Raymond James has been monitored on two software stocks that are worth seeing: Jfrog (Nasdaq: Frog) and Confluent (Nasdaq: CFLT). Both are deep in cloud and data technology and analyst Mark Cash thinks they are well set up for long-term growth.
Jfrog focuses on DevOps and software automation. In Q4 2024 it reported $ 116.1 million in income, an increase of 19% on an annual basis and $ 0.19 in non-Gaap profit per share. The company also placed almost $ 50 million in free cash flow and finished the year with $ 522 million in cash and cash. With more than 7,300 customers, including most Fortune 100 companies Jfrog’s reach is strong.
Then there is a confluent. It feeds real -time data streaming to help retailers, banks and manufacturers to move and process information quickly. Confluent raised $ 261.2 million in Q4 sales and grew by 22.5% compared to a year earlier. The income came to $ 0.09 per share, so that predictions were defeated.
Raymond James believes that both companies are in the right place at the right time, with reference to the rising demand for data, cloud and AI integration. Both shares were better presented and signaled positive expectations for the coming year.
This article first appeared on Gurufocus.
