Stockideas

Confluent Inc
(NASDAQ:CFLT)
Confluent Inc

Confluent, Inc. operates as a software company. The Company offers a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system, as well as generates revenue from the sale of subscriptions and services. Confluent serves clients worldwide.
Founded: 2014
IPO date: 2021-06-24
IPO price: $29
Full Time Employees: 1,846
CEO / Co-Founder: Jay Kreps 
Sector: Technology
Industry: Software-Infrastructure
Next Earnings Date: 2023-02-09
Stock price: $22.63 (-0.35%)
cflt
By: barbapapa lazy guy   💬 25   
   on Nov 18, 2022

headcount, user count, rpo, revenue is growing consistently. it show how resilient this company is in a economy downturn. $cflt


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Confluent Inc
By: ssmlee04 Community Lead :))   💬 98   
   on Jan 02, 2022

kafka is the streaming standard these days and confluent is a service on top of that. if you use their service you can save the money to hire engineers. engineers are most of the time way more expensive to find.


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MongoDB Second Quarter Earnings Call Summary
By: ssmlee04 Community Lead :))   💬 98   
   on Sep 05, 2021

MongoDB is the most popular NoSQL database in the world right now. It has a few alternatives like Cassandra, ElasticSearch, DynamoDB but each of them serve different purposes. Like ElasticSearch is good at search, Cassandra is for tuning the consistency, DynamoDB is good at scaling... etc. But for developers who wants to look for a popular and generic NoSQL solution that is well supported by community, MongoDB might be the go-to solution for you.

And MongoDB Inc is a company that help you host MongoDB and troubleshoot all sort of MongoDB issues. By doing this you can focus on what you do instead of hiring lots of engineers to worry about database backup, sharding, monitoring all those kind of stuff.

As for the earnings call: market is apparently happy about this earnings call, and the stock is up 26% on Friday. In this call you can see their current quarter revenue growth is 44% yoy, but the big story here is that recurring revenue from their SaaS part business, Atlas, which is a managed database solution, grew 83% yoy. And now it represents 56% of their total revenue.

If you take the entire revenue to divide the market-cap you'll get a p/s ratio of around 35 at the close of Thursday. But if you only take the Atlas part of the revenue and you'll get a p/s of 62. But for a company that's growing 90% this price is not unreasonable in year 2021. Snowflake is also a similar company that's growing around 100% a year and they're traded at a p/s ratio of over 100. But bear in mind the rest of the 44% revenue is also growing really fast. And with the rally this company is trading at 44 now.

This is probably why Confluent is also rallying on Friday. Instead of database service they provide managed data streams services. And you can imagine it's like the event bus for companies that need to worry about events. Instead of storing your data in the database you store your data on a stream so that you can subscribe to it and get it in a slightly different way.

Other highlights:

  • Revenue: Total revenue was $198.7 million in the second quarter fiscal 2022, an increase of 44% year-over-year. Subscription revenue was $191.4 million, an increase of 44% year-overyear, and services revenue was $7.4 million, an increase of 27% year-over-year.
  • Gross Profit: Gross profit was $138.0 million in the second quarter fiscal 2022, representing a 69% gross margin, consistent with gross margin in the year-ago period. Non-GAAP gross profit was $142.9 million, representing a 72% non-GAAP gross margin.
  • Loss from Operations: Loss from operations was $72.5 million in the second quarter fiscal 2022, compared to $49.8 million in the year ago period. Non-GAAP loss from operations was $11.5 million, compared to $10.2 million in the year-ago period.
  • Net Loss: Net loss was $77.1 million, or $1.22 per share, based on 63.4 million weightedaverage shares outstanding in the second quarter fiscal 2022. This compares to $64.5 million, or $1.10 per share, based on 58.4 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $15.2 million or $0.24 per share. This compares to $12.7 million or $0.22 per share in the year-ago period.
  • Cash Flow: As of July 31, 2021, MongoDB had $1.8 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended July 31, 2021, MongoDB used $19.8 million of cash in operations, $1.7 million of cash in capital expenditures and $1.2 million of cash in principal repayments of finance leases, leading to negative free cash flow of $22.7 million, compared to negative free cash flow of $15.0 million in the year-ago period.

Source: https://webassets.mongodb.com/_com_assets/cms/kt4c1mhctq5hmk6wc-mongodb2ndqfiscal2022finresults.pdf

$CFLT $MDB $SNOW


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Confluent s-1
By: ssmlee04 Community Lead :))   💬 98   
   on Aug 07, 2021

https://www.sec.gov/Archives/edgar/data/1699838/000119312521178773/d63025ds1.htm

Today might be day1 of the uptrend. $CFLT


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