Confluent Inc is a technology company that specializes in providing a platform for real-time data streaming, leveraging Apache Kafka to help organizations manage their data flows effectively
The company’s solutions enable businesses to process and analyze vast amounts of data in motion, allowing them to build applications that respond to events as they occur. By offering cloud-based services and on-premises solutions, Confluent empowers enterprises to integrate, manage, and make sense of their data, facilitating data-driven decision-making and enhancing operational efficiency across various industries.
Looking back on data infrastructure stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Confluent (NASDAQCFLT) and its peers.
Stocks trading between $10 and $50 can be particularly interesting as they frequently represent businesses that have survived their early challenges.
However, investors should remain vigilant as some may still have unproven business models, leaving them vulnerable to the ebbs and flows of the broader market.
Artificial intelligence (AI) software company C3.ai (NYSEAI)
will be reporting earnings tomorrow after market close. Here’s what investors should know.
Confluent's earnings performance, its strong guidance, and its exciting partnership with Databricks—with the potential to transform AI—make it a must-watch.
Elliott Investment Management made several portfolio moves in the fourth quarter, closing multiple options positions and shaking up the activist firm's technology exposure.
Shares of data infrastructure software company, Confluent (NASDAQCFLT)
jumped 22.6% in the afternoon session after the company delivered strong fourth-quarter results, with revenue and operating profit exceeding expectations. Subscription revenue, which makes up the bulk of sales, grew 24%, led by a 38% jump in Confluent Cloud revenue, a clear sign that customers are embracing its platform.
Looking ahead, Confluent's optimistic EPS guidance for next quarter significantly outpaced analysts' forecasts, and its full-year EPS guidance came in slightly above Wall Street estimates. On the other hand, the full-year sales outlook fell below consensus estimates by a narrow margin. Still, the quarter reinforced that Confluent is on track, supported by the momentum in the cloud segment.
Data infrastructure software company, Confluent (NASDAQCFLT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 22.5% year on year to $261.2 million. On the other hand, next quarter’s revenue guidance of $253.5 million was less impressive, coming in 3.7% below analysts’ estimates. Its non-GAAP profit of $0.09 per share was 57.7% above analysts’ consensus estimates.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
