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CFLT - Confluent Stock: A Lot Of Optimism Already Priced In
December, 13 2021 08:52 AM
Confluent Inc.
Confluent has accelerated its revenue growth rates over the past 4 quarters, while its guidance for Q4 looks enticing also. However, Confluent remains meaningfully non-GAAP unprofitable, with no clear line of vision towards positive profitability. Investors are asked to pay 31x forward sales, which I believe is too rich to attract new investors to this stock. For further details see:
Confluent Stock: A Lot Of Optimism Already Priced In
Stock Information
Company Name:
Confluent Inc.
Stock Symbol:
CFLT
Market:
NASDAQ
Website:
confluent.io
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