--- title: "Confluent (CFLT) Set to Announce Earnings on Wednesday" description: "Confluent (NASDAQ:CFLT) is set to announce its quarterly earnings on Wednesday, July 31. Analysts expect earnings of $0.05 per share for the quarter. The company's stock performance has fluctuated bet" type: "news" locale: "en" url: "https://longbridge.com/en/news/209686830.md" published_at: "2024-07-24T08:55:17.000Z" --- # Confluent (CFLT) Set to Announce Earnings on Wednesday > Confluent (NASDAQ:CFLT) is set to announce its quarterly earnings on Wednesday, July 31. Analysts expect earnings of $0.05 per share for the quarter. The company's stock performance has fluctuated between a 12-month low of $14.69 and a high of $38.19. Insiders have recently sold a significant amount of company stock. Several brokerages have provided ratings and price targets for Confluent, with an average rating of "Moderate Buy". Confluent (NASDAQ:CFLT - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Confluent to post earnings of $0.05 per share for the quarter. Confluent has set its Q2 guidance at $0.04-0.05 EPS and its FY24 guidance at $0.19-0.20 EPS.Individual that wish to register for the company's earnings conference call can do so using this link. - IPO watch 2024: Which new stocks will hit the market? Confluent (NASDAQ:CFLT - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.04). Confluent had a negative net margin of 46.73% and a negative return on equity of 40.55%. The business had revenue of $217.24 million during the quarter, compared to the consensus estimate of $211.57 million. On average, analysts expect Confluent to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year. ## Confluent Stock Performance Confluent stock opened at $25.38 on Wednesday. The stock has a market capitalization of $8.07 billion, a price-to-earnings ratio of -20.30 and a beta of 0.91. Confluent has a 12-month low of $14.69 and a 12-month high of $38.19. The company has a quick ratio of 5.07, a current ratio of 5.07 and a debt-to-equity ratio of 1.29. The stock has a 50-day simple moving average of $27.92 and a 200 day simple moving average of $28.48. ## Insider Transactions at Confluent - AI Sleeper-Play Confluent Is Ready To Rocket Higher In other news, CMO Stephanie Buscemi sold 3,794 shares of the company's stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $31.96, for a total transaction of $121,256.24. Following the sale, the chief marketing officer now owns 165,539 shares in the company, valued at approximately $5,290,626.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Ying Christina Liu sold 68,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $31.06, for a total value of $2,112,080.00. Following the sale, the chief accounting officer now owns 168,338 shares in the company, valued at approximately $5,228,578.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Stephanie Buscemi sold 3,794 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $31.96, for a total value of $121,256.24. Following the completion of the sale, the chief marketing officer now owns 165,539 shares in the company, valued at approximately $5,290,626.44. The disclosure for this sale can be found here. Insiders have sold a total of 632,725 shares of company stock worth $18,138,428 in the last 90 days. Corporate insiders own 13.82% of the company's stock. ## Wall Street Analyst Weigh In Several brokerages have weighed in on CFLT. Needham & Company LLC reissued a "buy" rating and set a $38.00 price objective on shares of Confluent in a report on Tuesday, June 11th. DA Davidson reiterated a "buy" rating and issued a $37.00 price objective on shares of Confluent in a research report on Monday, April 1st. Loop Capital decreased their price objective on Confluent from $30.00 to $25.00 and set a "hold" rating for the company in a research report on Friday, July 19th. Canaccord Genuity Group upgraded Confluent from a "hold" rating to a "buy" rating and boosted their price objective for the company from $28.00 to $35.00 in a research report on Wednesday, May 8th. Finally, Wells Fargo & Company boosted their price objective on Confluent from $36.00 to $38.00 and gave the company an "overweight" rating in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, Confluent has an average rating of "Moderate Buy" and a consensus target price of $32.93. - 3 Stocks Close to Record Highs to Buy Now **View Our Latest Report on CFLT** ## Confluent Company Profile (Get Free Report) Confluent, Inc operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software. ## Featured Stories - Five stocks we like better than Confluent - Dividend Screener: How to Evaluate Dividend Stocks Before Buying - ScottsMiracle-Gro Stock Blooms After Investor Day Optimism - Stock Market Upgrades: What Are They? - Leading Beverage Company's Stock Bubbles Higher: Rally Ahead - Using the MarketBeat Stock Split Calculator - Can This Meme Stock Stage One Last Rally? *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.* → 4 Steps to Survive the Coming Market Crash (From Behind the Markets) (Ad)## Should you invest $1,000 in Confluent right now? Before you consider Confluent, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Confluent wasn't on the list. While Confluent currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [CFLT.US - Confluent](https://longbridge.com/en/quote/CFLT.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Confluent｜8-K：2025 财年营收 11.67 亿美元超过预期 | | [Link](https://longbridge.com/en/news/275657466.md) | | 在经历了混合回报以及关于 IBM 收购的持续辩论后，Confluent (CFLT) 的估值检查 | Confluent (CFLT) 正吸引投资者的关注，尽管其股价表现参差不齐，过去三个月上涨了 34.86%，但过去一年却下跌了 12.31%。分析师略微下调了公允价值估计至 30.65 美元，暗示该股票被低估。然而，关于即将进行的 IBM | [Link](https://longbridge.com/en/news/276063872.md) | | Confluent 的股东已批准 IBM 的收购合并协议 | Confluent 股东已批准与 IBM 的合并协议，Confluent 将成为 IBM 的全资子公司。在 2026 年 2 月 12 日的特别会议上，687,954,937 票支持合并。该交易预计将在 2026 年中期完成，进一步增强 C | [Link](https://longbridge.com/en/news/275821044.md) | | Confluent 将在新宣布的交易中与 IBM 合并 | Confluent, Inc. 正在与 IBM 的一家子公司合并，成为 IBM 的全资子公司。这次合并引发了多封索赔信和两起来自股东的诉讼，声称代理声明中包含误导性信息。Confluent 坚称其披露的信息是准确的，但将补充代理声明以降低诉 | [Link](https://longbridge.com/en/news/274877906.md) | | 分析师对 Confluent 未来发展的预期 | 25 位分析师对 Confluent (NASDAQ:CFLT) 进行了评估，显示出混合的看涨和看跌情绪。12 个月的平均目标价为 28.76 美元，比之前的 25.71 美元上涨了 11.86%。主要分析师提高了他们的评级，多个公司的目标 | [Link](https://longbridge.com/en/news/272122422.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.