Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Bottom-Up

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<li>
<a href="https://www.smartkarma.com/entities/confluent-inc" target="_blank" data-smartkarma-citation="entities:33443:1" rel="noopener">Confluent (CFLT US)</a>, a high-growth data streaming vendor, will host Investor Day 2023 in New York City on <strong>June 13, 2023</strong>. </li>
<li>Management will provide an update on the company’s vision and strategy. <a href="https://www.smartkarma.com/entities/confluent-inc" target="_blank" data-smartkarma-citation="entities:33443:1" rel="noopener">Confluent (CFLT US)</a> shares traded up ~64% in 2023, outperforming the Nasdaq Composite, up ~27%.</li>
<li>I expect CY24 revenue to exceed $1B, driven by efficient growth at a large scale, strong growth in the cloud segment, and rapid adoption of Apache Kafka.</li>
</ul>



Confluent (CFLT US), a high-growth data streaming vendor, will host Investor Day 2023 in New York City on June 13, 2023. 
Management will provide an update on the company’s vision and strategy. Confluent (CFLT US) shares traded up ~64% in 2023, outperforming the Nasdaq Composite, up ~27%.
I expect CY24 revenue to exceed $1B, driven by efficient growth at a large scale, strong growth in the cloud segment, and rapid adoption of Apache Kafka.


Confluent: Upgrade To OW On Consistent Execution And A Clear Path To Profitability. PT Raised To $37

Algosun Global

<ul>
<li>New Relic reported a solid quarter pushing shares up ~18% during the regular trading session as y/y revenue growth accelerated while gross margin and operating income continued to expand.</li>
<li>We like New Relic’s fundamentals and transformation plan driven across the business. The company raised the outlook for FY23 revenue as 3QFY23 results exceeded guidance. </li>
<li>New Relic invites investors to an Analyst Day in May, where the company will announce the FY24 financial plan details and give more color about the updated GTM strategy. </li>
</ul>


New Relic reported a solid quarter pushing shares up ~18% during the regular trading session as y/y revenue growth accelerated while gross margin and operating income continued to expand.
We like New Relic’s fundamentals and transformation plan driven across the business. The company raised the outlook for FY23 revenue as 3QFY23 results exceeded guidance. 
New Relic invites investors to an Analyst Day in May, where the company will announce the FY24 financial plan details and give more color about the updated GTM strategy. 


New Relic: Impressive 3QFY23. Profitable Growth Accelerated Driven By Efficiency Initiatives

Stock Picking & Investing, BluSuit

BluSuit

Stock Picking & Investing

Financial markets, high growth & innovative business coverage, macro economics, trading strategy and market insight

<ul><li>At the moment of writing this, it’s 2:30 pm on a Sunday and I am in a ground blind. Every year at about this time of the year I take a few days off of work to unplug, have a few drinks with other family members and run off to the middle of the woods.</li><li>I get some of my best thinking done out here while I wait for a White Tail Buck to come by. It’s blissful.</li><li>Regardless of where I am or what I am doing, I am and always have been committed to maintaining my transparency, my thoughts and my investing story/process to all of you.</li></ul>

At the moment of writing this, it’s 2:30 pm on a Sunday and I am in a ground blind. Every year at about this time of the year I take a few days off of work to unplug, have a few drinks with other family members and run off to the middle of the woods.I get some of my best thinking done out here while I wait for a White Tail Buck to come by. It’s blissful.Regardless of where I am or what I am doing, I am and always have been committed to maintaining my transparency, my thoughts and my investing story/process to all of you.

<ul>
<li>
<a href="https://www.smartkarma.com/entities/confluent-inc" target="_blank" data-smartkarma-citation="entities:33443:1" rel="noopener">Confluent (CFLT US)</a>  reported solid 2Q22 results, and most metrics were above sell-side expectations, including subscription revenue, gross margins, and operating margins. </li>
<li>We are impressed with Confluent Cloud's revenue growth of +139% y/y and strong subscription gross margins. Management raised FY22 revenue and profitability guidance. </li>
<li>Our price target of $28 is slightly below the current share price. However, we see room for further multiple expansion due to revenue acceleration above consensus.</li>
</ul>



Confluent (CFLT US)  reported solid 2Q22 results, and most metrics were above sell-side expectations, including subscription revenue, gross margins, and operating margins. 
We are impressed with Confluent Cloud's revenue growth of +139% y/y and strong subscription gross margins. Management raised FY22 revenue and profitability guidance. 
Our price target of $28 is slightly below the current share price. However, we see room for further multiple expansion due to revenue acceleration above consensus.


Better Than Expected 2Q22 Results, Cloud Growth of 139% YoY, FY22 Revenue Guidance Moves Higher

<ul>
<li>
<a href="https://www.smartkarma.com/entities/confluent-inc" target="_blank" data-smartkarma-citation="entities:33443:1" rel="noopener">Confluent (CFLT US)</a>  is an American-based data infrastructure software company and a major contributor to the open-source project Apache Kafka. </li>
<li>Original creators of Apache Kafka founded the company in 2014. Today, Kafka has 5M+ lifetime downloads, and &gt;100,000 organizations use the successful open source project.</li>
<li>We believe <a href="https://www.smartkarma.com/entities/confluent-inc" target="_blank" data-smartkarma-citation="entities:33443:1" rel="noopener">Confluent (CFLT US)</a>  is uniquely positioned to benefit from the widespread adoption of Apache Kafka and the growing $50B+ total addressable market. </li>
</ul>



Confluent (CFLT US)  is an American-based data infrastructure software company and a major contributor to the open-source project Apache Kafka. 
Original creators of Apache Kafka founded the company in 2014. Today, Kafka has 5M+ lifetime downloads, and &gt;100,000 organizations use the successful open source project.
We believe Confluent (CFLT US)  is uniquely positioned to benefit from the widespread adoption of Apache Kafka and the growing $50B+ total addressable market. 


Confluent: Harnessing Data In Motion. Initiate At Overweight

United States

Confluent, Inc. operates as a software company. The Company develops cloud-native platform is designed to unleash real-time data. Confluent serves customers worldwide

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Confluent (CFLT US)

Confluent: Upgrade To OW On Consistent Execution And A Clear Path To Profitability. PT Raised To $37

Considering Confluent’s superior top-line growth profile, large and growing TAM opportunity, consistent execution, and a clear path to...

Andrei Zakharov

New Relic: Impressive 3QFY23. Profitable Growth Accelerated Driven By Efficiency Initiatives

New Relic surprised investors and reported better-than-expected 3QFY23 results driven by consumption and efficiency initiatives

Andrei Zakharov

Grounding Myself in this Market Cycle

Regardless of where I am or what I am doing, I am and always have been committed to maintaining my transparency, my thoughts and my investing story...

BluSuit

Better Than Expected 2Q22 Results, Cloud Growth of 139% YoY, FY22 Revenue Guidance Moves Higher

We remain bullish on the stock as revenue growth accelerated and adoption of Confluent Cloud is growing fast. Our analysis suggests there is room...

Andrei Zakharov

Confluent: Harnessing Data In Motion. Initiate At Overweight

We are initiating coverage on Confluent with an Overweight rating and price target of $28, implying a ~50% upside. Fundamentals remain attractive,...

Andrei Zakharov

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