Investors appear to be overreacting today.Shares of software delivery company JFrog (FROG -17.21%) plunged on Friday after the company reported financial results for the first quarter of 2024. As of 11:30 a.m. ET, JFrog stock was down 18%.Does this warrant such a big drop?Explaining a stock move isn't always straightforward. As best as I can figure, investors are punishing JFrog stock today because management didn't raise its guidance by as much as they had hoped. To be clear, the company's financial result ...

Key PointsJFrog plummeted 12% after solid results and is setting up for the next leap higher. Growth is solid but slowing and aligns with forecasts, providing no catalyst for rallying today. Analysts trim targets but maintain a Moderate Buy rating and see a 20% upside at consensus. 5 stocks we like better than JFrogJFrog NASDAQ: FROG is a small DevOps platform shaking up an industry projected to grow at a 20% CAGR for the next five years. Its Enterprise+ package provides an end-to-end software supply chain ...

Customers with ARR greater than $1 million increased by three in the quarter, now equaling a total of 40. This is up from 21 in the year ago period, growing 90% year-over-year, reflecting the continued success of our sales teams top down efforts and adoption of the complete software supply chain platform by the enterprise. Our customers continue to tell us that having a single system of record that allows the seamless, secure flow of Binaries for DevOps and Security is mission critical to their business. In ...

JFrog Ltd. (FROG) reported $100.31 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 25.7%. EPS of $0.16 for the same period compares to $0.06 a year ago.The reported revenue represents a surprise of +1.70% over the Zacks Consensus Estimate of $98.63 million. With the consensus EPS estimate being $0.14, the EPS surprise was +14.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stre ...

JFrog Ltd. (FROG) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this company would post earnings of $0.13 per share when it actually produced earnings of $0.19, delivering a surprise of 46.15%.Over the last four quarters, the company has s ...

Trusted delivery with content control Regional Clouds Model & Dependency Version Control DEPLOYMENT ENVIRONMENT MONETIZATION 8/10 Uber Manual processes were causing inefficient delivery and release of software to global teams, costing Nokia time and money | --- | --- | --- | |---------------------------------|--------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------| | EXISTING OFFERINGS | WHY ...

Exhibit 99.1 JFrog Announces First Quarter 2024 Results • Revenue for the first quarter of 2024 equaled $100.3 million, up 26% year-over-year. • GAAP Gross Profit was $79.7 million; GAAP Gross Margin was 79.5%. • Non-GAAP Gross Profit was $85.3 million; Non-GAAP Gross Margin was 85.1%. • GAAP Operating Loss was ($16.6) million; GAAP Operating Margin was (16.6%). • Non-GAAP Operating Income was $14.1 million; Non-GAAP Operating Margin was 14.0%. • GAAP Net Loss Per Share was ($0.08); Non-GAAP Diluted Earning ...

Wall Street analysts forecast that JFrog Ltd. (FROG) will report quarterly earnings of $0.14 per share in its upcoming release, pointing to a year-over-year increase of 133.3%. It is anticipated that revenues will amount to $98.63 million, exhibiting an increase of 23.6% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial p ...

SUNNYVALE, Calif. & PARIS--(BUSINESS WIRE)--(KubeCon + CloudNativeCon Europe) — JFrog Ltd. (“JFrog”) (NASDAQ: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today released the findings of its annual Software Supply Chain State of the Union report 2024, which identifies emerging development trends, risks and best practices for securing enterprise software supply chains. “DevSecOps teams worldwide are navigating a volatile field of software security, where inno ...

SUNNYVALE, Calif.--(BUSINESS WIRE)--JFrog Ltd. (“JFrog”) (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced a new technology integration with Qwak, a fully managed ML Platform, that brings machine learning models alongside traditional software development processes to streamline, accelerate, and scale the secure delivery of ML applications. “Currently, data scientists and ML engineers are using a myriad of disparate tools, which are mostl ...