JFrog Ltd. (FROG) Gets Rosy Prospects From Increasing Cyberattacks, Shares Soar 35%

JFrog Ltd. (NASDAQ:FROG) is one of the 10 Stocks With Effortless 18-42% Gains.

JFrog Ltd. saw its share price rise by 35.33 percent on Friday to end at $100.98 apiece, as investors took heart from its solid earnings performance in the third quarter of the year, thanks to the strengthening demand for cybersecurity services.

The company said in an earnings call on the same day that it swung to a net profit of $6.55 million from a $16.4 million net loss in the same period last year, while total subscription revenues increased by 30.7 percent to $179.17 million from $136.9 million year-on-year, as more businesses subscribe to cybersecurity services amid the increasing incidents of hacking.

Photo by Tima Miroshnichenko on Pexels

Cloud revenues, which represented 57 percent of the total revenues, amounted to $101.5 million, or an increase of 60 percent year-on-year.

Meanwhile, license revenues were down to $7.57 million, slightly lower than the $8.015 million from the comparable period.

Following the results, JFrog Ltd. raised its revenue outlook for full-year 2026 to a range of $680 million to $682 million, or an implied growth of 28 percent from $531.8 million year-on-year.

Non-GAAP net income per diluted share is expected at $1.14 to $1.16, assuming approximately 129 million weighted average diluted shares outstanding.

For the fourth quarter, revenues are projected at $183 million to $185 million, marking a jump of 25.9 percent to 27 percent from $145.3 million in the same period last year.

Non-GAAP net income per diluted share is projected at $0.28 to $0.30, assuming approximately 131 million weighted average diluted shares outstanding.

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