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When JFrog (NASDAQ:FROG) priced its initial public offering at $44, markets valued the company at around $4 billion. The over 60% rally on the day rewarded early investors only. Anyone who bought the stock days after the IPO will not enjoy the same return. And if markets panic on FROG stock valuations, latecomers are at risk of paper losses.
Source: Michael Vi / Shutterstock.com DevOps is a technology leader whose market size will continue expanding. On that basis, investors should consider its long-term prospects despite the early run higher.
FROG Stock Tearing Higher
JFrog raised $405 million from the IPO. The cash raised will allow the company to invest further in research and development. Still, R&D costs fell sharply from $9.88 million in 2018 to $3.64 million in 2019. Sales and marketing, along with general and administrative costs also dropped. This suggests that the company may look for a strategic investment through an acquisition.InvestorPlace...
(Bloomberg) -- U.S. President Donald Trump said in a tweet that he and First Lady Melania Trump tested positive for Covid-19. The president said they will begin “quarantine and recovery process immediately.” The president was tested after Hope Hicks, one of his closest aides, also tested positive.Amazon.com Inc. said close to 20,000 of its employees had tested positive for the virus during the pandemic. A $1 billion funding package to help the U.S. Centers for Disease Control and Prevention fight Covid-19 has remained mostly unspent, people familiar with the matter said.Australia will allow New Zealanders to visit the country without quarantining in an effort to revive tourism. India’s death toll rose to almost 100,000. Germany reported the largest number of new cases since mid-April.Key Developments:Global Tracker: Cases pass 34.1 million; deaths exceed 1 millionHow Russia Shortened the Covid Vaccine Race to Declare VictoryLondoners Told to Act to Stop Covid with City...
(Bloomberg) -- U.S. President Donald Trump said he would begin self-quarantine while waiting for coronavirus test results after Hope Hicks, one of his closest aides, tested positive for Covid-19. Hicks traveled with Trump aboard Air Force One to and from the presidential debate in Cleveland on Tuesday.Amazon.com Inc. said close to 20,000 of its employees had tested positive for the virus during the pandemic. A $1 billion funding package to help the U.S. Centers for Disease Control and Prevention fight Covid-19 has remained mostly unspent, people familiar with the matter said.Australia will allow New Zealanders to visit the country without quarantining in an effort to revive tourism. India’s death toll rose to almost 100,000.Key Developments:Global Tracker: Cases pass 34.1 million; deaths exceed 1 millionHow Russia Shortened the Covid Vaccine Race to Declare VictoryLondoners Told to Act to Stop Covid with City at ‘Tipping Point’Europe’s Banks Lead the Way in Global Jobs...
(Bloomberg) -- Tesla Inc.’s factory near Berlin faces no major hurdles before getting the final green light to start producing electric cars next year, according to the premier of the state where it’s being built.Public hearings into the plant east of Berlin in the state of Brandenburg were off to a rocky start and have taken nearly two weeks instead of two days. Environmental activists and local residents have grilled authorities on hundreds of issues from deforestation and water usage to increased truck traffic and noise pollution.Despite the drawn-out process, Brandenburg Premier Dietmar Woidke isn’t concerned and expects the project to progress as planned.“As of now, I know of no problem that would stand in the way of the construction permit,” Woidke told Bloomberg News at the state government’s headquarters in Potsdam. “My assumption is that a legally sound permission is possible here.”The plant, Tesla’s first in Europe, is slated to...
