how to buy confluent stock

How to buy shares in Confluent

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• Research the stock. Find the stock by name or ticker symbol – CFLT – and research it before deciding if it's a good...

Full Answer

Should you buy or sell confluent stock?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Confluent in the last twelve months. There are currently 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Confluent stock.

How much is a share of confluent worth?

One share of CFLT stock can currently be purchased for approximately $65.00. How much money does Confluent make? Confluent has a market capitalization of $17.19 billion and generates $236.58 million in revenue each year. How many employees does Confluent have? Confluent employs 1,473 workers across the globe.

Why is confluent Corporation stock falling?

Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Despite solid Q1 results, Confluent is falling as investors sell out of growth-dependent software stocks.

Should investors be concerned about confluent technologies?

However, there are some concerns that investors should be aware of. Confluent's business depends on a software infrastructure that's free for anyone to use, which could result in competition.

When can you buy Confluent stock?

Confluent completed its Initial Public Offering on June 24, 2021.

Is confluent public?

(NASDAQ: CFLT), the platform for data in motion, today announced the closing of its initial public offering of 23,000,000 shares of Class A common stock at a price to the public of $36.00 per share. Confluent's Class A common stock is listed on the Nasdaq Global Select Market under the ticker symbol “CFLT”.

Is confluent profitable?

Some analysts argue that over the long term, Confluent might not be as profitable as it looks. For instance, since 2014, Confluent has experienced losses. The company lost $95 million in 2019 and $229 million in 2020. Recently, Confluent showed a $44.5-million quarterly loss on a $77-million revenue.

Is confluent overvalued?

PB vs Industry: CFLT is overvalued based on its Price-To-Book Ratio (7x) compared to the US Software industry average (3.8x).

How do I get Confluent IPO?

Confluent stock was rising Thursday in trading on the Nasdaq after an IPO that valued the company at $9.1 billion....How to buy shares in ConfluentCompare share trading platforms. ... Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later.More items...

Is Confluent good stock to buy?

Confluent Inc's trailing 12-month revenue is $387.9 million with a -67.1% profit margin. Year-over-year quarterly sales growth most recently was 70.6%. Analysts expect adjusted earnings to reach $-0.750 per share for the current fiscal year.

Is Confluent growing?

“Our accelerating growth throughout the year, highlighted by a 200% increase in full year 2021 Confluent Cloud revenue at large scale, shows that Confluent has emerged as the leader of this large and growing market as organizations build toward a central nervous system for their data.”

How many customers does Confluent have?

Confluent has 1721 total employees and 318 sales reps that carry a quota. Confluent has 0 customers. Confluent has an annual churn rate of 0.00%. Confluent offers a streaming platform based on Apache Kafka that enables companies to easily access data as real-time streams.

How does Confluent make money?

Confluent is an American tech company providing real-time data access to help businesses better manage their operations. Confluent makes money by selling Confluent Cloud, a fully-managed cloud-native service for Apache Kafka. Prices ultimately depend on the size of the business and its resource-based needs.

Should I buy CFLT stock?

Out of 16 analysts, 4 (25%) are recommending CFLT as a Strong Buy, 4 (25%) are recommending CFLT as a Buy, 8 (50%) are recommending CFLT as a Hold, 0 (0%) are recommending CFLT as a Sell, and 0 (0%) are recommending CFLT as a Strong Sell.

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Is CLFT a buy?

Confluent has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and no sell ratings.

How to buy Confluent Inc stock on Stash

1. Enter the amount you'd like to invest in Confluent Inc stock, then proceed to checkout.

Invest in Confluent Inc on Stash

Confluent, Inc is engaged in designing data infrastructure to connect the applications, systems, and data layers around a real-time central nervous system. The Company is focused on data in motion for developers and enterprises.

What is Confluent?

Founded in 2014, Confluent ( CFLT) is a big data, data-as-a-service company. The founding specialty is “data in motion”. This simply means data that’s traveling between two places, such as from phone to laptop, laptop to server, or phone to data repository, etc.

What About Confluent Earnings Since the IPO Debut?

This data in motion company has started its trading life on a high note, with strong results for Q2.

Is Confluent ( CFLT) Stock A Buy?

Some analysts argue that over the long term, Confluent might not be as profitable as it looks. For instance, since 2014, Confluent has experienced losses. The company lost $95 million in 2019 and $229 million in 2020.

What companies does Confluent compete with?

The company competes and partners with big names such as Amazon ( NASDAQ:AMZN), Microsoft, and Alphabet 's ( NASDAQ:GOOG) ( NASDAQ:GOOGL) Google. Several legacy products from vendors such as Cloudera ( NYSE:CLDR), IBM 's ( NYSE:IBM) Red Hat, and Oracle ( NYSE:ORCL) have also pivoted into Confluent's space. Even smaller companies such as MongoDB ( NASDAQ:MDB), Elastic ( NYSE:ESTC), and Databricks, which may go public in 2021, should be mentioned. Without question, competition is fierce in this arena.

How much is the TAM of Confluent?

That said, the total addressable market (TAM) for Confluent is over $50 billion. The compounded annual growth rate (CAGR) is expected to grow at 22% through 2024, which would increase the TAM to over $90 billion. Here are the components that make up Confluent's core competencies and TAM:

Is Open Source still profitable?

The company's revenue climbed to $236.8 million last year, which was a 58% increase. However, the company is still not profitable, and it recorded a net loss of nearly $230 million last year.

Is Eric the Motley Fool a member of the Motley Fool?

