CFLT - Confluent Stock's Decline Is a Dip Worth Buying
Data and how businesses manage it have become a hot investing theme, and data processing platform Confluent (NASDAQ: CFLT) has been in high demand with investors since the stock went public last year. After trading as one of the most expensive stocks on the market, shares have fallen off a bit since the company reported its earnings to close out fiscal 2021.
Investors probably wonder whether the stock is attractive after falling or if there's more pain ahead. Unfortunately, these are the wrong questions because nobody knows what stocks will do in the near term. These are the right questions: Is Confluent executing on its business, and does the potential growth of the company leave room for the stock to increase over time? Here's what you need to know.
The co-founders of Confluent pioneered an idea it calls "data in motion." Businesses increasingly rely on software to operate, creating more essential data. That's why Seagate estimated that the world's data is on pace to multiply in volume tenfold between 2017 and 2025. Data helps companies make better decisions, create better customer experiences, and protect against fraud.
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Confluent Stock's Decline Is a Dip Worth Buying