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data streaming opportunityThe Motley Fool
•80% Informative
Confluent is a leading developer of data streaming technologies that power many of our online experiences.
Confluent generated $235 million in total revenue during Q2 , a 24.1% increase from the year-ago period and above management's guidance of $229.5 million .
Wall Street is bullish on Confluent stock, and 20 of them have given it the highest possible buy rating.
Confluent stock hit its all-time high in 2021 , trading at a price-to-sales ratio of almost 60 .
The company's robust revenue growth since then, it now trades at a P/S ratio of just 7.1 . That's near the cheapest level in Confluent 's history as a public company.
Now might be a great time for investors to buy into the Confluent story.
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