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 08, 2024 | 10:10 am
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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-than-expected guidance for FY24 and Q3 are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100