Shares rocketed over 20%, marked by a hefty double beat on revenue and earnings.
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Shares rocketed over 20%, marked by a hefty double beat on revenue and earnings.
Dow Jones futures: President Donald Trump says a U.S.-Iran ceasefire is intact despite clashes. Rocket Lab, Cloudflare and IREN are big earnings movers.
Shares in Sunnyvale, Calif.-based company rose an eye-popping 20% Thursday, a day after executives reported an earnings beat.
JFrog raised its full-year outlook after first-quarter earnings and revenue topped Wall Street expectations, with the company saying AI coding agents are driving cloud demand.
A wave of blockbuster earnings in tech is catching a couple software companies, too. Shares in Datadog jumped 31% on Thursday after the company reported 32% year-over-year revenue growth. Cybersecurity provider Fortinet added 20%, after it said it was seeing higher demand for its offerings because of artificial intelligence.
AI ransomware and data centers are both driving up demand for Fortinet’s products, analyst Gray Powell said.