Why Confluent (CFLT) Stock Is Trading Up Today : vimarsana.c

Why Confluent (CFLT) Stock Is Trading Up Today

Shares of data infrastructure software company, Confluent (NASDAQ:CFLT) jumped 30.4% in the morning session after the company reported fourth-quarter results, which beat analysts' revenue expectations and turned free cash flow positive for the first time. Its full-year revenue guidance came in higher than Wall Street's estimates. While revenue guidance for next year suggests a slowdown in growth, that was mostly expected. Lastly, the company noted that the transition to a pure consumption-based

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