JFrog shares are trading lower after the company reported worse-than-expected Q2 revenue results. Additionally, the company issued FY24 and Q3 guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
JFrog shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued FY24 and Q3 guidance below estimates.
August 07, 2024 | 8:17 pm
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NEGATIVE IMPACT
JFrog shares are trading lower due to disappointing Q2 revenue results and lower-than-expected FY24 and Q3 guidance.
The company's worse-than-expected Q2 revenue results and lower guidance for FY24 and Q3 are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100