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Q4 Earnings Highs And Lows: Confluent (NASDAQ:CFLT) Vs The Rest Of The Data and Analytics Software Stocks


Adam Hejl /
2022/04/21 7:03 am EDT
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As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q4. Today we are looking at the data and analytics software stocks, starting with Confluent (NASDAQ:CFLT).

Data is the lifeblood of the internet and software, and its importance to businesses continues to accelerate. Tracking sensors, ubiquitous mobile devices, and every action in every app are producing an explosion of analyzable data which increasingly gets stored in public cloud environments. This drives demand for a variety of software solutions, from databases to analytics software, which help companies derive actionable insights from the data to better understand customer preferences, supply chains, and forecast at ever more granular levels to improve their competitive advantage.

The 12 data and analytics software stocks we track reported a solid Q4; on average, revenues beat analyst consensus estimates by 4.62%, while on average next quarter revenue guidance was 1.57% above consensus. There has been a stampede out of high valuation technology stocks, but data and analytics software stocks held their ground better than others, with share price down 8.34% since earnings, on average.

Confluent (NASDAQ:CFLT)

Started in 2014 by the team of engineers at LinkedIn who originally built it as an internal tool, Confluent (NASDAQ:CFLT) provides infrastructure software for organizations that makes it easy and fast to collect and move large amounts of data between different systems.

Confluent reported revenues of $119.9 million, up 70.5% year on year, beating analyst expectations by 9.22%. It was a very strong quarter for the company, with a very optimistic guidance for the next quarter and an exceptional revenue growth.

“To compete in the modern world, organizations must harness the power of data that constantly flows throughout their business,” said Jay Kreps, co-founder and CEO, Confluent.

Confluent Total Revenue

Confluent scored the highest full year guidance raise of the whole group. The company added 70 enterprise customers paying more than $100,000 annually to a total of 734. The stock is down 46.2% since the results and currently trades at $39.30.

Is now the time to buy Confluent? Access our full analysis of the earnings results here, it's free.

Best Q4: Domo (NASDAQ:DOMO)

Founded by Josh James after selling his former business Omniture to Adobe, Domo (NASDAQ:DOMO) provides business intelligence software that allows managers to access and visualize critical business metrics in real-time, using their smartphones.

Domo reported revenues of $69.9 million, up 23.1% year on year, beating analyst expectations by 4.31%. It was a very strong quarter for the company, with a very optimistic guidance for the next quarter and a full year guidance beating analysts' expectations.

Domo Total Revenue

The stock is up 4.44% since the results and currently trades at $45.81.

Is now the time to buy Domo? Access our full analysis of the earnings results here, it's free.

Weakest Q4: Amplitude (NASDAQ:AMPL)

Born out of a failed voice recognition startup by founder Spenser Skates, Amplitude (NASDAQ:AMPL) is data analytics software helping companies improve and optimize their digital products.

Amplitude reported revenues of $49.4 million, up 75.1% year on year, beating analyst expectations by 5.26%. Despite the strong top-line growth, it was a weaker quarter for the company, with the guidance for both the next quarter and the full year missing analysts' estimates.

The stock is down 50.1% since the results and currently trades at $20.75.

Read our full analysis of Amplitude's results here.

C3.ai (NYSE:AI)

Founded in 2009 by enterprise software veteran Tom Seibel, C3.ai (NYSE:AI) provides software that makes it easy for organizations to add artificial intelligence technology to their applications.

C3.ai reported revenues of $69.7 million, up 42% year on year, beating analyst expectations by 3.89%. It was a very strong quarter for the company, with an exceptional revenue growth.

The stock is down 14.9% since the results and currently trades at $19.30.

Read our full, actionable report on C3.ai here, it's free.

Couchbase (NASDAQ:BASE)

Formed in 2011 with the merger of Membase and CouchOne, Couchbase (NASDAQ:BASE) is a database as a service platform that allows enterprises to store large volumes of semi-structured data.

Couchbase reported revenues of $35 million, up 19.2% year on year, beating analyst expectations by 3.13%. It was a slower quarter for the company, with full-year guidance missing analysts' expectations and an underwhelming revenue guidance for the next quarter.

Couchbase had the weakest full year guidance update among the peers. The stock is down 0.91% since the results and currently trades at $18.42.

Read our full, actionable report on Couchbase here, it's free.

The author has no position in any of the stocks mentioned