Jfrog Ltd Stock Price, News & Analysis

JFrog Ltd. (FROG) reported strong financial performance for the fourth quarter and fiscal year 2022. Total revenues reached $280 million, a 35% increase year-over-year, while cloud revenues surged 60% to $80 million. In Q4, revenues hit $76.5 million, up 29% year-over-year, with a gross margin of 77.4%. Despite a GAAP operating loss of $24.9 million, the company maintained a positive outlook for 2023, projecting revenues between $340-$344 million. Customer metrics showed significant growth, including a 37% increase in $100K ARR customers, indicating robust demand for JFrog's Software Supply Chain Platform.

JFrog Ltd (NASDAQ: FROG) released its inaugural Software Artifact State of the Union Report, showcasing trends in software development. The report highlights a remarkable 1.3 million container repositories and a 67% surge in the use of Rust (Cargo), alongside a 37% increase in Conan adoption. Key findings suggest a shift towards memory-safe programming languages, the growing significance of IoT and edge computing, and a dramatic rise in container usage, aligning with the development of blockchain and metaverse applications.

The report urges technology leaders to invest in these emerging trends to remain competitive in 2023 and beyond.

JFrog Ltd. (NASDAQ: FROG) announced it will report its financial results for Q4 and fiscal year 2022 on February 8, 2023, after market close. A conference call will follow at 2:00 p.m. PT. The company is recognized for its DevOps Platform, enabling seamless software updates across various environments. With a mission to power software updates globally, JFrog supports millions of users, including many from the FORTUNE 100. Investors can register for the webcast to gain insights into the financial performance and future outlook.

JFrog Ltd (NASDAQ: FROG) announced that CFO Jacob Shulman will present virtually at the 25th Annual Needham Growth Conference on January 12, 2023, at 3:00 p.m. ET. The presentation will be accessible via a live webcast on JFrog’s investor relations website. JFrog is focused on providing a comprehensive DevOps platform that supports software updates and digital transformation for companies worldwide, including many Fortune 100 organizations.

JFrog Ltd. (NASDAQ: FROG) has announced its participation in key investor conferences during Q4 2022. Events include the Credit Suisse Technology Conference on November 29 at 1:40 PM MST in Scottsdale, Arizona, the Wells Fargo TMT Summit on November 30 at 1:10 PM PST in Las Vegas, Nevada, and the NASDAQ Investor Conference on December 7 at 2:00 PM GMT in London, UK. Live webcasts will be available on JFrog's investor relations website. JFrog continues to lead in software updates through its DevOps platform, supporting thousands of customers, including many Fortune 100 companies.

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.