JFrog Appoints New CFO, Reaffirms Q3 & FY23 Outlook
Portfolio Pulse from Lekha Gupta
JFrog Ltd (NASDAQ:FROG) has announced the appointment of Ed Grabscheid as the new CFO, effective from January 1, 2024. Grabscheid, currently serving as FROG's Vice President of Finance, will replace Jacob Shulman. The company also reaffirmed its Q3 and FY23 outlook, projecting revenues of $343.5 million-$345.5 million and adjusted EPS of $0.26-$0.28 for FY23.
September 29, 2023 | 12:38 pm
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NEUTRAL IMPACT
JFrog's new CFO appointment and reaffirmed financial outlook could potentially impact the company's stock.
The appointment of a new CFO is a significant event for a company and can impact investor sentiment. Additionally, reaffirming the financial outlook can provide stability and confidence to investors, potentially impacting the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100