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SUNNYVALE, Calif. & NEW YORK - JFrog Ltd (NASDAQ:FROG), a prominent software supply chain company, has announced the general availability of its integration with NVIDIA (NASDAQ:NVDA)’s NIM microservices, enhancing the deployment of AI and machine learning models with a focus on security and efficiency. This collaboration aims to address the challenges faced by developers in deploying AI-powered applications, providing a unified DevSecOps and MLOps solution with enterprise-grade security and governance controls.
The integration allows for rapid deployment of pre-approved machine learning models and large language models (LLMs), such as Meta (NASDAQ:META)’s Llama 3 and Mistral AI, optimized for NVIDIA’s computing infrastructure. It is designed to streamline the process for developers, offering a single source of truth for software models and tools via JFrog Artifactory, part of the JFrog Platform. The company’s strong execution is reflected in its robust revenue growth of 22.47% over the last twelve months, with analysts forecasting continued growth of 17% for the upcoming fiscal year.
Gal Marder, Chief Strategy Officer at JFrog, emphasized the growing demand for secure AI implementations and the complexities involved in securing, deploying, and managing AI-powered applications. The partnership with NVIDIA is set to provide an easy-to-deploy solution that accelerates the delivery of AI/ML models with necessary security and compliance.
The JFrog Platform update promises multiple benefits for AI developers and DevSecOps teams, including unified workflows, end-to-end security, and exceptional model performance and scalability. It supports continuous security scanning across containers, AI models, and dependencies, delivering insights to identify vulnerabilities and protect against compromised AI models and packages.
Pat Lee, vice president of Enterprise Strategic Partnerships at NVIDIA, highlighted the importance of performance and security for successful enterprise AI deployments. The direct integration of NVIDIA NIM into the JFrog Platform is expected to facilitate the adoption of AI with a comprehensive solution for building, deploying, and managing production AI agents at scale.
The JFrog and NVIDIA NIM integration will be showcased at NVIDIA GTC, the premier AI conference, taking place from March 17-21 in San Jose, California. For a deeper understanding of the integration, interested parties can access further information on JFrog’s official website.
This news is based on a press release statement and aims to provide a factual report on the new integration between JFrog and NVIDIA. For investors seeking deeper insights into JFrog’s financial health and growth prospects, InvestingPro offers comprehensive analysis through its Pro Research Report, including detailed metrics, expert analysis, and additional ProTips that can help inform investment decisions in the rapidly evolving AI technology sector.
In other recent news, JFrog has reported notable financial achievements and received positive attention from several analyst firms. The company announced fourth-quarter results that exceeded expectations, with adjusted earnings per share reaching $0.19, surpassing the consensus estimate of $0.14. Revenue for the quarter was $116.1 million, marking a 19% year-over-year increase and exceeding Wall Street’s forecast of $114.25 million. JFrog’s cloud revenue, a significant growth driver, surged 37% year-over-year, contributing to the company’s strong performance.
In response to these results, DA Davidson raised its price target for JFrog to $50, maintaining a Buy rating, while highlighting cloud migrations and security adoption as key growth factors. Similarly, Needham increased its price target to $46, citing a 22% year-over-year increase in Billings and a 55% rise in Remaining Performance Obligations. Cantor Fitzgerald also raised its price target to $46, noting JFrog’s impressive financial performance and robust future guidance.
JFrog’s outlook for 2025 includes a projected revenue growth of 16%-17% year-over-year, which has been described as conservative but still surpasses the midpoint of sell-side projections. The company’s management has expressed a cautious stance on future guidance due to volatility in large deal closures. However, the positive quarterly results and optimistic future projections have reinforced analyst confidence in JFrog’s financial trajectory.
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