JFrog Expects FY24 Total Revenues Of $424M-$428M (Est $421.768M), Adj EPS Of $0.58-$0.60 (Est $0.52)
Portfolio Pulse from Benzinga Newsdesk
JFrog, a DevOps software company, has provided its financial outlook for FY24, projecting total revenues to be between $424M-$428M, surpassing the estimated $421.768M. Additionally, the company anticipates its adjusted EPS (Earnings Per Share) to range from $0.58 to $0.60, exceeding the estimated $0.52.
February 14, 2024 | 9:26 pm
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POSITIVE IMPACT
JFrog's FY24 revenue and EPS forecasts exceed analyst expectations, indicating potential growth and profitability.
JFrog's higher-than-expected revenue and EPS forecasts for FY24 suggest the company is on a path of growth and profitability, which could positively influence investor sentiment and stock price in the short term. The surpassing of analyst estimates typically leads to positive market reactions, hence the positive score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100