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Why Confluent Stock Plummeted 44% Today

The market is thrashing the data software provider for its light forward revenue outlook. Here's what investors need to know.

Confluent, Inc (NASDAQ:CFLT) Q3 2023 Earnings Call Transcript

Shane Xie: Hi, everyone. Welcome to the Confluent Q3 2023 Earnings Conference Call. I m Shane Xie from Investor Relations, and I m joined by Jay Kreps, Co-Founder and CEO; and Rohan Sivaram, CFO.

Why Confluent Stock Plummeted 44% Today

The market is thrashing the data software provider for its light forward revenue outlook. Here's what investors need to know.

Confluent (NASDAQ:CFLT) Trading Up 3%

Confluent, Inc. (NASDAQ:CFLT – Get Free Report) was up 3% during mid-day trading on Thursday . The stock traded as high as $30.73 and last traded at $30.58. Approximately 508,084 shares were traded during trading, a decline of 87% from the average daily volume of 3,888,448 shares. The stock had previously closed at $29.70. Analysts […]

Confluent, Inc (NASDAQ:CFLT) Receives $36 90 Consensus Target Price from Analysts

Shares of Confluent, Inc. (NASDAQ:CFLT – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price target […]

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