Latest news with #OEMProgram
Yahoo
08-03-2025
- Business
- Yahoo
Why Confluent, Inc. (CFLT) Went Down on Friday
We recently compiled a list of the . In this article, we are going to take a look at where Confluent, Inc. (NASDAQ:CFLT) stands against the other stocks. Wall Street finished the trading week on a strong note, with all major indices recording gains as investors digested the latest US jobs data, which fell short of expectations. The tech-heavy Nasdaq posted the largest gain with 0.70 percent, followed by the S&P 500 with 0.55 percent, and the Dow Jones by 0.52 percent. Ten companies across mixed sectors bucked a wider market optimism, ending Friday in the red territory. In this article, we have listed the 10 worst-performing names and detailed the reasons behind their performance. To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A team of consultants in suits, discussing the importance of stream governance for real-time data. Confluent, Inc. (NASDAQ:CFLT) saw its share prices drop by 7.12 percent on Friday, a second consecutive day, to end at $26.61 each as investors sold off following the company's co-founder and CEO's disposition of shares. In a regulatory filing, Confluent, Inc. (NASDAQ:CFLT) said its CEO Jay Kreps planned to dispose of 465,000 shares in the company for a total amount of $14.97 million. Over the past three months, Kreps has already sold 232,500 shares. In other news, Confluent, Inc. (NASDAQ:CFLT) announced its partnership with sccc by stc, a leading cloud services provider in Saudi Arabia, to join the CFLT OEM Program as a managed service provider (MSP) to make data streaming more accessible in Saudi Arabia. The new partnership aligns with Saudi Vision 2030, an initiative that prioritizes technical innovation by helping accelerate digital transformations across key industries, including finance, retail, healthcare, and public services. Overall CFLT ranks 5th on our list of Friday's worst performers. While we acknowledge the potential of CFLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CFLT but trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
TECHx
06-03-2025
- Business
- TECHx
Confluent Partners with sccc by stc to Boost Data Streaming in Saudi Arabia
Confluent Partners with sccc by stc to Boost Data Streaming in Saudi Arabia Confluent, Inc. (NASDAQ: CFLT), a data streaming company, has announced a strategic partnership with sccc by stc, a cloud services provider in Saudi Arabia, as part of the Confluent OEM Program. This collaboration will make data streaming more accessible across the Kingdom, supporting the country's Vision 2030 initiative focused on accelerating digital transformation in industries such as finance, retail, healthcare, and public services. As Confluent's first Managed Service Provider (MSP) in Saudi Arabia, sccc by stc will help enterprises stream, connect, process, and govern data in real time, driving innovation in Saudi Arabia's growing digital economy. This new partnership will provide local businesses with tailored data streaming solutions through sccc by stc, including deployment, maintenance, and optimization services. In addition, sccc by stc will offer Confluent's industry-leading Apache Flink® streaming service, enabling organizations to gain faster insights, implement AI-based automation, and develop predictive intelligence for better decision-making. Talal Albakr, CEO of sccc by stc, stated, 'Our partnership with Confluent is a key milestone in empowering Saudi enterprises to leverage the power of real-time data. By integrating Confluent's data streaming platform with our cloud solutions, we're helping organizations gain instant insights into customer behaviors, market trends, and security threats, which will support Saudi Vision 2030 and the Kingdom's goal of becoming a global leader in technology and innovation.' As Saudi Arabia's digital economy rapidly advances, industries are moving away from traditional batch-based data practices and embracing real-time data streaming. This collaboration between Confluent and sccc by stc will enable Saudi businesses to optimize operations, enhance customer engagement, and foster long-term growth. Kamal Brar, Senior Vice President, Worldwide ISV and APAC at Confluent, added, 'Confluent offers the fastest and most scalable path to enterprise-grade data streaming. This partnership will not only accelerate service delivery but also drive technological breakthroughs in Saudi Arabia, supporting the Kingdom's vision of becoming a global technology leader.' The Confluent OEM Program simplifies launching and enhancing customer offerings with a complete data streaming platform for Apache Kafka® and Apache Flink®. This allows sccc by stc to bring real-time products to market faster, monetize customer demand for data streaming, and reduce investment and risk. Talal Albakr will also present at Confluent's Investor Day, sharing insights about the partnership and how data streaming is transforming Saudi industries.
