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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 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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Confluent Recognized as a Leader in Cloud Data Pipelines

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Confluent, Inc. (NASDAQ:CFLT) has been named a Leader by Forrester Research in The Forrester Wave™: Cloud Data Pipelines, Q4 2023, earning the highest possible score across 13 criteria. The recognition validates Confluent's approach of building a comprehensive platform to set data in motion for customers with reuse, security, governance, and reliability top of mind. Confluent helps organizations build streaming data pipelines that connect and unlock data to deliver continuously streamed, processed, and governed data products across a business, earning the highest possible score in 13 criteria that Forrester evaluated.
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Confluent to Present at Upcoming Investor Conferences

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Confluent, Inc. (NASDAQ: CFLT) to present at upcoming investor conferences, including RBC Global Technology, Internet, Media and Telecommunications Conference, Wells Fargo 7th Annual TMT Summit, and Barclays Global Technology Conference. Live webcast and replay available on Confluent's investor relations website at investors.confluent.io.
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Confluent Announces Third Quarter 2023 Financial Results

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Confluent, Inc. (NASDAQ: CFLT) reported strong financial results for Q3 2023, with a 32% YoY revenue growth of $200.2 million. Confluent Cloud revenue also increased by 61% YoY to $92 million. The company's remaining performance obligations reached $824 million, up 24% YoY. Confluent now has 1,185 customers with $100,000 or greater in ARR, a 25% YoY increase.
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Confluent to Announce Third Quarter 2023 Financial Results on November 01, 2023

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Confluent, Inc. to release Q3 2023 financial results
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Confluent Unveils Apache Flink® on Confluent Cloud, Making it Easier to Build Real-Time Applications with Stream Processing on a Unified Platform

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Confluent launches serverless Flink service, expands Stream Governance capabilities, lowers Kafka costs, and reduces storage pricing for Confluent Cloud.
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Confluent Unveils Data Streaming for AI to Simplify and Accelerate the Development of Real-Time AI Applications

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Confluent announces Data Streaming for AI initiative to accelerate real-time AI applications. Expanding partnerships with MongoDB, Pinecone, Rockset, Weaviate, and Zilliz. Demonstrating product innovations including generative AI-powered assistant. Lack of access to real-time data hinders AI advancements. Confluent aims to provide a shared source of real-time truth for AI applications. Extended partnerships with Google Cloud and Microsoft Azure. Launching POC-ready architectures with Allata and iLink. Introducing Confluent AI Assistant and AI capabilities in Flink SQL.
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Confluent Announces the Data Streaming Startup Challenge

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Confluent announces Data Streaming Startup Challenge, offering up to $500,000 investment for innovative startups leveraging data streaming. Judges include partners from Sequoia Capital, Benchmark, and Index Ventures. Submissions open on September 12, 2023, and close on December 31, 2023. Top 10 announced on January 22, 2024, and top 3 finalists present at Kafka Summit London 2024 for the grand prize. Learn more at https://www.confluent.io/startupchallenge/
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FAQ

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

The current stock price of Confluent (CFLT) is $29.98 as of December 20, 2024.

What is the market cap of Confluent (CFLT)?

The market cap of Confluent (CFLT) is approximately 9.2B.

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

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

CFLT Stock Data

9.25B
248.56M
3.5%
87.84%
4.86%
Software - Infrastructure
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