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JFrog Ltd. (FROG) Hits Fresh High: Is There Still Room to Run?

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A strong stock as of late has been JFrog Ltd. (FROG - Free Report) . Shares have been marching higher, with the stock up 9.3% over the past month. The stock hit a new 52-week high of $108.59 in the previous session. JFrog has gained 73.2% since the start of the year compared to the 7.2% gain for the Zacks Computer and Technology sector and the -2.8% return for the Zacks Internet - Software industry.

What's Driving the Outperformance?

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 5, 2026, JFrog reported EPS of $0.32 versus consensus estimate of $0.23.

For the current fiscal year, JFrog is expected to post earnings of $1.02 per share on $671.15 in revenues. This represents a 24.39% change in EPS on a 26.19% change in revenues. For the next fiscal year, the company is expected to earn $1.19 per share on $796.54 in revenues. This represents a year-over-year change of 17.16% and 18.68%, respectively.

Valuation Metrics

While JFrog has moved to its 52-week high over the past few weeks, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.

On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.

JFrog has a Value Score of D. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B.

In terms of its value breakdown, the stock currently trades at 106.4X current fiscal year EPS estimates, which is a premium to the peer industry average of 20.6X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.

Zacks Rank

We also need to consider the stock's Zacks Rank, as this is even more important than the company's VGM Score. Fortunately, JFrog currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.

Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if JFrog passes the test. Thus, it seems as though JFrog shares could still be poised for more gains ahead.

How Does FROG Stack Up to the Competition?

Shares of FROG have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is 8x8 Inc (EGHT - Free Report) . EGHT has a Zacks Rank of #2 (Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of C.

Earnings were strong last quarter. 8x8 Inc beat our consensus estimate by 50.00%, and for the current fiscal year, EGHT is expected to post earnings of $0.37 per share on revenue of $760.49 million.

Shares of 8x8 Inc have gained 6.4% over the past month, and currently trade at a forward P/E of 5.95X and a P/CF of 2.96X.

The Internet - Software industry is in the top 36% of all the industries we have in our universe, so it looks like there are some nice tailwinds for FROG and EGHT, even beyond their own solid fundamental situation.

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