In a brutal day for investors, shares of Confluent (NASDAQ: CFLT) are crashing 45% after earnings. The reason? Weak-ish guidance for 2024. In this video, Motley Fool contributor Jason Hall breaks down what's going on, and then takes a deeper dive into the results. His take: This huge sell-off looks more like a buying opportunity.
*Stock prices used were from the morning of Nov. 2, 2023. The video was published on Nov. 2, 2023.
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Jason Hall has positions in Confluent. The Motley Fool has positions in and recommends Confluent. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.