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JFrog Analysts Slash Their Forecasts Following Weak Q2 Sales
JFrog Ltd. (NASDAQ:FROG) reported worse-than-expected second-quarter revenue results and issued FY24 guidance below estimates on Wednesday.
JFrog reported quarterly earnings of 15 cents per share which beat the analyst consensus estimate of 14 cents per share. The company reported quarterly sales of $103.04 million which missed the analyst consensus estimate of $103.58 million.
“We are on a mission to revolutionize the software industry with a unified platform that encompasses EveryOps and streamlines the software supply chain flow,” said Shlomi Ben Haim, Co-founder and CEO of JFrog. “With the innovative power of our Qwak AI acquisition, JFrog proudly stands as the first to support DevOps, Security, and MLOps in a single platform. We are committed to providing a solution ...