JFrog Ltd (NASDAQ:FROG) on Thursday reported better-than-expected second-quarter financial results.
JFrog reported quarterly earnings of 27 cents per share which beat the analyst consensus estimate of 24 cents per share. The company reported quarterly sales of $163.772 million which beat the analyst consensus estimate of $155.637 million.
JFrog raised its FY2026 adjusted EPS guidance from $0.93-$0.97 to $0.96-$1.00 and also increased sales guidance from $628.000 million-$632.000 million to $648.000 million-$652.000 million.
“Q2 reflected the strength of our strategy and the disciplined execution of the JFrog team,” said Shlomi Ben Haim, CEO and Co-founder of JFrog. “AI is fundamentally reshaping how software is created, accelerating the volume of software artifacts flowing into production and increasing the need for trusted security, governance, and distribution. As enterprises standardize on JFrog as their Software Supply Chain System of Record, we continue to benefit from strong cloud adoption and growing demand for our security solutions. With AI coding agents accelerating software development, and increasingly sophisticated cyber threats raising the bar for trust, we believe JFrog is well positioned to capture this long-term opportunity while continuing to execute with discipline and efficiency.”
JFrog shares rose 17.2% to $97.35 in pre-market trading.
These analysts made changes to their price targets on JFrog following earnings announcement.
- BTIG analyst Nick Altmann maintained the stock with a Buy and raised the price target from $100 to $115.
- Needham analyst Mike Cikos maintained the stock with a Buy and raised the price target from $80 to $115.
Considering buying FROG stock? Here’s what analysts think:
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