JFrog Ltd. (FROG) Thoughts from Morgan Stanley's TMT Conference

JFrog Ltd. (NASDAQ: FROG) CEO, Shlomi, Ben Haim, and CFO, Jacob Schulman highlighted reiterated confidence in FY21 guidance calling for 30-35% growth and sustaining ~130% net retention rate as well as the long-term growth opportunity around DevOps and DevSecOps.

The analyst stated "Management sees sustained demand for a complete build-to-deploy solution that automates and secures software updates to the edge which could help the company further penetrate its large enterprise customer base. With the free multi-product subscription tier creating a large funnel for future customer base growth, JFrog is well positioned to see re-acceleration in the pace of new customer acquisition as well as multiproduct platform adoption as budget headwinds subside in 2021. More specifically, our conversation centered on 1) the demand and defensibility for JFrog Artifactory, 2) the growth opportunity for DevSecOps and JFrog Xray, 3) the attractive value proposition and growing adoption of JFrog's end-to-end DevOps platform, or Enterprise Plus subscription, and 4) the focus on ramping customer base using the free subscription tier as demand generation funnel".

You May Also Be Interested In

• Citizens Starts MARA Holdings Inc (MARA) at Market Outperform
• Kepler Cheuvreux Upgrades BAE Systems (BA:LN) (BAESY) to Buy
• St. James's Place plc (STJ:LN) (STJPF) PT Raised to GBP20.50 at Deutsche Bank