• Education
    • Higher Education
    • Scholarships & Grants
    • Online Learning
    • School Reforms
    • Research & Innovation
  • Lifestyle
    • Travel
    • Food & Drink
    • Fashion & Beauty
    • Home & Living
    • Relationships & Family
  • Technology & Startups
    • Software & Apps
    • Startup Success Stories
    • Startups & Innovations
    • Tech Regulations
    • Venture Capital
    • Artificial Intelligence
    • Cybersecurity
    • Emerging Technologies
    • Gadgets & Devices
    • Industry Analysis
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy
Today Headline
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
  • Home
  • World News
    • Us & Canada
    • Europe
    • Asia
    • Africa
    • Middle East
  • Politics
    • Elections
    • Political Parties
    • Government Policies
    • International Relations
    • Legislative News
  • Business & Finance
    • Market Trends
    • Stock Market
    • Entrepreneurship
    • Corporate News
    • Economic Policies
  • Science & Environment
    • Space Exploration
    • Climate Change
    • Wildlife & Conservation
    • Environmental Policies
    • Medical Research
  • Health
    • Public Health
    • Mental Health
    • Medical Breakthroughs
    • Fitness & Nutrition
    • Pandemic Updates
  • Sports
    • Football
    • Basketball
    • Tennis
    • Olympics
    • Motorsport
  • Entertainment
    • Movies
    • Music
    • TV & Streaming
    • Celebrity News
    • Awards & Festivals
  • Crime & Justice
    • Court Cases
    • Cybercrime
    • Policing
    • Criminal Investigations
    • Legal Reforms
No Result
View All Result
Today Headline
No Result
View All Result
Home Business & Finance

Why Confluent Stock Was Tumbling This Week todayheadline

May 2, 2025
in Business & Finance
Reading Time: 2 mins read
A A
0
7
SHARES
16
VIEWS
Share on FacebookShare on Twitter


One of the more beaten-down tech stocks over the past month or so has been data streaming specialist Confluent (CFLT -18.63%).

That trend continued in the past few days, as according to data compiled by S&P Global Market Intelligence, its share price had shed more than 19% week to date as of late Thursday evening. A pile of analyst price target cuts following an earnings report did the stock no favors.

The first quarter was a flop, at least to investors

Often, even when a shunned stock has decent news to report it can be vulnerable to a sell-off. That’s what happened Thursday when the market reacted to Confluent’s first-quarter earnings report.

The company posted double-digit percentage gains in both revenue and non-GAAP (adjusted) net income, with both figures topping the average analyst expectations. Yet that clearly wasn’t good enough for investors, who aggressively traded out of the stock and left it with a steep loss on the day.

The problem wasn’t necessarily trailing results; it was guidance. Management’s outlook for the entirety of the year anticipates notably lower growth in key categories, such as Confluent’s all-important subscription revenue. Stocks trade on forward potential, after all, not trailing results — no matter how impressive they might seem.

A clutch of price target cuts

One group of professionals unimpressed with Confluent’s performance was the analysts tracking the stock. In disseminating the quarter’s results they wasted little time in cutting their Confluent price targets.

One of the more drastic reductions was made by Needham’s Mike Cikos, who now feels the stock is worth only $26 per share, down a fair distance from his previous $40. Yet he still sees potential in the business, as he maintained his buy recommendation.

I’m not sure I’d be as bullish; however, at this point Confluent seems to be oversold by investors nervous about potentially withering growth rates. Right now it might be a good play on significant share price weakness.

Tags: ConfluentStocktodayheadlineTumblingweek
Previous Post

Japan says massive Treasury stockpile among tools for US trade talks todayheadline

Next Post

Jerusalem wildfires could have been avoided if Israel learned from past

Related Posts

Asia stocks rise on softer yields, Japan firms past strong inflation data todayheadline

May 23, 2025
4

Sri Lanka expects current account surplus in 2025 for third year: CB Governor todayheadline

May 23, 2025
4
Next Post
Jerusalem wildfires could have been avoided if Israel learned from past

Jerusalem wildfires could have been avoided if Israel learned from past

  • Trending
  • Comments
  • Latest
Family calls for change after B.C. nurse dies by suicide after attacks on the job

Family calls for change after B.C. nurse dies by suicide after attacks on the job

April 2, 2025
Pioneering 3D printing project shares successes

Product reduces TPH levels to non-hazardous status

November 27, 2024

Hospital Mergers Fail to Deliver Better Care or Lower Costs, Study Finds todayheadline

