JFrog Ltd. (FROG)
Chart Events
Performance Outlook
| Previous Close | 66.69 |
| Open | 69.00 |
| Bid | 69.38 x 1400 |
| Ask | 69.85 x 1800 |
| Day's Range | 65.51 - 70.96 |
| 52 Week Range | 57.14 - 95.20 |
| Volume | 3,161,413 |
| Avg. Volume | 1,682,042 |
| Market Cap | 6.326B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Nov 04, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 78.33 |
- InvestorPlace
JFrog: Riding The Software Revolution
In mid-September, JFrog (NASDAQ:FROG) pulled off a successful IPO (Initial Public Offering) as the shares spiked 47% on the debut. And this would not be the end of the gains. FROG stock would go on to jump from $65 to $85. Source: Michael Vi / Shutterstock.com But the momentum did not hold up. Keep in mind that FROG stock has since settled to about $58. The market capitalization is $5.3 billion. Volatility is nothing new with red-hot technology stocks.And yes, as for the last month or so, the valuations have gotten frothy and there has been a rotation to other sectors.InvestorPlace - Stock Market News, Stock Advice & Trading Tips But for investors looking at the long-term, the recent selling could be an opportunity. So does this mean that FROG stock is a good value now? Well, let’s get a backgrounder on the company. The Technology The co-founders of JFrog certainly know the challenges for software developers. Before starting the company, they provided custom software development and services for clients. 10 Best Stocks to Buy for Investors Under 30 Through this experience, the co-founders saw that DevOps was often complex because of the myriad tasks, processes and tools. There was also the problems with dealing with an explosion of new cloud native technologies, containers, mobile systems, and so on. Because of this, the co-founders set out to build a platform that allowed for unifying the processes though package management. This meant having a central repository manager for the code. Yet JFrog was not a walled garden either. The focus was on making it integrate with a developer’s own ecosystem. Note that JFrog calls itself the “Switzerland of DevOPs.” The vision for the company is to make it so that software has no versions — known as liquid software. By doing this, there will be improved security, higher performance and much less downtime. The Growth Story The latest earnings report showed the company continues to grow nicely. For Q3, the revenues jumped by 40% to $38.9 million and the free cash flows came to $9.7 million. There is $578 million in the bank. JFrog has also continued to show progress in upselling and cross-selling. Note that there are 313 customers with ARR (Annual Recurring revenues) greater than $100,000 and nine that exceed $1 million. The net dollar retention rate for the past year is an impressive 136%. But despite all this, FROG stock sold off on the earnings news. For the most part, Wall Street had expected even more growth. There are also worries about the competitive environment. The fact is that there are a many tough rivals in the DevOps market like IBM’s (NYSE:IBM) RedHat, Pivotal Software, GitLab, Sonatype, VMware (NYSE:VMW), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT). Bottom Line On FROG Stock Yet even though the competition is a headwind, JFrog still the benefit of being a pioneer of the DeveOps category as well as having a powerful end-to-end platform. The IPO will be another positive because it will provide more visibility. Then there is the long-term growth trends of software development. In the shareholder letter in the S-1, the founders noted the following: “As companies go through digital transformation and software becomes the defining competitive advantage across industries, the world is demanding pure DevOps-enabling, Continuous Software Release Management solutions that make software easier and more secure to deliver in a fully automated fashion. ‘Release fast or die,’ as we like to say. The companies that provide the solutions to handle this expanding volume of global software and make it immediately available anywhere, anytime, for all users, will be the solutions—and companies—that prevail.” Oh, and the market potential is certainly large. JFrog estimates it at about $22 billion. Now it’s truethe company’s stock will remain volatile. But over the long-haul, there is likely to be continued growth as so many companies will have a need for the type of software that JFrog provides. On the date of publication, Tom Taulli did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. Tom Taulli (@ttaulli) is the author of various books on investing and technology, including Artificial Intelligence Basics, High-Profit IPO Strategies and All About Short Selling. He is also the author of courses on topics like the Python language and COBOL. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner Radical New Battery Could Dismantle Oil Markets The post JFrog: Riding The Software Revolution appeared first on InvestorPlace.
- GlobeNewswire
JFrog to Participate at Virtual Investor Conferences in December
SUNNYVALE, Calif., Nov. 24, 2020 (GLOBE NEWSWIRE) -- JFrog, the liquid software company, today announced its participation in the following upcoming investor conferences. * Wells Fargo TMT Summit Presentation: Wednesday, December 2, 2020, at 9:00 am PT * Morgan Stanley Future of Application Development Conference Presentation: Wednesday, December 9, 2020, at 9:45 am PTLive webcasts, as well as replays, will be available on the Company's investor relations website at https://investors.jfrog.com/events-and-presentations/events.About JFrog JFrog is on a “Liquid Software” mission to enable the flow of software seamlessly and securely from the developer’s keystrokes to production. The end-to-end, hybrid JFrog Platform provides the tools and visibility required by modern software development organizations to fully embrace the power of DevOps. JFrog’s universal, multi-cloud DevOps platform is available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. JFrog is trusted by millions of users and thousands of customers, including a majority of the Fortune 100 companies that depend on JFrog solutions to manage their mission-critical software delivery pipelines. JFrog has offices across North America, Europe, and Asia. Learn more at jfrog.com.Investor Contact: JoAnn Horne jhorne@marketstreetpartners.com 415-445-3240
- MarketWatch
JFrog's stock falls after early release of 25% of locked-up shares
Shares of JFrog Ltd. fell 4.0% in premarket trading Monday, after the software company that went public in mid-September announced the early lock-up release of one-quarter of the locked-up shares. The company said the price and other conditions of the early release were satisfied on Nov. 20, meaning 25% of the shares subject to lock up will be eligible for sale as of the Nov. 25 opening bell. In JFrog's filing for its initial public offering, the company said 88% of its outstanding ordinary shares would be locked up, or not eligible for sale, for 180 days. At that time, the company said it had 88.68 million ordinary shares outstanding after the IPO. Nov. 25 is 70 days after the stock started trading on Sept. 16, which priced at $44. The stock has lost 5.8% since the Sept. 16 close through Friday, while the S&P 500 has gained 5.1% over the same time.
