STOCK TITAN

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.

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.23%
Tags
-
Rhea-AI Summary

Confluent, Inc. (NASDAQ: CFLT) has announced the release of its financial results for the first quarter of 2023, ending on March 31, 2023. The results will be disclosed after the U.S. market closes on May 03, 2023. A live video webcast is scheduled for the same day at 1:30 p.m. PT (4:30 p.m. ET) to discuss these results. Interested parties can access the webcast and supplementary materials through Confluent’s investor relations website. The company positions itself as a leader in data streaming, aiming to transform data infrastructure with a cloud-native platform designed to enhance real-time operations and customer experiences.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
-
Rhea-AI Summary

On March 30, 2023, Neha Narkhede and Sachin Kulkarni announced the launch of Oscilar, a company focused on enhancing online transaction security using real-time AI technology. Self-funded with a $20 million investment, Oscilar aims to address significant fraud and theft challenges in the growing $200 billion risk protection market. Their AI Risk Decisioning platform promises to automate risk assessment in milliseconds, reducing the $48 billion annual fraud costs to companies and $8 billion to consumers. Oscilar's founding team includes industry veterans from Apple, Uber, and LinkedIn, emphasizing their capability to build a comprehensive fraud detection solution.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.79%
Tags
none
Rhea-AI Summary

Confluent, Inc. (NASDAQ: CFLT), a leader in data streaming, will present at two investor conferences in March 2023. The first presentation is scheduled for the Morgan Stanley Technology, Media & Telecom Conference on March 6, 2023, at 10:25 a.m. PT (1:25 p.m. ET). The second is the JMP Securities Technology Conference on March 7, 2023, at 10:30 a.m. PT (1:30 p.m. ET). Both presentations will be available via webcast on Confluent's investor relations website. Confluent's platform aims to enhance customer experiences by enabling real-time data streaming across organizations.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
Tags
conferences
-
Rhea-AI Summary

Confluent, Inc. (NASDAQ: CFLT) announced that Michelin leveraged Confluent Cloud to enhance its global inventory management system. The partnership resulted in a 35% reduction in operational costs and accelerated time to market by 8-9 months. Michelin transitioned from managing self-hosted Apache Kafka operations to a fully managed service, addressing scalability challenges and enhancing real-time data capabilities. Confluent's 99.99% SLA ensures high availability for Michelin’s critical data streams, allowing for greater efficiency and a high ROI on projects.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.49%
Tags
none
-
Rhea-AI Summary

Confluent, Inc. (NASDAQ:CFLT) has unveiled new capabilities in its Confluent Cloud that enhance data streaming security and efficiency. Key features include OAuth support for centralized identity management, Cloud Client Quotas for improved application performance, and enhanced Role-Based Access Controls (RBAC). These innovations enable organizations to manage costs while scaling their workloads effectively. With a shared services model, businesses can run multiple applications concurrently, significantly reducing infrastructure expenses. This release addresses the operational challenges businesses face in a tight market, reinforcing Confluent's commitment to providing cost-effective data solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
none
Rhea-AI Summary

Confluent, Inc. (CFLT) reported a strong Q4 2022, achieving $169 million in revenue, a 41% increase year over year. Fiscal year revenue reached $586 million, up 51%. Confluent Cloud revenue surged by 102% year over year, totaling $68 million for Q4 and $211 million for the fiscal year, reflecting a 124% increase. The company also noted an increase in remaining performance obligations to $741 million (+48%), and a healthy customer base of 991 clients contributing over $100,000 in ARR (+35%). Confluent aims to reach breakeven non-GAAP operating margin by the end of Q4 2023, forecasting 30% revenue growth for 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.3%
Tags
-
Rhea-AI Summary

Confluent, Inc. (NASDAQ: CFLT) will release its fourth quarter and fiscal year 2022 financial results after the U.S. market closes on January 30, 2023. Following the announcement, a live video webcast will be held at 1:30 p.m. PT / 4:30 p.m. ET during the company's sales kickoff conference in Las Vegas.

Investors can access the earnings press release and supplemental materials beforehand on Confluent's investor relations website. A replay will also be available shortly after the event.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.54%
Tags
-
Rhea-AI Summary

Confluent (NASDAQ:CFLT) has signed a definitive agreement to acquire Immerok, a key contributor to Apache Flink, enhancing its data streaming capabilities. This acquisition aims to launch a fully managed Flink service integrated with Confluent Cloud, providing users with advanced stream processing tools. Confluent's CEO, Jay Kreps, emphasized the significance of stream processing in delivering real-time insights. With Immerok’s expertise and established connections in the Flink community, this strategic move is expected to enrich Confluent’s offering and strengthen its competitive edge in the data streaming market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.48%
Tags
Rhea-AI Summary

Confluent, Inc. (CFLT) has appointed Shaun Clowes as the new Chief Product Officer (CPO). Clowes, previously at Mulesoft and Atlassian, brings over 20 years of experience in product leadership. His role will focus on spearheading product strategy and innovation, which is crucial as businesses increasingly rely on real-time data operations. CEO Jay Kreps emphasized that Clowes' expertise will be vital in enhancing Confluent's offerings as it aims to meet growing customer demands for real-time data streaming.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.07%
Tags
none

FAQ

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

The current stock price of Confluent (CFLT) is $30.61 as of November 21, 2024.

What is the market cap of Confluent (CFLT)?

The market cap of Confluent (CFLT) is approximately 10.0B.

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.

Confluent, Inc.

Nasdaq:CFLT

CFLT Rankings

CFLT Stock Data

10.01B
248.50M
3.52%
87.8%
5.28%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
MOUNTAIN VIEW