Confluent, Inc. - CFLT STOCK NEWS

Confluent, Inc. (NASDAQ: CFLT) has announced a private placement offering of $1 billion in Convertible Senior Notes due 2027, subject to market conditions. The offering aims to qualify institutional buyers and includes a possible $100 million additional Notes purchase option. Proceeds will fund capped call transactions, working capital, and potential acquisitions, though no commitments currently exist. The Notes will be unsecured and convertible into cash or shares, with specific terms to be determined. This move may affect Confluent's stock market performance and dilution potential.

Confluent, Inc. (NASDAQ: CFLT) has announced its participation in two upcoming investor conferences. The Credit Suisse 25th Annual Technology Conference will take place on November 30, 2021, at 8:55 a.m. MT (10:55 a.m. ET). The Wells Fargo 5th Annual Virtual TMT Summit is scheduled for December 1, 2021, at 8:20 a.m. PT (11:20 a.m. ET). These appearances will be available via live webcast and replay on Confluent’s investor relations website, enhancing accessibility for stakeholders.

Confluent, Inc. (NASDAQ: CFLT) has launched Cluster Linking as part of Confluent Platform 7.0, enhancing data connectivity across hybrid and multicloud environments. This feature enables organizations to stream data securely and reliably, overcoming challenges posed by siloed data systems. With a growing number of enterprises adopting hybrid infrastructures, which Ventana Research estimates to reach 75% by 2023, Cluster Linking addresses real-time data syncing issues that traditionally slow down operations. Cloud-native management capabilities and cost-efficient monitoring solutions are also introduced.

Confluent reported Q3 2021 total revenue of $103 million, marking a 67% increase year-over-year. Confluent Cloud revenue surged 245% year-over-year, reaching $27 million. Remaining performance obligations reached $385 million, up 75% year-over-year, with 664 customers generating $100,000 or more in annual recurring revenue, a 48% increase. Despite the positive growth, the company reported a GAAP operating loss of $94.8 million and a GAAP net loss per share of $(0.37). The outlook for Q4 anticipates revenue between $108-$110 million.

Confluent, Inc. (NASDAQ: CFLT) will announce its third-quarter financial results on November 4, 2021, after U.S. market close. A live video webcast is scheduled for 1:30 p.m. PT / 4:30 p.m. ET to discuss the results. The webcast can be accessed via investors.confluent.io. Additionally, the lock-up agreements for directors and officers from Confluent's IPO will terminate on November 8, 2021, potentially impacting stock liquidity.

Confluent, Inc. (NASDAQ: CFLT) has launched Stream Governance, the first governance suite for streaming data, enhancing data accessibility across organizations. This fully managed cloud solution allows distributed teams to utilize real-time data securely, driving the creation of innovative applications.

Key features include a Stream Catalog for easy data discovery, Stream Lineage for understanding data relationships, and Stream Quality to ensure reliable data streams. These capabilities facilitate the safe expansion of data use, aligning with evolving business needs.

Confluent, Inc. (NASDAQ: CFLT), a leader in data infrastructure, will present virtually at two upcoming investor conferences. The Citi Global Technology Virtual Conference is scheduled for September 13, 2021, at 7:30 a.m. PT. The Piper Sandler Global Technology Virtual Conference will follow on September 14, 2021, at 1:00 p.m. PT. Both presentations will be webcasted live, and replays will be available later on Confluent’s investor relations website. Confluent specializes in real-time data streaming, enhancing customer experiences and backend operations.

Confluent has launched its Q3 2021 Release, enhancing its cloud-native platform for real-time data movement. Key features include Cluster Linking for seamless data migration and disaster recovery, ksqlDB pull queries for simplified stream processing, and new fully managed connectors for Salesforce and Azure. These additions aim to modernize data infrastructure, enabling organizations to leverage real-time data for improved customer experiences and operational efficiency. The release addresses the increasing demand for instant data access in rapidly evolving digital environments.

Confluent (NASDAQ: CFLT) has announced its upcoming presentation at the KeyBanc Technology Leadership Forum on August 10, 2021, at 10:20 a.m. PT / 1:20 p.m. ET. A live webcast and replay of the presentation will be accessible via their investor relations website.

Confluent focuses on data infrastructure, offering a cloud-native platform for real-time data streaming. Their innovative solutions enable organizations to enhance customer experiences and transition to advanced, software-driven operations.