What's Going On With JFrog Stock After Earnings?
Portfolio Pulse from Erica Kollmann
JFrog Ltd. (NASDAQ:FROG) shares are falling after the company reported worse-than-expected Q2 revenue and issued lower-than-expected guidance for Q3 and the full year. Multiple analysts have downgraded the stock or lowered their price targets.
August 08, 2024 | 4:41 pm
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JFrog reported Q2 earnings of 15 cents per share on sales of $103.04 million, missing the consensus estimate. The company issued lower-than-expected guidance for Q3 and the full year. Analysts have downgraded the stock or lowered their price targets.
The company's Q2 revenue miss and lower-than-expected guidance for Q3 and the full year have led to a significant drop in share price. Multiple analysts have downgraded the stock or lowered their price targets, indicating a negative short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100