Confluent, Inc. Stock Price, News & Analysis

Confluent, Inc. (NASDAQ: CFLT) will release its fourth quarter and fiscal year 2022 financial results after the U.S. market closes on January 30, 2023. Following the announcement, a live video webcast will be held at 1:30 p.m. PT / 4:30 p.m. ET during the company's sales kickoff conference in Las Vegas.

Investors can access the earnings press release and supplemental materials beforehand on Confluent's investor relations website. A replay will also be available shortly after the event.

Confluent (NASDAQ:CFLT) has signed a definitive agreement to acquire Immerok, a key contributor to Apache Flink, enhancing its data streaming capabilities. This acquisition aims to launch a fully managed Flink service integrated with Confluent Cloud, providing users with advanced stream processing tools. Confluent's CEO, Jay Kreps, emphasized the significance of stream processing in delivering real-time insights. With Immerok’s expertise and established connections in the Flink community, this strategic move is expected to enrich Confluent’s offering and strengthen its competitive edge in the data streaming market.

Confluent, Inc. (CFLT) has appointed Shaun Clowes as the new Chief Product Officer (CPO). Clowes, previously at Mulesoft and Atlassian, brings over 20 years of experience in product leadership. His role will focus on spearheading product strategy and innovation, which is crucial as businesses increasingly rely on real-time data operations. CEO Jay Kreps emphasized that Clowes' expertise will be vital in enhancing Confluent's offerings as it aims to meet growing customer demands for real-time data streaming.

Confluent, Inc. (NASDAQ:CFLT) announces the appointment of Rey Perez as Chief Customer Officer (CCO). Rey will spearhead customer success, sales engineering, and support teams, emphasizing the growing importance of data streaming in modern businesses. He brings 25+ years of experience from New Relic and other tech firms, having successfully led transformations to consumption-based models. Confluent aims to enhance customer value with this leadership change, reinforcing its commitment to customer-centric strategies in a competitive marketplace.

Confluent, Inc. reported Q3 2022 total revenue of $152 million, marking a 48% year-over-year increase. Notably, Confluent Cloud revenue surged by 112% to $57 million. Remaining performance obligations reached $664 million, up 72%. The company's customer base expanded with 921 customers generating over $100,000 in ARR, up 39%. Despite significant growth, GAAP operating loss widened to $(118.9 million).

For Q4 2022, Confluent expects revenue between $161-$163 million and a non-GAAP net loss per share of $(0.16)-$(0.14).

Confluent, Inc. (NASDAQ: CFLT) will release its third quarter financial results on November 02, 2022, after market close. A live video webcast will be held to discuss these results at 1:30 p.m. PT / 4:30 p.m. ET. Interested parties can view the webcast at investors.confluent.io. Confluent is recognized as a leader in data streaming, providing a cloud-native platform that enables real-time data management for organizations.

Confluent, Inc. (NASDAQ: CFLT) has launched Stream Governance Advanced, enhancing its governance suite for data streaming. Key features include point-in-time lineage insights for troubleshooting, business metadata for improved data discovery, and a globally available Schema Registry to ensure data quality and compliance. The Q4 '22 launch also introduces Private Service Connect for Google Cloud, ensuring secure connections between virtual networks. These advancements aim to support organizations in leveraging real-time data for critical applications.

Confluent, Inc. (NASDAQ: CFLT) has launched Stream Designer, a visual interface for building and deploying streaming data pipelines on Apache Kafka, enhancing accessibility for developers. This tool aims to democratize data streaming, allowing more teams to implement real-time data solutions efficiently. Stream Designer enables rapid development, collaboration, and management of pipelines, addressing the growing demand for instant data processing. This advancement is pivotal for organizations aiming to innovate and remain competitive in a data-driven environment.

Confluent (NASDAQ: CFLT) announced it will host an investor session on October 4, 2022 during the Kafka Summit in Austin, Texas. The session will start at 2:00 p.m. CT and will be accessible via webcast on Confluent's investor relations website. Management will discuss the company's vision, strategy, market opportunities, product differentiation, and customer growth, but no financial updates will be provided. Investors interested in attending in person should contact Confluent investor relations for registration details.