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Here's Why JFrog's Stock Could Still Be Too Hot to Handle

TheMotleyFool

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Here's Why JFrog's Stock Could Still Be Too Hot to Handle

JFrog's (NASDAQ: FROG) stock recently dipped after the software company posted its first quarterly report since its IPO in September.

Its revenue rose 40% year over year to $38.9 million in the third quarter, beating estimates by $1 million. Its adjusted net income surged 98% to $5.3 million, or $0.05 per share, clearing estimates by a nickel.

JFrog expects its revenue to rise 42%-43% for the full year, marking a slowdown from its 65% growth last year but beating expectations for 41% growth. On the bottom line, it expects to post an adjusted profit of $0.11-$0.13 per share, well above expectations of $0.07 per share.

Source Fool.com

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