|Bid||33.25 x 1200|
|Ask||33.70 x 800|
|Day's Range||31.12 - 34.31|
|52 Week Range||16.48 - 94.97|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||43.13|
Subscribe to Yahoo Finance Plus to view Fair Value for CFLT
Investors drove Confluent (NASDAQ: CFLT) stock higher today after the data-streaming platform company reported second-quarter results that outpaced Wall Street's consensus estimates. The company's non-GAAP loss per share of $0.16 was also an improvement over a loss of $0.31 in the year-ago quarter and ahead of Wall Street's consensus estimate of a loss of $0.19. Other highlights from the quarter include Confluent's cloud revenue jumping 139% to $47 million and the number of customers with $100,000 or greater in annual recurring revenue increasing 39% to 857.
Confluent delivered another strong quarter, exceeding the high end of our guidance on all metrics. Key to this ability to serve mission-critical use cases and to help customers recognize the cost and agility advantages I described are the underlying capabilities that Confluent Cloud provides.
Confluent (CFLT) delivered earnings and revenue surprises of 15.79% and 6.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?