I have been watching FROG since the Power Earnings Gap on Nov 2nd. It pulled in nicely and I should have bought it on Nov 13, but I missed it. It has since pulled back again and looks to be breaking out of this consolidation area.
I have started a ¼ size position with a stop below today’s low. I will look to add if it can follow thru without stopping me out this week. All TBD.
They did miss on earnings but beat on revenue. Although they missed, the earnings growth was 47.4% and revenue grew by 23.1%
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
From earningswhispers.com : JFrog Missed Consensus Estimates Wednesday, November 1, 2023 at 4:07 PM ET JFrog (FROG) reported a loss of $0.10 per share on revenue of $88.64 million for the third quarter ended September 2023. The consensus estimate was a loss of $0.08 per share on revenue of $87.56 million. The company missed consensus estimates by 25.00% while revenue grew 23.12% on a year-over-year basis.
The company said it expects fourth quarter non-GAAP earnings of $0.12 to $0.13 per share on revenue of $92.50 million to $93.50 million. The current consensus earnings estimate is $0.08 per share on revenue of $92.93 million for the quarter ending December 31, 2023.
JFrog, the creator of the DevOps platform, is on a “Liquid Software” mission to enable the flow of software seamlessly and securely from the developer’s keystrokes to production.
手動でトレードを終了しました
FROG - Closed this one as market is wonky today. I took a $0.37 loss per share. Back on watchlist. Market today all over due to fed speakers.