Wells Fargo has initiated coverage on Confluent Inc (CFLT) with an Overweight rating, marking the firm's first assessment of the company. This decision reflects their analysis of Confluent's business, industry dynamics, and growth prospects.
Headquartered in Mountain View, California, Confluent specializes in creating a data infrastructure platform focused on data in motion. The company went public on June 24, 2021, and currently employs 3,060 full-time staff. With a market capitalization of $7.5 billion, Confluent is positioned in the technology sector, offering cloud-native solutions that support various deployment models across multi-cloud and hybrid infrastructures.
As for its financial performance, Confluent reported an earnings per share (EPS) of $0.13 in Q3 2025, surpassing estimates by 31.3%. The company is set to announce its next earnings on July 28, 2026, with an EPS estimate of $0.12 and projected revenue of $335.5 million.
Analyst ratings provide insights based on research and financial models, but they are not guarantees of future performance. Investors are encouraged to consider a range of factors, including company fundamentals and market conditions, when making decisions. Analyst opinions can evolve over time as new information emerges, and differing views may exist among analysts regarding the same company.