Jfrog Ltd Stock Price, News & Analysis

JFrog Ltd has announced Project Pyrsia, a collaborative initiative with Docker, DeployHub, Futurewei, and Oracle, aimed at establishing a decentralized network utilizing blockchain technology to enhance the security of open-source software packages. This open-source project seeks to validate the provenance and integrity of software binaries, responding to the rising threats of software supply chain attacks. Available immediately for sign-ups, Pyrsia aims to provide developers with tools for securely managing software dependencies, ensuring trustworthiness without complicating existing workflows.

JFrog Ltd (NASDAQ: FROG) has launched JFrog Connect, a solution for managing and securing Linux and IoT devices at scale. The product ensures automated and secure software updates, addressing the challenges of operational workflows in distributed environments. By integrating with the JFrog Platform, it promotes continuous delivery and enhances vulnerability management. Key features include over-the-air updates, automatic rollback, and comprehensive monitoring. JFrog Connect is poised to improve security and efficiency for various industries, including retail, energy, and manufacturing.

JFrog Ltd (NASDAQ:FROG), the Liquid Software Company, announced its participation in several investor conferences in Q2 2022. Key events include the JP Morgan Global Technology Conference in Boston on May 23 at 11:20 a.m. ET, William Blair Growth Conference in Chicago on June 6 at 1:20 p.m. CT, and the Stifel Cross Sector Insight Conference on June 7 at 9:45 a.m. CT. Additionally, they will attend the Bank of America Global Technology Conference in San Francisco on June 9 at 11:45 a.m. PT. Live webcasts will be available on JFrog’s investor relations website.

JFrog Ltd. (NASDAQ: FROG) has launched a new Docker Desktop Extension for JFrog Xray aimed at helping developers by performing early vulnerability scanning and violation flagging in the software lifecycle. Available through a free tier subscription, this integration enhances productivity, reduces risks, and accelerates deployment. In light of increasing software supply chain attacks, the partnership with Docker empowers developers to address security vulnerabilities swiftly. The extension offers features like auditing security and conducting forensic investigations on Docker containers.

JFrog Ltd. reported first-quarter revenue of $63.7 million, a 41% increase year-over-year, with cloud revenues rising 63%. Their customer base expanded, with 599 customers having annual recurring revenue (ARR) over $100k, representing a 52% growth. Gross profit was $49.8 million, yielding a gross margin of 78.2%. The company anticipates Q2 revenue between $65 million and $66 million and fiscal year revenue guidance of $276.5 million to $278.5 million.

JFrog Ltd. announced support for Terraform in its Artifactory platform, enhancing developers' workflows across cloud platforms. This feature promotes a cohesive approach to managing Infrastructure-as-Code (IaC) configurations. By integrating Terraform, JFrog Artifactory will enable reliable, traceable management of cloud infrastructure, minimizing operational drift. The support for Terraform files is available immediately, aiming to consolidate DevOps processes while ensuring continuous software delivery.

JFrog Ltd has appointed Kelly Hartman, a former leader at IBM, AWS, and Cisco, as the new Senior Vice President of Channels and Alliances. Hartman will focus on expanding JFrog's growth through technology alliances and partnerships. She brings substantial experience in channel strategy and ecosystem development, having previously led the Red Hat Marketplace ecosystem at IBM and the AWS Partner Network initiatives. This strategic hire aims to strengthen JFrog's position in the DevOps sector.

JFrog Ltd (NASDAQ: FROG) will announce its first quarter fiscal year 2022 financial results on May 9, 2022, post-market close. A conference call is scheduled for 2:00 p.m. PT to discuss the results. The company is known for its JFrog DevOps Platform, which supports software supply chains for numerous clients, including many Fortune 100 companies. JFrog aims to enhance software updates through its 'Liquid Software' vision, facilitating secure and efficient binary management in various cloud environments.

JFrog Ltd. has announced a partnership with Softline India to enhance digital transformation and software supply chain security in India. This collaboration enables Indian organizations to access the JFrog DevOps Platform and benefit from Softline's consulting services, focusing on secure asset management and vulnerability management. The Indian DevOps market is projected to grow at a CAGR of 14% from 2020 to 2025, reflecting increasing demand for scalable solutions in software delivery. This partnership aims to meet the evolving needs of businesses across various sectors.