Movement Alert｜FrogAds, Inc. Intraday Rise 6.36%, strong quarterly results and raised outlook continue to support shares

Market Focus11-11

On November 11, FrogAds, Inc. rose 6.36% in Regular Trading, trading around $109.47 per share, with turnover of $42.51 million.

The move aligns with continued digestion of the company’s stronger-than-expected quarterly results and sharply raised full-year guidance.

For the September quarter, the company reported adjusted EPS of $0.32 versus the $0.23 consensus and revenue of $179.2 million versus expectations of $165.9 million. It guided fourth-quarter adjusted EPS to $0.28-$0.30 on revenue of $183 million-$185 million, both above consensus, and lifted full-year revenue guidance to $680 million-$682 million from $648 million-$652 million and adjusted EPS guidance to $1.14-$1.16 from $0.96-$1.00. Analyst support also improved, with Truist raising its price target to $120 while maintaining a positive stance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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