Stock Market

Jfrog surpassed earnings by $0.07 and exceeded revenue expectations.

InvestingPro: Jfrog Earnings Beat Expectations with Strong Revenue Numbers

Financial Performance

Jfrog (NASDAQ: ) recently reported fourth-quarter earnings, surpassing analyst expectations. The company’s earnings per share (EPS) stood at $0.19, exceeding the estimated $0.12, and its revenue for the quarter reached $97.3M, compared to the consensus estimate of $93.07M.

Guidance for 2024

Jfrog has provided guidance for the first quarter of 2024, projecting an EPS range of $0.13 to $0.15, higher than the analyst consensus of $0.11. Additionally, the company forecasts revenue between $98.00M and $99.00M, surpassing the analyst consensus of $97.32M. For the full year 2024, Jfrog anticipates an EPS of $0.58 to $0.60 and revenue ranging from $424.00M to $428.00M, both ahead of analyst expectations.

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Stock Performance and Reactions

Following the earnings release, Jfrog’s stock price closed at $37.09, reflecting significant growth of 39.65% over the last 3 months and an impressive 57.56% increase over the last 12 months. The company also experienced 13 positive EPS revisions and 0 negative revisions in the last 90 days, indicating strong market sentiment. For those interested in historical stock price reactions to earnings, Jfrog’s past performance can be reviewed here.

Financial Health and Reports

According to InvestingPro, Jfrog’s Financial Health score is categorized as “fair performance”. This insight provides a snapshot of the company’s overall financial stability and growth potential. Investors can explore Jfrog’s financials here.

Stay Updated

To stay informed about upcoming earnings reports and economic events, visit Investing.com’s comprehensive earnings calendar. This resource offers valuable information for individuals seeking to stay current with market developments.

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