US20717M1036 - Common Stock
MongoDB stock and shares of fellow data software firm Elastic jumped after Snowflake reported strong results.
Confluent's sales are rising rapidly amid rapid adoption of the highly ranked software maker's cloud-based AI-driven platform.
Search software company Elastic (NYSE:ESTC) will be reporting results tomorrow after the bell. Here’s what investors should know.
Investors looking for a growth stock may be tempted to buy this company, but they shouldn't ignore one key factor.
On Thursday, Confluent stock received an upgrade to its Relative Strength (RS) Rating, to 78 from 70 a day ago.
Small-cap Confluent is no flash in the pan. It's been growing rapidly. Over the last year it reported EPS gains ranging from 156% to 500%.
Data streaming represents a big opportunity for investors, especially as artificial intelligence adoption grows.
Shares of data infrastructure software company, Confluent (NASDAQ:CFLT) jumped 21.4% in the morning session after the company reported impressive third-quarter results. Revenue and EPS exceeded Wall Street's estimates. Notably, Confluence cloud revenue grew 42% year on year. Looking ahead, CFLT provided an optimistic full-year EPS forecast, which blew past analysts' expectations. Its gross margin also improved. Zooming out, we think this was a strong quarter featuring some areas of strength.
CFLT earnings call for the period ending September 30, 2024.
Data infrastructure software company, Confluent (NASDAQ:CFLT) reported Q3 CY2024 results exceeding the market’s revenue expectations, with sales up 25% year on year to $250.2 million. Its non-GAAP profit of $0.10 per share was also 95.3% above analysts’ consensus estimates.
We think these two stocks can deliver massive returns for long-term investors.
These stocks are trading at attractive valuations relative to their history, especially in light of their opportunities in the artificial intelligence space.
Big trends, small market caps.
Confluent and Datadog deliver unique technologies to thousands of businesses. Now might be a great time to buy both stocks.
This data streaming specialist is growing at a robust pace and only scratching the surface of a huge end-market opportunity.
After last week's stock market meltdown, these three comeback stocks show the most significant promise for recovery.
Explore the key factors driving several prominent tech stocks into correction territory, from valuation concerns and slowing growth.