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Confluent: Deep Dive Into This Data In Motion Provider

Dec. 01, 2021 6:10 PM ETConfluent, Inc. (CFLT)8 Comments


  • CFLT is a recent tech IPO that has debuted with great fanfare.
  • "Data in motion" appears to be mission-critical infrastructure for today's data-driven economy.
  • CFLT generated 67% revenue growth in the latest quarter.
  • I examine the valuation and discuss if now is the best time to buy into the stock.
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Confluent (NASDAQ:CFLT) came public this year and quickly joined the ranks of high-flying tech stocks defined by explosive growth and an equally explosive stock price. Yet, do investors know what they are buying? In this article, I break

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This article was written by

Julian Lin profile picture

Julian Lin is a financial analyst. He finds undervalued companies with secular growth that appreciate over time. His approach is to look for companies with strong balance sheets and management teams in sectors with long growth runways.

Julian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the conventional margin of safety. Features include: exclusive access to Julian's highest conviction picks, full stock research reports, real-time trade alerts, macro market analysis, individual industry reports, a filtered watchlist, and community chat with access to Julian 24/7. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (8)

rt94103 profile picture
@Julian Lin "I’d be more interested in buying if CFLT traded around 25x 2021e revenues or lower, which would place the stock at $36"

So do you like it here under $20? I've been buying...
Didn't the lockup period expire on Nov. 8? You say Dec. 21. Am I off base?
Julian Lin profile picture
@RunDog There's a lot of dates thrown around, I think the "full" lockup expiration is in December.
@RunDog You are correct. Full lock-up expiration for all pre-IPO option holders ended on Nov 8.
epugmire profile picture
This product is absolutely all over the enterprise
Cambridge STR profile picture
This is a winner. I'll be buying more shares.
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