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Why JFrog Stock Jumped 13% Today

TheMotleyFool

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JFrog (NASDAQ: FROG) stock surged higher Friday morning, rising by 13% as of 11 a.m. EDT. After the bell on Thursday, the software development tool specialist announced surprisingly strong third-quarter sales and issued a more bullish outlook for the full year.

Sales increased by 38% year over year in Q3, an acceleration over the prior quarter's 34% boost. JFrog noted strength across several key growth metrics, including average contract renewal size, recurring revenue, and the size of the customer base.

Image source: Getty Images.

Source Fool.com

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