Software Stack Investing
Investing analysis of the software companies that power next generation digital businesses. The host has significant experience leading software engineering for a number of large consumer Internet properties. He brings insights as a technology practitioner and budget owner to evaluating software infrastructure companies in categories like developer tooling, big data, observability and application hosting. Sample company stocks covered include SNOW, NET, DDOG, MDB, CRWD, ZS and GTLB. Podcast supplements the content on SoftwareStackInvesting.com. Follow on Twitter @StackInvesting.
Software Stack Investing
Confluent Q1 2023 Earnings Report
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Software Stack Investing
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Season 2
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Episode 13
Following their Q1 earnings report on May 3rd, Confluent stock jumped by 16%. Since then, CFLT has continued appreciating, recently passing their previous high for 2023. While the report itself was pretty good (but not outstanding), the market appears to be anticipating more growth to come. Perceived AI tailwinds are likely at play. In order to capitalize on the potential advantages from advanced insights and new proprietary AI models, enterprises need access to all their data in one place. It should be filtered, consistent and recent. As the leading independent provider of data streaming, and soon stream processing capabilities, Confluent is well positioned to address this demand.
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