Added Frog for a monitoring position.
Its share price is above 5 days average and trading volume is higher than the daily average, indicating a slight increase that suggests accumulation.
JFrog Ltd. (FROG) delivered impressive Q3 2024 results, reporting $109.1 million in revenue, a 23% increase year-over-year, driven by strong demand for its products and services. The company achieved a GAAP Gross Margin of 75% and a Non-GAAP Gross Margin of 82.8%, indicating effective cost management and pricing strategies. Despite a GAAP Operating Loss of $29.9 million, the Non-GAAP Operating Income of $14.7 million highlights operational profitability when excluding certain expenses.
Notably, cloud revenue surged 38% to $42.4 million, now comprising 39% of total revenue. The increase in high-value customers further underscores JFrog's growth potential, with those generating over $1 million ARR rising to 46. Looking ahead, JFrog projects Q4 revenue between $113.5 million and $114.5 million, reinforcing confidence in its growth trajectory amidst a competitive landscape.
Modify on 2024-12-05 01:32
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