assessment. The company's data streaming platform, powered by Apache Kafka, is trusted by major organizations for real-time data processing. Confluent Cloud offers a wide range of capabilities, including stream governance, multicloud support, AI integrations, and out-of-the-box monitoring and security features.
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Confluent Announces General Availability of Confluent Cloud for Apache Flink®, Simplifying Stream Processing to Power Next-Gen Apps

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Confluent, Inc. (NASDAQ:CFLT) announces the availability of Confluent Cloud for Apache Flink®, a fully managed service for real-time data processing. The service is now accessible on AWS, Google Cloud, and Microsoft Azure, offering reliable, serverless stream processing. Organizations can leverage this solution for fraud detection, predictive maintenance, and real-time inventory management. Flink is a popular stream processing framework, with almost one million downloads in 2023. The integration of Kafka and Flink in a unified platform provides seamless data processing capabilities, reducing operational burdens and costs.
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Confluent Unveils Tableflow to Unite Analytics and Operations with Data Streaming

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Confluent, Inc. (NASDAQ: CFLT) introduces new Confluent Cloud capabilities, including Tableflow for easier data conversion to Apache Iceberg tables, enhanced connectors with secure networking, and Stream Governance for data governance features. The company aims to streamline data processing and sharing while ensuring data safety and integrity.
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Confluent Extends Confluent Cloud Access With Completion of IRAP PROTECTED Assessment

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Confluent, Inc. (CFLT) enables Australian Government agencies to use Confluent Cloud at a PROTECTED level across multiple cloud providers, enhancing data integration and security. The company completes an assessment according to Australian Signals Directorate standards, emphasizing data security and compliance. Confluent's data streaming platform offers key advantages like superior scale, resilience, and native stream processing capabilities.
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Confluent to Present at Upcoming Investor Conferences

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Confluent, Inc. (CFLT) will be presenting at upcoming investor conferences including The Citizens JMP Technology Conference and Morgan Stanley Technology, Media & Telecom Conference. The presentations will be available via live webcast and replay on Confluent's investor relations website.
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Confluent Migration Accelerator Simplifies the Switch to a Complete Data Streaming Platform

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Confluent, Inc. (NASDAQ:CFLT) introduces the Confluent Migration Accelerator program in collaboration with partners to facilitate organizations' data streaming transitions. The program aims to simplify migrations from Apache Kafka to enhance real-time data utilization for businesses.
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Confluent Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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Confluent, Inc. (NASDAQ: CFLT) reported strong financial results for Q4 and fiscal year 2023, with total revenue of $213 million in Q4, up 26% year over year, and $777 million for fiscal year 2023, up 33% year over year. Subscription revenue also saw significant growth, with $203 million in Q4, up 31% year over year, and $729 million for fiscal year 2023, up 36% year over year. Confluent Cloud revenue hit $100 million in Q4, up 46% year over year, and $349 million for fiscal year 2023, up 65% year over year. The company achieved a milestone of 1,229 customers with $100,000 or greater in ARR, up 21% year over year. The company's leadership in the data streaming platform category is attributed to driving high revenue growth and accelerating the path to achieving the first positive non-GAAP operating margin in Q4. However, the company's transition from total revenue to subscription revenue outlook may pose challenges in predicting future financial performance.
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Confluent to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on February 07, 2024

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Confluent, Inc. (CFLT) will release its Q4 and fiscal year 2023 financial results on February 07, 2024, after the U.S. market close. The company will host a live webcast to discuss the results, accessible through its investor relations website. A replay will also be available.
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Confluent Named a Leader in Streaming Data Platforms

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Confluent, Inc. (NASDAQ:CFLT) has been named a Leader by Forrester Research in The Forrester Wave™: Streaming Data Platforms, Q4 2023, scoring the highest possible in 10 criteria. The report emphasizes the importance of real-time data in modern organizations and praises Confluent's role in providing a complete, enterprise-ready data streaming platform. Confluent's strength lies in offering cloud native versions of Kafka with added developer tools, making it easier to create and manage streaming applications. The company's success is attributed to its ability to break down data barriers and enable organizations to focus on developing real-time applications that drive significant business value.
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Confluent Now Available on SAP® Store

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Confluent, Inc. (NASDAQ: CFLT) integrates with SAP Datasphere to deliver a cloud-native data streaming platform for real-time data processing. Confluent is now available on SAP Store, providing a secure solution for accessing SAP data as fully managed data streams for customers. The integration allows businesses to build real-time applications at a lower cost, move SAP data in real time, and maintain strict security, compliance, and governance standards.
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FAQ

What is the current stock price of Confluent (CFLT)?

The current stock price of Confluent (CFLT) is $26.22 as of November 1, 2024.

What is the market cap of Confluent (CFLT)?

The market cap of Confluent (CFLT) is approximately 8.6B.

What is Confluent, Inc.?

Confluent, Inc. is a company that provides a streaming platform based on Apache Kafka™, enabling enterprises to maximize the value of real-time data.

What products does Confluent offer?

Confluent offers the Confluent Platform, Connectors, ksqlDB, and other tools for data stream management and processing.

Which industries does Confluent serve?

Confluent serves various industries including financial services, insurance, retail, eCommerce, automotive, and government.

How does Confluent generate revenue?

Confluent generates revenue primarily through the sale of subscriptions and professional services.

Where is Confluent headquartered?

Confluent is headquartered in Palo Alto, California.

Who are the investors backing Confluent?

Confluent is backed by Benchmark, Data Collective, Index Ventures, and LinkedIn.

What recent innovations has Confluent introduced?

Recently, Confluent has introduced applied machine learning and generative AI capabilities for real-time oversight and enhanced AML operations.

What is Apache Kafka™?

Apache Kafka™ is an open-source stream processing platform developed by the founders of Confluent, which serves as the backbone of their streaming solutions.

How can I download Confluent's platforms?

You can download Apache Kafka™ and the Confluent Platform from their official website at www.confluent.io/download.

What is the Confluent Platform?

The Confluent Platform is an integrated suite that enhances Apache Kafka™ with additional tools for data streaming, management, and processing.

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Confluent, Inc.

Nasdaq:CFLT

CFLT Rankings

#931 Ranked by Market Cap
N/A Ranked by Dividends

CFLT Stock Data

8.61B
250.07M
3.66%
93.46%
6.22%
Software - Infrastructure
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