Confluent Shares Surge 29% Following Q4 Beat
Confluent Shares Surge 29% Following Q4 Beat

Confluent Shares Surge 29% Following Q4 Beat

Feb. 8, 2024, 3:23 p.m., readers: 19

Confluent's (NASDAQ:CFLT) shares experienced a significant surge, over 29% intra-day today, following the announcement of its fourth-quarter results, which exceeded expectations, along with a positive future outlook. The company reported an earnings per share (EPS) of $0.09, outperforming the predicted $0.05 by analysts. Its revenue for the quarter reached $213 million, surpassing the consensus forecast of $205.35 million. For the upcoming first quarter, Confluent anticipates its total revenue to fall between $211 million and $212 million, compared to the analysts' expectations of $211.2 million. However, the expected adjusted EPS is forecasted to be between 0 and 2 cents, below the consensus estimate of 2.3 cents. Looking further ahead into the full year, the company projects its total revenue to reach approximately $950 million, which is above the analysts' forecast of $936.1 million. Nonetheless, Confluent's anticipated adjusted EPS for the year is set at around 17 cents, marginally below the expected 18 cents.


C onfluent, Inc. operates a data streaming platform in the United States and internationally. It offers Confluent Cloud, a managed cloud-native service for connecting and processing data; and Confluent Platform, an enterprise-grade self-managed software that connects and processes data in real-time with the foundational platform for data in motion.

Price: 33.69
Market cap: 7.4 billion USD
Eps: -1.47
P/e ratio: -22.92
Terminal Research: CFLT