Raymond James has its eye on two software stocks it says are worth watching: JFrog (NASDAQ:FROG) and Confluent (NASDAQ:CFLT). Both are deep in cloud and data tech and analyst Mark Cash thinks they're set up well for long-term growth.
JFrog focuses on DevOps and software automation. In Q4 2024, it reported $116.1 million in revenue, a 19% year-over-year increase, and $0.19 in non-GAAP earnings per share. The company also posted nearly $50 million in free cash flow and wrapped up the year with $522 million in cash and liquid assets. With over 7,300 customers including most Fortune 100 companies JFrog's reach is strong.
Then there's Confluent. It powers real-time data streaming helping retailers, banks, and manufacturers move and process information fast. Confluent pulled in $261.2 million in Q4 revenue, growing 22.5% from a year earlier. Earnings came in at $0.09 per share, beating forecasts.
Raymond James believes both companies are in the right place at the right time, citing rising demand for data, cloud, and AI integration. Both stocks were rated Outperform, signaling positive expectations for the year ahead.
This article first appeared on GuruFocus.免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。