JFrog Q2 Revenue Jumps 29%, Cloud Soars 53% — Guidance Raised
FROG has more than doubled off its 52-week low of $34.05.
Summary
JFrog delivered a strong Q2 beat with revenue of $163.8M, up 29% YoY and well above the $155.6M consensus. Adjusted EPS of $0.27 also topped estimates by $0.03. Cloud revenue surged 53%, driven by demand for software supply chain security solutions. The company raised its full-year revenue outlook to $648M-$652M, implying continued momentum. Q3 guidance of $164M-$166M in revenue and $0.22-$0.24 in non-GAAP EPS suggests the beat was not a one-off. With the stock trading near its 52-week high, this print reinforces the growth narrative and could push shares through the $99.22 peak.
At the time of this announcement, FROG was trading at $95.40 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.1B. The 52-week trading range was $34.05 to $99.22. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.