Why JFrog Stock Was Down This Week
JFrog (NASDAQ: FROG) shares underperformed the market this week, falling 7% through Thursday trading compared to a 0.7% decline in the wider market, according to data provided by S&P Global Market Intelligence. The drop wasn't enough to put the software development services company in negative territory for the year, though, as shares are still up over 10% since early January.
This week's dip came as investors digested the latest earnings update from management.
Executives said on Wednesday that sales rose 29% in the fourth-quarter selling period that ended in late December. That result was just below the 30% boost that most investors were expecting. JFrog posted significant operating losses, consistent with its current growth focus.
Source Fool.com
