These 10 Stocks Led Rally on Wednesday

2. Confluent Inc. (NASDAQ:CFLT)

Shares of Confluent rallied by 25.08 percent on Wednesday to end at $37.65 each as investors bought up positions following the company’s optimistic outlook and improved earnings performance in 2024.

In a statement, CFLT said it expects subscription revenues to pick up to $1.117 billion to $1.121 billion for full-year 2025 from the $922.1 million registered last year.

Meanwhile, subscription revenues were expected to settle between $253 million and $254 million for the first quarter of the year from the $250.6 million in the last quarter.

Last year, CFLT narrowed its net loss by 21 percent to $345 million from $442 million, as well as by 6 percent for the fourth quarter to $88 million from $94 million year-on-year.

Revenues last year likewise increased by 24 percent to $963 million from $776 million, as well as by 22 percent to $261 million from $213 million for the fourth quarter of 2024.