The Motley Fool has a disclosure policy . Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

What is Confluent backed by?

Founded in 2014, Confluent offers a real-time data streaming platform. The company is backed by Benchmark Capital, Index Ventures, and Sequoia Capital.

What software does Confluent use?

The company uses Apache Kafka, which is used by 70 percent of Fortune 500 companies. Confluent’s services are offered through Confluent Cloud or Confluent Platform software. The company is cashing in on the rise in demand for real-time streaming software as businesses move online amid the COVID-19 pandemic.

What is the CFLT symbol?

Confluent stock will trade under the ticker symbol “CFLT”. The stock will be listed on the Nasdaq. The company is offering IPO shares at $29–$33.

How much is Confluent losing in 2020?

Confluent has incurred net losses each year since its inception. The company posted a net loss of $229.8 million in 2020, compared with $95.0 million in 2019. As of Mar. 31, 2021, the company had $274.4 million in total liabilities and $44.1 million in cash and cash equivalents.

How many customers have ARR of $100,000?

Nearly 560 customers have ARR (annual recurring revenue) of $100,000 or more, and 60 have ARR of $1 million or more. However, Confluent's high valuation and net losses are some good reasons for investors to stay away for now.

Signals & Forecast

There are few to no technical positive signals at the moment. The Confluent, Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Is Confluent, Inc. stock A Buy?

Confluent, Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Insiders are very negative selling more shares than they are buying in Confluent, Inc

In the last 100 trades there were 1.05 million shares bought and 3.31 million shares sold. The last trade was done 7 days ago by Narkhede Neha who sold 27.4 thousand shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star. This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Top Fintech Company

featured in The Global Fintech Index 2020 as the top Fintech company of the country.

What is the official website of Confluent?

The official website for Confluent is www.confluent.io.

What is Confluent Cloud?

The company offers Apache Kafka, a community distributed event streaming platform. Its products also include Confluent Cloud, a managed cloud-native service for Apache Kafka to connect and process data of user companies; Confluent platform, a self-managed platform to connect, process, and react to data in real-time for streaming data from across the organization for customer experiences and data-driven operations; ksqlDB that enables users to build real-time applications; and Confluent hub. The company's solutions also include insurance, automotive, technology, fraud detection, customer 360, messaging modernization, streaming ETL, event-driven microservices, mainframe offload, SIEM optimization, bridge to cloud, and internet of things. It also provides professional services and tools for Confluent customers to help in streaming platform adoption; and training and certification programs for Confluent education. The company serves financial services, gaming, government, manufacturing, media and entertainment, and retail and eCommerce industries. It has a strategic alliance with Microsoft. The company was formerly known as Infinitem, Inc. and changed its name to Confluent, Inc. in September 2014. Confluent, Inc. was incorporated in 2014 and is headquartered in Mountain View, California.

What is the CFLT symbol?

Confluent trades on the NASDAQ under the ticker symbol "CFLT."

What is the P/B ratio of Confluent?

Confluent has a P/B Ratio of 22.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

What is the consensus rating for Confluent?

Confluent has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings.

When does Confluent's quiet period end?

Confluent's quiet period expires on Tuesday, August 3rd. Confluent had issued 23,000,000 shares in its public offering on June 24th. The total size of the offering was $828,000,000 based on an initial share price of $36.00.

Does Confluent pay dividends?

Confluent does not currently pay a dividend.

NASDAQ: CFLT

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Confluent has risen a lot since its initial public offering, but this stock has plenty of growth left

The initial public offering (IPO) class of 2021 had a rough start to their public lives. Many of the 980 or so IPOs launched in 2021 fell lower than their initial public price over the first few months of trading as a stock.

Setting data in motion

Much of the data that businesses gather ends up going straight to a data warehouse for storage and eventual analysis. With the increasing amount of data being collected, many of these businesses find they can't analyze the data at the time they obtain it, even though they would benefit from having real-time insights it might provide.

A large opportunity

Confluent's service is incredibly valuable to its customers. Considering that Kafka is mission-critical for many enterprises, yet it is only being used in a small segment of the business, Confluent has a very successful land and expand strategy.

A risky investment

As its market opportunity grows, Confluent wants to be the first service to come to mind, which is why it is currently spending heavily on sales and marketing. Over the first three quarters of 2021, Confluent spent $219 million on these expenses, representing 81% of revenue.

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NASDAQ: CFLT

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Confluent's dip has created a buying opportunity, but you should probably take a measured approach toward the stock

Data and how businesses manage it have become a hot investing theme, and data processing platform Confluent ( CFLT -10.13% ) has been in high demand with investors since the stock went public last year.

NASDAQ: CFLT

Investors probably wonder whether the stock is attractive after falling or if there's more pain ahead. Unfortunately, these are the wrong questions because nobody knows what stocks will do in the near term.

Data in motion

The co-founders of Confluent pioneered an idea it calls "data in motion." Businesses increasingly rely on software to operate, creating more essential data. That's why Seagate estimated that the world's data is on pace to multiply in volume tenfold between 2017 and 2025.

Is it worth the hype?

The stock got a lot of positive reception from investors, trading at a price-to-sales (P/S) ratio of more than 50 at one point, making it among the most expensive stocks on the market.

How to buy the dip

It can be risky buying a stock sporting a P/S ratio above 50 because it creates a very high bar for the company. If the business stumbles in any way, investors can quickly change their sentiment. That seems to have happened to Confluent stock, which fell more than 20% in the past week.

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