Benzinga | Jan 27, 2022 01:14PM EST

Why Are Confluent Shares Trading Higher Today?

* Confluent, Inc (NASDAQ:CFLT), the data streaming platform to set data in motion, collaborated with Amazon.com Inc (NASDAQ: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 (NASDAQ: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.