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An Annual Checkup for Confluent Stock

February 10. 2023. 6 mins read

Checking in with stocks once a year eliminates lots of the noise found in quarterly results. It’s also long enough so that you only remember the most basic reasons why you made the investment in the first place. We invested in Confluent (CFLT) because the future of big data will be firms analyzing it in real time for insights and better decision-making. Time is money. Long gone are the days of multi-day extract-transform-load processes feeding a data warehouse which then gets queried by data analysts who receive requests from business decision-makers. Nowadays, data exhaust informs processes at the speed of business.

IDC predicts that by 2025, event streaming technologies will be used by 90% of the Global 1000 to deliver real-time intelligence to improve outcomes such as customer experience.

Credit: Confluent

Just over a year ago, we wrote about Confluent Stock: A Metaverse Big Data Play and bemoaned the rich simple valuation ratio of 43. Today, that’s dropped to 10, which is still above our catalog average of six, but more in line with other high-growth SaaS firms.

Snowflake Inc22
MongoDB11
CrowdStrike11
Confluent10
Samsara10
UiPath8
Palantir8
Okta6
C35
Alteryx5
DocuSign5

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