Summary Confluent is a leader in providing commercial grade solutions based on the Kafka open source project.Basically Kafka is a foundation technology for what is called stream processing.It is stream processing that allows for the development of digital transformation applications that allow for positive user experiences.Confluent is not immune to macro headwinds, and its forecast…
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Summary Confluent is a recent new issue whose IPO took place on June 24, 2021 at a price of $36/share. The shares have been typically volatile as a new issue, already reaching a high of $58/share before most recently settling back to the mid-$40 range. Confluent offers a far more user-friendly version of the wildly…