Confluent Inc. (NASDAQ:CFLT) shares surged 19.15% to $24.70 in pre-market trading on Wednesday.
Check out the current price of CFLT stock here.
The jump came after a Reuters report revealed that the data infrastructure company is considering a possible sale, following interest from both tech companies and private equity firms looking to acquire it.
Sale Process Underway
Confluent has brought in an investment bank to oversee the early stages of a potential sale, according to sources cited by Reuters.
Over the past year, the California-based software provider’s stock is up 4.22%, though it has dropped 25.86% so far in 2025. The stock has traded between $15.64 and $37.90 over the past 12 months, giving the company a market capitalization of about $7.15 billion.
It sees an average daily trading volume of roughly 7.14 million shares.
Strategic Value
Confluent builds its business around Apache Kafka, offering enterprise-grade tools that help companies manage real-time data streams, which are crucial for developing AI applications.
According to reports, the company became more susceptible to acquisition interest after its stock dropped in July following the loss of a major customer.
Demand for data infrastructure assets has been growing as more companies invest in AI development.
In May, Salesforce Inc. (NYSE:CRM) acquired Informatica for around $8 billion.
Sources noted that there's no guarantee a deal will happen, and Confluent may ultimately choose to remain independent.
Social Media Buzz
The stock has gained attention on social media.
Stock Performance
Price Action: According to Benzinga Pro, CFLT closed Tuesday’s regular trading session at $20.73, down 2.49%.
Benzinga Edge Stock Rankings indicate that CFLT has a short-term upward movement. Track the performance of other players in this segment.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
