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Confluent (CFLT)

(Delayed Data from NSDQ)

$28.58 USD

28.58
1,337,900

-0.51 (-1.75%)

Updated Jul 3, 2024 01:00 PM ET

After-Market: $28.57 -0.01 (-0.03%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value D Growth F Momentum F VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 27% (67 out of 249)

Industry: Technology Services

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Balance Sheet

Research for CFLT

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Confluent, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 1,901 1,927 2,016 289 100
Receivables 230 178 137 106 65
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 121 93 73 33 18
Total Current Assets 2,252 2,198 2,226 428 183
Net Property & Equipment 54 29 14 7 3
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 76 68 51 33 18
Intangibles 55 0 0 0 0
Deposits & Other Assets 14 20 14 10 2
Total Assets 2,461 2,345 2,343 526 206
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 7 21 8 2 2
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 142 103 99 34 23
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 331 293 232 148 90
Total Current Liabilities 487 424 348 194 115
Mortgages 0 0 0 0 0
Deferred Taxes/Income 22 33 26 16 11
Convertible Debt 1,088 1,085 1,081 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 35 9 6 582 211
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,650 1,575 1,492 832 337
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 2,453 1,980 1,600 100 45
Retained Earnings -1,644 -1,201 -749 -406 -176
Other Equity 1 -9 -1 0 0
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 810 769 850 -306 -131
Total Liabilities & Shareholder's Equity 2,461 2,345 2,343 526 206
Total Common Equity 810 769 850 -306 -131
Shares Outstanding 311.50 289.30 271.80 NA NA
Book Value Per Share 2.60 2.66 3.13 0.00 0.00

Fiscal Year End for Confluent, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents 1,907 1,901 1,873 1,848 1,850
Receivables 200 230 183 189 170
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 119 121 112 103 96
Total Current Assets 2,226 2,252 2,168 2,140 2,115
Net Property & Equipment 62 54 48 44 35
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 74 76 69 68 67
Intangibles 55 55 46 46 46
Deposits & Other Assets 14 14 20 19 17
Total Assets 2,440 2,461 2,362 2,328 2,293
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable 0 0 0 0 0
Accounts Payable 2 7 2 2 10
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 97 142 125 113 88
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 331 331 301 301 296
Total Current Liabilities 439 487 435 423 401
Mortgages 0 0 0 0 0
Deferred Taxes/Income 17 22 23 27 29
Convertible Debt 1,089 1,088 1,087 1,086 1,085
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 36 7 8 9
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,594 1,650 1,573 1,566 1,548
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 2,585 2,453 2,349 2,229 2,103
Retained Earnings -1,737 -1,644 -1,550 -1,457 -1,354
Other Equity -2 1 -10 -10 -4
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 845 810 789 761 745
Total Liabilities & Shareholder's Equity 2,440 2,461 2,362 2,328 2,293
Total Common Equity 845 810 789 761 745
Shares Outstanding 317.20 311.50 307.80 302.40 296.10
Book Value Per Share 2.66 2.60 2.56 2.52 2.52