JFrog sees Q3 revenue between $164 mln and $166 mln
Company expects Q3 non-GAAP net income per diluted share between $0.22 and $0.24
JFrog forecasts 2026 revenue between $648 mln and $652 mln
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for JFrog Ltd is $95.00, about 12.4% above its August 5 closing price of $84.52
The stock recently traded at 80 times the next 12-month earnings vs. a P/E of 48 three months ago
What drove the quarter
CLOUD ADOPTION - Co said strong cloud adoption drove Q2 revenue growth
SECURITY DEMAND - Co attributed higher net dollar retention and revenue growth to demand for software supply chain security solutions
AI IMPACT - Co said AI coding agents are accelerating software development, increasing need for trusted security and governance
FROG•
