Jfrog Ltd Stock Price, News & Analysis

JFrog Ltd. (FROG) reported third-quarter 2022 revenues of $72.0 million, up 34% year-over-year, driven by a 60% increase in cloud revenues, now comprising 29% of total revenue. The company launched JFrog Advanced Security, enhancing its DevSecOps offerings. Despite a GAAP operating loss of $23.4 million, non-GAAP metrics showed an operating profit of $1.2 million. The company expects Q4 revenues between $76.5 million and $77.5 million and projects full-year revenues of $280 million to $281 million.

JFrog Ltd (NASDAQ: FROG) announced the Pyrsia initiative, an open source project aimed at improving software supply chain security through decentralized package management. Supported by industry leaders like Docker and Oracle, Pyrsia will incubate under the Continuous Delivery Foundation, leveraging blockchain technology to protect software from vulnerabilities. With over 75% of code in applications derived from open source, Pyrsia aims to bolster developer confidence by ensuring software components are secure and verifiable.

JFrog Ltd (NASDAQ: FROG) has launched JFrog Advanced Security, a pioneering DevSecOps solution designed to enhance software supply chain security. This tool integrates with JFrog's Artifactory and Xray to provide comprehensive security coverage from development to production. With cybercrime costs projected to reach 10.5 trillion dollars by 2025, JFrog aims to address vulnerabilities in open source code and streamline security processes across teams. The platform emphasizes collaboration between developers and security teams, aiming for efficient threat detection and remediation.

JFrog Ltd. (NASDAQ: FROG) announced it will report its third quarter 2022 financial results on November 2, 2022, after market close. A conference call will follow at 2:00 p.m. PT to discuss these results. JFrog focuses on the Liquid Software vision, facilitating seamless software updates and managing the software supply chain lifecycle through its DevOps Platform. With a wide range of clients, including Fortune 100 companies, JFrog's solutions are crucial for modern software development.

JFrog Ltd (NASDAQ: FROG) has announced a partnership with the Rust Foundation to enhance the security of the Rust programming language. The initiative aims to identify and eliminate security threats, providing developers with access to vulnerability data and ongoing threat research. This collaboration aligns with JFrog's ongoing commitment to improving software supply chain security.

The Rust programming language, which has seen its developer base triple to 2.2 million, is recognized for its memory safety and high performance, making it a critical open-source project.

JFrog Ltd. (FROG) reported a 39% year-over-year increase in total revenues for Q2 2022, reaching $67.8 million. Cloud revenues surged 68%, driven by strong demand for hybrid and multi-cloud solutions. The number of customers generating over $100k ARR grew by 56%. Despite revenue growth, GAAP net loss per share was ($0.24), and a GAAP operating loss of ($22.4 million) was reported. The company provided guidance for Q3 2022, projecting revenue between $70.5 million and $71.5 million.

JFrog Ltd (NASDAQ: FROG) will present at the KeyBanc Technology Leadership Forum on August 8, 2022, at 12:00 p.m. ET in Vail, Colorado. The event will be accessible via a live webcast and recorded for later viewing on JFrog's investor relations website. As a leader in DevOps solutions, JFrog enables secure software updates and binary lifecycle management across major cloud providers. The company supports millions of users globally, including many Fortune 100 firms, in their digital transformation journeys.

JFrog Ltd. (NASDAQ: FROG) announced its JFrog Xray now supports AWS Security Hub, enhancing cybersecurity incident management for cloud developers. This integration allows users to centralize and prioritize vulnerability alerts and automate remediation workflows, streamlining security processes. JFrog was recognized under the AWS DevSecOps Competency for its security capabilities. The partnership enables customers to reduce the vendor assessment cycle significantly through AWS Marketplace Vendor Insights, providing validated security profiles.

JFrog Ltd (NASDAQ: FROG) announced it will report its second quarter fiscal 2022 financial results on August 3rd, 2022, after the market closes. The company will hold a conference call at 2:00 p.m. PT to discuss these results. JFrog aims to enhance software development with its DevOps platform, catering to a diverse clientele, including many Fortune 100 firms. This platform facilitates secure and efficient software updates, aligning with JFrog's vision of 'Liquid Software'. For more details, visit their investor page.