They didn't blow away their numbers. You have to when expectations are so high (this is a speculative stock). Even Adobe blew away numbers last night, but sold off today.
IPO'd today. Likes it. It was priced at $44, opened at $71, pulled back to $51 and closed at $64.79. FROG is a cloud platform for development operations (dev ops) which means it allows engineers to collaborate between departments within a company. They bridge between the development and operation teams. FROG customers include Facebook, Spotify, Google, Netflix, Cisco, Oracle and Dell. It boasted 65% revenue growth in 2019 and 50% the first half of this year, based on recurring subscription revenue for its services. First half this year came within $500K to break even, so debt is lowering. He expects them to be profitable in 2021. Has a lot going for it, but its valuation is already at nosebleed levels. A great stock, but too high already.
JFrog Ltd. is a American stock, trading under the symbol FROG-Q on the NASDAQ (FROG). It is usually referred to as NASDAQ:FROG or FROG-Q
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On 2023-10-02, JFrog Ltd. (FROG-Q) stock closed at a price of $25.48.