Added to YB: 2025-04-16
Pitch date: 2025-04-14
CFLT [neutral]
Confluent, Inc.
+40.22%
current return
Author Info
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Company Info
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 comprising Confluent Cloud, a managed cloud-native software-as-a-service (SaaS); and Confluent Platform, an enterprise-grade self-managed software.
Market Cap
$7.3B
Pitch Price
$21.43
Price Target
N/A
Dividend
N/A
EV/EBITDA
-17.64
P/E
-23.05
EV/Sales
5.72
Sector
Software
Category
growth
Confluent: Powering Real-Time Data Streaming at Scale
CFLT (deep dive): Data streaming & real-time analytics platform w/ $100B TAM. Strong economic moat from switching costs. Cloud revenue +38%, now 55% of subscription. Stock trading at 5.5x fwd EV/S, 60.9x P/E, 1.5x PEG - undervalued vs peers despite 23% rev growth. Concerns: RPO/billings lag, 41% SBC/rev, CAC payback 35.8mo.
Read full article (13 min)