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JFrog Ltd. (FROG) provides DevOps platform in the United States, Israel, and internationally. 
The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.
Its products also consists of JFrog Artifactory Edge that utilizes and leverages metadata from JFrog Artifactory to facilitate the transfer of the incremental changes in software packages from their previous versions; JFrog Mission Control, a platform control panel that provides a view of moving pieces of an organization's software supply chain workflow; JFrog Insight, a DevOps intelligence tool; and JFrog Connect, a device management solution that allows companies to manage software updates and monitor performance in IoT device fleets from anywhere in the world.
Shares are heading hifger in an upward trading channel. Presently, they are at the lower boundary of the said channel. On May 3rd, FROG reported a 1st Quarter March 2023 loss of $0.14 per share on revenue of $79.8 million. The consensus estimate was a loss of $0.10 per share on revenue of $78.4 million. Revenue grew 25.3% on a year-over-year basis.
Guided Higher: The company said it expects second quarter non-GAAP earnings of $0.05 to $0.06 per share on revenue of $82.50 million to $83.50 million. The previous consensus earnings estimate was $0.03 per share on revenue of $82.69 million for the quarter ending June 30, 2023. The company said it expects 2023 non-GAAP earnings of $0.19 to $0.21 per share on revenue of $341.5 million to $345.5 million. The company's previous guidance was earnings of $0.18 to $0.20 per share on revenue of $340.0 million to $344.0 million and the current consensus earnings estimate is $0.18 per share on revenue of $341.92 million for the year ending December 31, 2023.
Entry Point: $27.40
Stop Loss: $25.00
Trading Range: $17.11 to $29.30
Target Price: $30.10
