JFrog Sees FY24 Adj. EPS $0.59-$0.61 Vs $0.60 Est.; Revenue $425.5M-$429.5M Vs $426.888M Est.
Portfolio Pulse from Benzinga Newsdesk
JFrog projects its FY24 adjusted EPS to be between $0.59 and $0.61, closely aligning with the $0.60 estimate. The company also forecasts revenue to range from $425.5M to $429.5M, which is in line with the estimated $426.888M.
May 09, 2024 | 8:16 pm
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POSITIVE IMPACT
JFrog's FY24 earnings and revenue projections closely match analyst estimates, indicating stability and potential growth.
JFrog's guidance for FY24 is closely aligned with analyst expectations, suggesting that the company is on track to meet or slightly exceed these forecasts. This alignment typically instills confidence in investors, potentially leading to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90