JFrog Ltd.

FROG

Equity

ISIN IL0011684185 / Valor 56801627

NASDAQ (2024-09-16)

USD 28.14+0.54%

JFrog Ltd.
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About company

JFrog Ltd. is a software company that provides tools and services for managing and distributing software packages. Their products help developers automate the process of building, testing, and deploying software applications.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

JFrog Ltd. reported total revenues of $103.0 million for the second quarter of 2024, marking a 22% increase year-over-year. This growth underscores the company's expanding market presence and successful business strategies.

Cloud Revenue Surge

Cloud revenues for JFrog Ltd. in Q2 2024 reached $39.3 million, representing a significant 42% increase compared to the same period last year. Cloud revenue now constitutes 38% of the company's total revenue, up from 33% in the previous year.

Customer Milestones

JFrog Ltd. saw a notable increase in high-value customers during the second quarter of 2024. The number of customers with annual recurring revenue (ARR) greater than $1 million rose to 42, a 75% increase year-over-year, highlighting the company's growing appeal to large enterprises.

Enterprise+ Subscription Growth

Revenue from JFrog Ltd.'s Enterprise+ subscriptions reached $51 million in Q2 2024, up 35% year-over-year. This segment now accounts for 50% of the company's total revenue, compared to 45% in the same quarter last year, indicating strong adoption of their comprehensive platform solutions.

Financial Outlook

For the third quarter of 2024, JFrog Ltd. projects revenue between $105 million and $106 million, with non-GAAP operating income expected to be between $10 million and $11 million. For the full fiscal year 2024, the company anticipates revenue between $422 million and $424 million, reflecting continued growth and market confidence.

Summarized from source with an LLMView Source

Key figures

4.11%1Y

-21.9%3Y

%5Y

Performance

62.5%1Y

56.1%3Y

57.1%5Y

Volatility