JFrog Sees FY23 Adj EPS $0.44-$0.45 Vs $0.32 Est.; Revenue $345.1M-$346.1M Vs $344.49M Est.
Portfolio Pulse from Benzinga Newsdesk
JFrog has projected its FY23 adjusted EPS to be between $0.44 and $0.45, higher than the estimated $0.32. The company also expects its revenue to be between $345.1M and $346.1M, slightly above the estimated $344.49M.
November 01, 2023 | 9:14 pm
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POSITIVE IMPACT
JFrog's higher than expected FY23 adjusted EPS and revenue forecasts could potentially boost investor confidence and positively impact its stock price in the short term.
JFrog's FY23 adjusted EPS and revenue forecasts are higher than estimates. This positive financial outlook could increase investor confidence in the company's performance, potentially leading to an increase in demand for its stock and a rise in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100