Shares of JFrog advanced 11.8% midday after the company reported second-quarter results that topped expectations and introduced a new security product that integrates with leading SASE providers.
The company’s Q2 revenue rose 29% year-over-year to $163.8 million, while adjusted diluted earnings per share reached $0.27, exceeding consensus estimates. Management also raised its full-year revenue guidance to a midpoint of $650 million, up from prior expectations.
JFrog’s stock reached a new 52-week high of $103.85 during the session, compared with a 52-week low of $34.05. RBC Capital Markets initiated coverage with an Outperform rating and a $118 price target. The broader market also contributed to the gains, with the NASDAQ up 1.4% and the S&P 500 rising 0.7%.
The surge followed the launch of JFrog Traffic Controller, a product designed to redirect software package downloads through JFrog Artifactory for inspection and filtering. The offering integrates with SASE providers such as Zscaler, Cloudflare, and Netskope, enabling security, license, and quality checks before packages reach developer environments.
JFrog highlighted a 451% year-over-year increase in malicious software packages, totaling over 171,000 unique instances. The new product expands the company’s software supply chain security platform from the development pipeline to the network layer, aligning with DevGovOps and DevSecOps frameworks enhanced by artificial intelligence.