December 31, 2024

Police ID man who died after Corso Italia fight

December 23, 2024
Harris tells supporters 'never give up' and urges peaceful transfer of power

Harris tells supporters ‘never give up’ and urges peaceful transfer of power

0
Des Moines Man Accused Of Shooting Ex-Girlfriend's Mother

Des Moines Man Accused Of Shooting Ex-Girlfriend’s Mother

0

Trump ‘looks forward’ to White House meeting with Biden

0
Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

Catholic voters were critical to Donald Trump’s blowout victory: ‘Harris snubbed us’

0

Asia stocks rise on softer yields, Japan firms past strong inflation data todayheadline

May 23, 2025

Sri Lanka expects current account surplus in 2025 for third year: CB Governor todayheadline

May 23, 2025

Why Trump’s ‘Golden Dome’ Won’t Shield the U.S. from Nuclear Strikes todayheadline

May 23, 2025
Donald Trump

RFK Jr. on chemicals, sick kids and that swim in contaminated water

May 23, 2025

Recent News

Asia stocks rise on softer yields, Japan firms past strong inflation data todayheadline

May 23, 2025
4

Sri Lanka expects current account surplus in 2025 for third year: CB Governor todayheadline

May 23, 2025
4

Why Trump’s ‘Golden Dome’ Won’t Shield the U.S. from Nuclear Strikes todayheadline

May 23, 2025
3
Donald Trump

RFK Jr. on chemicals, sick kids and that swim in contaminated water

May 23, 2025
6

TodayHeadline is a dynamic news website dedicated to delivering up-to-date and comprehensive news coverage from around the globe.

Follow Us

Browse by Category

  • Africa
  • Asia
  • Basketball
  • Business & Finance
  • Climate Change
  • Crime & Justice
  • Economic Policies
  • Elections
  • Entertainment
  • Entrepreneurship
  • Environmental Policies
  • Europe
  • Football
  • Gadgets & Devices
  • Health
  • Medical Research
  • Mental Health
  • Middle East
  • Motorsport
  • Olympics
  • Politics
  • Public Health
  • Relationships & Family
  • Science & Environment
  • Software & Apps
  • Space Exploration
  • Sports
  • Stock Market
  • Technology & Startups
  • Tennis
  • Travel
  • Uncategorized
  • Us & Canada
  • Wildlife & Conservation
  • World News

Recent News

Asia stocks rise on softer yields, Japan firms past strong inflation data todayheadline

May 23, 2025

Sri Lanka expects current account surplus in 2025 for third year: CB Governor todayheadline

May 23, 2025
  • Education
  • Lifestyle
  • Technology & Startups
  • About us
  • Contact
  • Advertise with Us
  • Privacy & Policy

© 2024 Todayheadline.co

Welcome Back!

OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business & Finance
  • Corporate News
  • Economic Policies
  • Entrepreneurship
  • Market Trends
  • Crime & Justice
  • Court Cases
  • Criminal Investigations
  • Cybercrime
  • Legal Reforms
  • Policing
  • Education
  • Higher Education
  • Online Learning
  • Entertainment
  • Awards & Festivals
  • Celebrity News
  • Movies
  • Music
  • Health
  • Fitness & Nutrition
  • Medical Breakthroughs
  • Mental Health
  • Pandemic Updates
  • Lifestyle
  • Fashion & Beauty
  • Food & Drink
  • Home & Living
  • Politics
  • Elections
  • Government Policies
  • International Relations
  • Legislative News
  • Political Parties
  • Africa
  • Asia
  • Europe
  • Middle East
  • Artificial Intelligence
  • Cybersecurity
  • Emerging Technologies
  • Gadgets & Devices
  • Industry Analysis
  • Basketball
  • Football
  • Motorsport
  • Olympics
  • Climate Change
  • Environmental Policies
  • Medical Research
  • Science & Environment
  • Space Exploration
  • Wildlife & Conservation
  • Sports
  • Tennis
  • Technology & Startups
  • Software & Apps
  • Startup Success Stories
  • Startups & Innovations
  • Tech Regulations
  • Venture Capital
  • Uncategorized
  • World News
  • Us & Canada
  • Public Health
  • Relationships & Family
  • Travel
  • Research & Innovation
  • Scholarships & Grants
  • School Reforms
  • Stock Market
  • TV & Streaming
  • Advertise with Us
  • Privacy & Policy
  • About us
  • Contact

© 2024 Todayheadline.co