Why Are Confluent Shares Trading Higher Today?

Confluent, Inc CFLT, the data streaming platform to set data in motion, collaborated with Amazon.com Inc AMZN Amazon Web Services, Inc (AWS).
Under this five-year agreement, Confluent and AWS have committed to joint go-to-market initiatives to help organizations accelerate their cloud adoption journey with real-time data.
Stephen Orban, GM, AWS Marketplace and Control Services, AWS, said, "Our expanded strategic collaboration allows customers to migrate real-time streaming data workloads to the cloud faster with Confluent Cloud on AWS."
DISH Network Corp DISH leveraged Confluent for cloud-native data streaming with Apache Kafka to facilitate real-time analytics applications on its new smart 5G network.
DISH's network will transform how people and enterprises leverage data, lowering friction to connect systems and deliver smarter solutions.
"Working closely with Confluent to help DISH deliver the world's first cloud-native 5G network illustrates how AWS customers can utilize our breadth of offerings and world-class partners from AWS Marketplace to meet their customer's needs," said Orban.
Price Action: CFLT shares traded higher by 5.55% at $59.11 on the last check Thursday.