JFrog Sinks Almost 25% After Hours on Q2 Revenue Miss and Poorly Received Guidance

FROG fell 24.2% to $25.82 shortly before 5:15 p.m. ET after the company said revenues came in at $103.04 million, slightly missing analysts’ $103.58 million consensus estimate.

JFrog also guided earnings per share for 2024 as a whole to $0.54-$0.56 on $422 million-$424 million of revenues, trailing analysts' consensus forecast of $0.60 EPS and $428.3 million of revenues.

Those misses offset JFrog's Q2 EPS, which totaled $0.15 – beating the $0.14 that analysts' consensus had called for.