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confluent - CFLT

CFLT

Close Chg Chg %
28.57 2.04 7.14%

Pre-Market

30.61

+2.04 (7.14%)

Volume: 9.29M

Last Updated:

Nov 21, 2024, 4:00 PM EDT

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Company Overview: confluent - CFLT

CFLT Key Data

Open

$29.76

 Day Range

29.68 - 30.88

52 Week Range

17.79 - 35.07

 Market Cap

$9.37B

Shares Outstanding

328.00M

 Public Float

246.84M

Beta

0.82

 Rev. Per Employee

N/A

P/E Ratio

N/A

 EPS

-$1.11

Yield

0.00%

 Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

4.56M

  

CFLT Performance

1 Week
 
 13.08%
 
1 Month
 
 35.86%
 
3 Months
 
 43.31%
 
1 Year
 
 59.43%
 
5 Years
 
 N/A
 

CFLT Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 34
Full Ratings ➔

About confluent - CFLT

Confluent, Inc. engages in creating a data infrastructure platform focused on data in motion. The firm provides application architecture engagement, multi data center, security and upgrade engagement, and Amazon web services cloud deployment services. Its products include Confluent Cloud and Confluent Platform. The company was founded by Edward Jay Kreps, Neha Narkhede, and Jun Rao on September 1, 2014, and is headquartered in Mountain View, CA.

CFLT At a Glance

Confluent, Inc.
899 West Evelyn Avenue
Mountain View, California 94041
Phone 1-800-439-3207 Revenue 776.95M
Industry Packaged Software Net Income -442,746,000.00
Sector Technology Services 2023 Sales Growth 32.598%
Fiscal Year-end 12 / 2024 Employees 2,744
View SEC Filings

CFLT Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 9.057
Price to Book Ratio 8.995
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA -15.536
Enterprise Value to Sales 8.044
Total Debt to Enterprise Value 0.178

CFLT Efficiency

Revenue/Employee 283,145.773
Income Per Employee -161,350.583
Receivables Turnover 3.379
Total Asset Turnover 0.323

CFLT Liquidity

Current Ratio 4.533
Quick Ratio 4.533
Cash Ratio 3.903

CFLT Profitability

Gross Margin 70.407
Operating Margin -54.081
Pretax Margin -52.342
Net Margin -56.985
Return on Assets -18.426
Return on Equity -56.048
Return on Total Capital -23.012
Return on Invested Capital -23.332

CFLT Capital Structure

Total Debt to Total Equity 137.41
Total Debt to Total Capital 57.879
Total Debt to Total Assets 45.253
Long-Term Debt to Equity 136.437
Long-Term Debt to Total Capital 57.469
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Confluent - CFLT

