We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
JFrog (FROG) Collaborates With Microsoft Teams for Artifactory
Read MoreHide Full Article
JFrog (FROG - Free Report) recently announced a new partnership with Microsoft (MSFT - Free Report) Teams collaboration platform for its binary repository solution Artifactory and security solution Xray.
The recent integration will make these two solutions available in Microsoft Teams immediately and provide organizations the ability to view Artifact, Artifact Properties, Docker, release Bundle, Distribution and Build events through notifications and actionable cards inside the Microsoft teams browser.
Microsoft is enhancing its workspace communication offering — Teams — with a slew of new capabilities enabling users to benefit from the hybrid work culture, which is currently in trend. These initiatives are driving the subscriber base for Microsoft, and JFrog is looking to benefit from this with its recent integration.
JFrog’s partnership with Microsoft Teams is in sync with the company’s strategic goal to empower developers with solutions, which enable efficient, cross-team communications on platforms they are already using while reducing security vulnerabilities.
JFrog is investing heavily in building its enterprise-grade platform, securities solutions and cloud offerings to attract new customers and drive higher consumption. Amid stiff competition, the company is building a top-down selling approach by strategically expanding the selling opportunity by collaborating with certain key partners and channels like Microsoft, Amazon (AMZN - Free Report) and Alphabet’s (GOOGL - Free Report) Google cloud.
JFrog’s Top-down Selling Approach to Drive Top Line
The company's shares have been suffering due to bearish investor sentiments stemming from apprehensions regarding the prospects of Internet-based stocks as economies started reopening after coronavirus-induced lockdowns and restrictions were lifted globally. Macro-economic challenges, including rising inflation and the Russia-Ukraine conflict, have reflected negatively on the share price movement.
JFrog’s shares have slumped 50.1% in the year-to-date period reflecting negative sentiments among traders for the overall industry, with the Zacks Internet Software industry declining 61.5%.
JFrog’s top-down selling approach will help the company indirectly gain access to potential customers with its strategic partnerships and bolster its customer growth. This, in turn, will help it counter the scenario.
JFrog recently partnered with Amazon’s Web services (AWS) to support their game initiatives. The company has also chosen AWS as one of its key DevOps partners. The integration with AWS will benefit JFrog’s already existent customers, like gaming platform Ubisoft with combined services from AWS and JFrog.
JFrog recently collaborated with Google and integrated its Artifactory solutions with Google Cloud Build. This will help developers to build software faster across different languages on the Google Cloud Platform.
The recent integration with different platforms is anticipated to drive JFrog’s customer base, which will impact the top line positively in the coming quarters. This, in turn, will help the company achieve its 30% plus revenue growth goal for the foreseeable future.
Image: Bigstock
JFrog (FROG) Collaborates With Microsoft Teams for Artifactory
JFrog (FROG - Free Report) recently announced a new partnership with Microsoft (MSFT - Free Report) Teams collaboration platform for its binary repository solution Artifactory and security solution Xray.
The recent integration will make these two solutions available in Microsoft Teams immediately and provide organizations the ability to view Artifact, Artifact Properties, Docker, release Bundle, Distribution and Build events through notifications and actionable cards inside the Microsoft teams browser.
Microsoft is enhancing its workspace communication offering — Teams — with a slew of new capabilities enabling users to benefit from the hybrid work culture, which is currently in trend. These initiatives are driving the subscriber base for Microsoft, and JFrog is looking to benefit from this with its recent integration.
JFrog’s partnership with Microsoft Teams is in sync with the company’s strategic goal to empower developers with solutions, which enable efficient, cross-team communications on platforms they are already using while reducing security vulnerabilities.
JFrog is investing heavily in building its enterprise-grade platform, securities solutions and cloud offerings to attract new customers and drive higher consumption. Amid stiff competition, the company is building a top-down selling approach by strategically expanding the selling opportunity by collaborating with certain key partners and channels like Microsoft, Amazon (AMZN - Free Report) and Alphabet’s (GOOGL - Free Report) Google cloud.
JFrog Ltd. Price and Consensus
JFrog Ltd. price-consensus-chart | JFrog Ltd. Quote
JFrog’s Top-down Selling Approach to Drive Top Line
The company's shares have been suffering due to bearish investor sentiments stemming from apprehensions regarding the prospects of Internet-based stocks as economies started reopening after coronavirus-induced lockdowns and restrictions were lifted globally. Macro-economic challenges, including rising inflation and the Russia-Ukraine conflict, have reflected negatively on the share price movement.
JFrog’s shares have slumped 50.1% in the year-to-date period reflecting negative sentiments among traders for the overall industry, with the Zacks Internet Software industry declining 61.5%.
JFrog’s top-down selling approach will help the company indirectly gain access to potential customers with its strategic partnerships and bolster its customer growth. This, in turn, will help it counter the scenario.
JFrog recently partnered with Amazon’s Web services (AWS) to support their game initiatives. The company has also chosen AWS as one of its key DevOps partners. The integration with AWS will benefit JFrog’s already existent customers, like gaming platform Ubisoft with combined services from AWS and JFrog.
JFrog recently collaborated with Google and integrated its Artifactory solutions with Google Cloud Build. This will help developers to build software faster across different languages on the Google Cloud Platform.
The recent integration with different platforms is anticipated to drive JFrog’s customer base, which will impact the top line positively in the coming quarters. This, in turn, will help the company achieve its 30% plus revenue growth goal for the foreseeable future.
JFrog currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.