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JFrog Analysts Increase Their Forecasts After Better-Than-Expected Earnings
FROGJFrog(FROG) Benzinga·2025-02-14 14:34

Core Insights - JFrog reported better-than-expected fourth-quarter results, with earnings of 19 cents per share, surpassing the analyst consensus estimate of 14 cents, and quarterly revenue of 116.08million,exceedingtheestimateof116.08 million, exceeding the estimate of 114.19 million and showing an increase from 97.26millioninthesameperiodlastyear[1]−TheCEOhighlightedtherapidevolutionofDevOps,DevSecOps,andMLOpslandscapes,emphasizingcustomerdemandforcomprehensivesolutionsthatunifyandsecurethesoftwaresupplychainwhileenablingresponsibleGenAIadoption,whichcontributedtothecompany′ssuccessin2024[2]−JFrogexpectsfirst−quarterrevenuebetween97.26 million in the same period last year [1] - The CEO highlighted the rapid evolution of DevOps, DevSecOps, and MLOps landscapes, emphasizing customer demand for comprehensive solutions that unify and secure the software supply chain while enabling responsible GenAI adoption, which contributed to the company's success in 2024 [2] - JFrog expects first-quarter revenue between 116 million and 118million,slightlybelowtheestimateof118 million, slightly below the estimate of 117.37 million, and EPS between 15 cents and 17 cents, aligning with the 15-cent estimate. For fiscal 2025, the company projects revenue between 499millionand499 million and 503 million, in line with the estimate of 499.62million,andEPSbetween67centsand69cents,slightlyabovethe66−centestimate[3]AnalystReactions−Followingtheearningsannouncement,analystsadjustedtheirpricetargetsforJFrog.NeedhamanalystMikeCikosmaintainedaBuyratingandraisedthepricetargetfrom499.62 million, and EPS between 67 cents and 69 cents, slightly above the 66-cent estimate [3] Analyst Reactions - Following the earnings announcement, analysts adjusted their price targets for JFrog. Needham analyst Mike Cikos maintained a Buy rating and raised the price target from 39 to 46.CanaccordGenuityanalystKingsleyCranealsomaintainedaBuyrating,increasingthepricetargetfrom46. Canaccord Genuity analyst Kingsley Crane also maintained a Buy rating, increasing the price target from 38 to 45.MorganStanleyanalystSanjitSinghmaintainedanOverweightratingandboostedthepricetargetfrom45. Morgan Stanley analyst Sanjit Singh maintained an Overweight rating and boosted the price target from 36 to $44 [4][5]