NEW YORK, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against JFrog Ltd. ("JFrog" or the "Company") (NASDAQ: FROG) on behalf of JFrog stockholders. Our investigation concerns whether JFrog has violated the federal securities laws and/or engaged in other unlawful business practices. Click here to participate in the action. On August 7, 2024, JFrog reported financial results for its second quarter ended J ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39492 JFrog Ltd. (Exact name of Registrant as specified in its charter) Israel 98-0680649 (State or other jurisdiction of incorporation or organization) (I.R ...

JFrog Ltd. (NASDAQ:FROG) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jeffrey Schreiner - VP, IR Shlomi Ben Haim - CEO and Co-Founder Ed Grabscheid - CFO Conference Call Participants Sanjit Singh - Morgan Stanley Pinjalim Bora - J.P. Morgan Michael Cikos - Needham Ryan MacWilliams - Barclays Kingsley Crane - Canaccord Genuity Shrenik Kothari - Baird Miller Jump - Truist Securities Koji Ikeda - Bank of America Andrew Sherman - TD Cowen Jeff Hickey - UBS Brad Reback - Stif ...

Financial Data and Key Metrics Changes - JFrog's total revenue for Q3 2024 was $109.1 million, representing a 23% year-over-year increase [11][20] - Cloud revenue reached $42.4 million, up 38% year-over-year, accounting for 39% of total revenues compared to 35% in the prior year [20][11] - Self-managed revenue was $66.7 million, reflecting a 15% year-over-year increase [20] - Net dollar retention for the trailing four quarters was 117%, with a gross retention rate of 97% [21] - Gross profit was $90.3 million, resulting in a gross margin of 82.8%, down from 83.7% in the previous year [23] - Operating profit was $14.7 million, with an operating margin of 13.5%, slightly up from 13.4% in the year-ago period [25] Business Line Data and Key Metrics Changes - The number of customers with an ARR over $100,000 increased to 966, up from 848 in the previous year [11] - Customers with an ARR exceeding $1 million grew to 46, representing a 53% year-over-year increase [12] - 50% of total revenue came from Enterprise Plus subscriptions, up from 46% in the prior year, with revenue contribution from these subscriptions growing 35% year-over-year [22] Market Data and Key Metrics Changes - The cloud business experienced sequential growth driven by increased migration activity, although overall usage trends remained moderate compared to the previous year [13] - The market continues to demand higher standards for software integrity, with enterprises prioritizing modernization of their software supply chain security [15] Company Strategy and Development Direction - JFrog is focused on a unified platform experience, integrating DevOps, DevSecOps, and MLOps into one solution [8] - The company aims to expand its security offerings, with JFrog Runtime Security being recognized as a critical solution for organizations [8][15] - The strategic partnership with GitHub aims to enhance security capabilities and integrate AI functionalities [18] Management's Comments on Operating Environment and Future Outlook - Management expressed a cautious outlook regarding large migration deals in the 2024 pipeline, indicating that customer migration activity has not yet fully turned the corner [14] - The company anticipates cloud revenue growth of around 40% year-over-year for 2024, with year-to-date cloud growth currently at 42% [29] - Management remains focused on expense discipline while investing in future growth opportunities [24] Other Important Information - JFrog's acquisition of Qwak closed in early July, contributing less than 0.5% to Q3 revenue [31] - The company ended Q3 2024 with $467.8 million in cash and short-term investments, down from $591.3 million as of June 30, 2024 [26] Q&A Session Summary Question: How did Q3 results come in compared to expectations? - Management indicated that Q3 performance was largely due to significant projects that were closed, including deals pushed from Q2 [37] Question: What gives confidence for 2025 being a year of material contribution from security? - Management noted that security was a critical component of large deals secured in Q3, and they see more opportunities combining cloud growth and security [39] Question: What is the customer behavior regarding renewals with a security component? - Management observed that customers are adopting and expanding their security solutions, with a focus on large projects [44] Question: How should 2025 be viewed in terms of growth? - Management is being conservative in building the outlook and guidance for 2025, considering the macro environment [47] Question: How is macro impacting cloud usage? - Management noted that while customers are planning to migrate to the cloud, execution is taking longer than expected [56] Question: What are the contributing factors to cloud growth? - Management mentioned that large-scale wins, annual customer commitments, and smaller migrations are contributing to cloud growth [60] Question: How is JFrog addressing deployment integration bottlenecks? - Management emphasized the importance of consolidating solutions and providing support for customers to overcome integration challenges [65] Question: What is the status of the partnership with GitHub? - Management highlighted ongoing co-engineering efforts and the potential for innovation and customer retention through the partnership [68] Question: What is the outlook for AI integration in revenues? - Management indicated that while AI is a significant opportunity, it will take time for it to translate into revenue as customers are still in the experimental phase [85]

For the quarter ended September 2024, JFrog Ltd. (FROG) reported revenue of $109.06 million, up 23% over the same period last year. EPS came in at $0.15, compared to $0.15 in the year-ago quarter. The reported revenue represents a surprise of +3.34% over the Zacks Consensus Estimate of $105.54 million. With the consensus EPS estimate being $0.10, the EPS surprise was +50.00%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

JFrog Ltd. (FROG) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this company would post earnings of $0.14 per share when it actually produced earnings of $0.15, delivering a surprise of 7.14%. Over the last four quarters, the company has surp ...

Exhibit 99.1 JFrog Announces Third Quarter 2024 Results • Total Revenues of $109.1 million; up 23% Year-over-Year • Cloud Revenues up 38% Year-over-Year; driven by cloud migrations and security • Customers with ARR Greater than $1 million equaled 46, up 53% Year-over-Year • Announced expansion of the JFrog Platform with MLOps and Runtime Security Sunnyvale, Calif., November 7, 2024 – JFrog Ltd. ("JFrog") (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, to ...

JFrog's (NASDAQ: FROG ) stock price declined from about $40 to less than $30 after announcing a 1% revision to its full-year growth outlook, while maintaining its long-term model for 2027 which implies continued growth in the low-20s. This means the investment Analyst's Disclosure: I/we have a beneficial long position in the shares of FROG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

If a Bloomberg article proves to be accurate, the company might change hands before long. On the last trading day of the week, investors traded on rumor rather than hard news about software tools specialist JFrog (FROG 4.47%). After a media report stated that several potential acquirers are circling around the company, market players bid the shares up by just under 5% on the day. That performance trounced the 0.8% increase of the benchmark S&P 500 index. A report says potential suitors are sniffing around I ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Oct. 10, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises JFrog Ltd. ("JFrog" or "the Company") (NASDAQ: FROG) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. JFrog investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. P ...