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
236.58M 387.86M 585.94M 776.95M
Sales Growth
+57.92% +63.95% +51.07% +32.60%
Cost of Goods Sold (COGS) incl D&A
75.48M 137.29M 202.41M 229.92M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.57M 14.62M 16.23M 17.90M
Depreciation
- 14.62M 16.23M 17.90M
Amortization of Intangibles
- - - -
-
COGS Growth
+52.88% +81.90% +47.43% +13.59%
Gross Income
161.10M 250.57M 383.53M 547.03M
Gross Income Growth
+60.40% +55.54% +53.06% +42.63%
Gross Profit Margin
+68.10% +64.60% +65.45% +70.41%
2020 2021 2022 2023 5-year trend
SG&A Expense
394.28M 590.19M 845.10M 967.21M
Research & Development
105.40M 161.93M 264.04M 329.87M
Other SG&A
288.88M 428.27M 581.06M 637.34M
SGA Growth
+98.58% +49.69% +43.19% +14.45%
Other Operating Expense
- - - -
-
Unusual Expense
- - 1.10M 60.00M
-
EBIT after Unusual Expense
(233.18M) (339.62M) (462.67M) (480.18M)
Non Operating Income/Expense
3.14M (7.00K) 16.42M 77.31M
Non-Operating Interest Income
- - 4.11M 2.02M
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - - 3.80M
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - - 3.80M
-
Interest Capitalized
- - - -
-
Pretax Income
(230.03M) (339.63M) (446.26M) (406.67M)
Pretax Income Growth
-142.02% -47.64% -31.40% +8.87%
Pretax Margin
-97.23% -87.56% -76.16% -52.34%
Income Tax
(207.00K) 3.17M 6.29M 36.07M
Income Tax - Current - Domestic
87.00K 251.00K 337.00K 371.00K
Income Tax - Current - Foreign
1.04M 1.59M 6.19M 33.81M
Income Tax - Deferred - Domestic
- - - 3.00K
-
Income Tax - Deferred - Foreign
(1.33M) 1.33M (237.00K) 1.89M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
(229.83M) (342.80M) (452.55M) (442.75M)
Minority Interest Expense
- - - -
-
Net Income
(229.83M) (342.80M) (452.55M) (442.75M)
Net Income Growth
-141.82% -49.16% -32.02% +2.17%
Net Margin Growth
-97.15% -88.38% -77.23% -56.98%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
(229.83M) (342.80M) (452.55M) (442.75M)
Preferred Dividends
- - - -
-
Net Income Available to Common
(229.83M) (342.80M) (452.55M) (442.75M)
EPS (Basic)
-0.9107 -1.2612 -1.6158 -1.4722
EPS (Basic) Growth
-141.82% -38.49% -28.12% +8.89%
Basic Shares Outstanding
252.37M 271.80M 280.08M 300.73M
EPS (Diluted)
-0.9107 -1.2612 -1.6158 -1.4722
EPS (Diluted) Growth
-141.82% -38.49% -28.12% +8.89%
Diluted Shares Outstanding
252.37M 271.80M 280.08M 300.73M
EBITDA
(231.61M) (325.00M) (445.35M) (402.28M)
EBITDA Growth
-139.00% -40.32% -37.03% +9.67%
EBITDA Margin
-97.90% -83.79% -76.00% -51.78%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 31.633
Number of Ratings 34 Current Quarters Estimate 0.057
FY Report Date 12 / 2024 Current Year's Estimate 0.259
Last Quarter’s Earnings 0.10 Median PE on CY Estimate N/A
Year Ago Earnings 0.04 Next Fiscal Year Estimate 0.346
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 31 27 31 31
Mean Estimate 0.06 0.06 0.26 0.35
High Estimates 0.12 0.09 0.32 0.49
Low Estimate 0.05 0.04 0.24 0.27
Coefficient of Variance 24.77 22.77 5.72 14.97

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 22 22 21
OVERWEIGHT 4 4 4
HOLD 7 7 6
UNDERWEIGHT 1 1 1
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Confluent - CFLT

Date Name Shares Transaction Value
Aug 23, 2024 Stephanie Buscemi CHIEF MARKETING OFFICER 161,673 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $21.68 per share 3,505,070.64
Aug 23, 2024 Rohan Sivaram CHIEF FINANCIAL OFFICER 555,337 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $21.68 per share 12,039,706.16
Aug 23, 2024 Chad Verbowski CHIEF TECHNOLOGY OFFICER 496,807 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $21.68 per share 10,770,775.76
Aug 23, 2024 Erica Ruliffson Schultz PRESIDENT, FIELD OPERATIONS 687,483 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $21.68 per share 14,904,631.44
Jun 25, 2024 Rohan Sivaram CHIEF FINANCIAL OFFICER 578,263 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $26.64 per share 15,404,926.32
Jun 25, 2024 Chad Verbowski CHIEF TECHNOLOGY OFFICER 510,347 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $26.76 per share 13,656,885.72
Jun 11, 2024 Erica Ruliffson Schultz PRESIDENT, FIELD OPERATIONS 697,039 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $26.01 per share 18,129,984.39
Jun 6, 2024 Lara Caimi Director 200 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $25.85 per share 5,170.00
Jun 6, 2024 Lara Caimi Director N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $26.56 per share 0.00
May 24, 2024 Eric Howes Vishria Director 1,371,068 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.41 per share 43,065,245.88
May 23, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 161,077 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.96 per share 5,148,020.92
May 13, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 168,338 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $31.06 per share 5,228,578.28
May 13, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 172,338 Conversion of derivative security 0.00
May 13, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 332,000 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 13, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 328,000 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 13, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 168,703 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $29.88 per share 5,040,845.64
May 13, 2024 Ying Liu CHIEF ACCOUNTING OFFICER 168,338 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $30.87 per share 5,196,594.06
Mar 18, 2024 Erica Ruliffson Schultz PRESIDENT, FIELD OPERATIONS 1,727,217 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Mar 18, 2024 Erica Ruliffson Schultz PRESIDENT, FIELD OPERATIONS 706,715 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 18, 2024 Erica Ruliffson Schultz PRESIDENT, FIELD OPERATIONS 480,471 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $34.06 per share 16,364,842.26

Confluent in the News