Confluent, Inc. (CFLT) Tops Q3 EPS by 2c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/18/2026

1. SPY
2. FLNC
3. CRM
4. GNRC
5. CRWV
6. NVDA
7. USO
8. LMT
9. TLT
10. AMZN

Go back to Confluent, Inc. (CFLT) Tops Q3 EPS by 2c

Wall Street analysts eye this software stock after 40% sell-off

November 3, 2023 2:24 PM EDT

After a significant sell-off following a recent earnings release, analysts at Guggenheim and Wolfe Research now see an opportunity in one software company.

Confluent, Inc. (NASDAQ: CFLT) shares fell from around $28 per share on Wednesday to as low as $14.69 on Thursday following its earnings release. The company reported better-than-expected earnings and revenue, but its guidance disappointed.

However, the plunge has prompted analysts at two firms to upgrade the stock.

At Wolfe Research,... More