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SUNNYVALE, Calif. - JFrog Ltd. (NASDAQ:FROG), a $5.89 billion market cap software company trading near its 52-week high, announced JFrog AppTrust on Tuesday, a new solution designed to help companies automate and manage compliance requirements across their software supply chain. According to InvestingPro data, JFrog maintains a strong financial position with more cash than debt on its balance sheet.
The platform-native release management solution provides evidence-based insights for software supply chain security, compliance, and integrity by creating a single source of truth using verified, signed evidence and automated policy enforcement. With a robust gross profit margin of 75.5% and revenue growth of 22% in the last twelve months, JFrog has demonstrated its ability to maintain profitable operations while investing in innovative solutions.
JFrog AppTrust automatically assigns software assets to applications with clear ownership and context, enabling users to visualize interdependencies and identify risk sources. The solution also controls software progression across defined stages according to policies that incorporate security, evidence, and other platform entities.
"Our customers tell us that after DevOps and DevSecOps, the next big challenge in this new reality is compliance - that’s why ’DevGovOps’ must happen," said Shlomi Ben Haim, JFrog CEO and Co-founder, in a press release statement.
The solution integrates with the ServiceNow AI Platform to deliver a unified experience across logic and infrastructure layers during application releases.
"Modern software governance depends on bringing together the right data to make informed, auditable decisions at scale," said Rahul Tripathi, GVP and GM of IT Service Management at ServiceNow.
JFrog has established an evidence partner ecosystem that currently includes Akto, Akuity, CoGuard, Dagger, GitHub, Gradle, NightVision, ServiceNow, Shipyard, Sonar, and Troj.ai, with plans to add more partners over time. Eight analysts have recently revised their earnings estimates upward for the upcoming period, and InvestingPro analysis suggests the company will be profitable this year. For deeper insights into JFrog’s financial health and growth prospects, including 11 additional ProTips and comprehensive valuation metrics, check out the full Pro Research Report available on InvestingPro.
The company states that JFrog AppTrust helps bridge gaps between development speed and trust by enabling teams to work collaboratively while balancing security, compliance, and development velocity.
JFrog AppTrust features include application-context asset assignment, promotion gating, software dependency mapping, cross-team dashboards, vulnerability applicability analysis, and pipeline performance visibility.
In other recent news, JFrog Ltd. has made several significant announcements. The company introduced its Evidence Ecosystem for JFrog AppTrust, partnering with tech firms like GitHub and ServiceNow to create a centralized audit trail system for software development. Additionally, JFrog launched JFrog Fly, an agentic repository designed to enhance software delivery, particularly for development teams utilizing AI tools. This new product aims to simplify the management of software components with features such as semantic release management.
Furthermore, JFrog unveiled an AI model catalog to help enterprises manage AI and machine learning models securely. This catalog provides a centralized repository for AI models from various sources, improving security and compliance controls. On the financial front, BofA Securities raised its price target for JFrog to $60, maintaining a Buy rating, while Truist Securities reiterated its $55 price target, also with a Buy rating. Both firms highlighted JFrog’s strong position in the software supply chain market and its growth potential.
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