Confluent jumps on Q4 rev, profit beat

Confluent

12/02/2025 10:07

** Confluent  CFLT.O  soars ~15% to $34.59 premarket
    ** Live-streaming software posts Q4 rev of $261.2 mln,
beating analysts' $256.9 mln estimate, per data compiled by LSEG
    ** Q4 adj. profit of 9 cents/shr above expected 6 cents/shr
    ** Forecasts for Q1 and FY25 broadly in-line with estimates
    ** At least three brokerages raise PT after results
    ** D.A. Davidson says increasing adoption of co's data
streaming platform, as highlighted by management, can drive
stabilization in cloud unit growth
    ** Stock rated "buy" on avg; median PT is $36 - LSEG
    ** CFLT gained ~20% in 2024, up 7.6% YTD

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com;))