SUNNYVALE, Calif. - JFrog Ltd. (NASDAQ:FROG), a prominent software supply chain platform, has announced a new integration with Datadog (NASDAQ:DDOG), a leading observability platform for cloud applications. This collaboration aims to provide developers with better visibility into the logs of JFrog-managed Artifactory cloud instances, enhancing the efficiency and performance insights across the software stack.
The integration, known as the JFrog SaaS Log Streamer with Datadog, enables users to effectively select and prioritize logs, focusing on the most impactful data for their business operations. According to Gal Marder, EVP of Strategy at JFrog, the initiative is intended to build trust among enterprises by offering transparent app health, usage, and platform metrics, which is crucial as companies increasingly rely on software infrastructure.
With digital workloads shifting to cloud-first platforms, the integration caters to the growing need for centralized log data and pre-built Datadog dashboards, facilitating easier access for developers. This move is timely, considering Gartner (NYSE:IT)'s prediction that 85% of organizations will adopt a cloud-first strategy by 2025.
The integration offers several key features, including monitoring Artifactory request logs to analyze HTTP status codes and methods, providing access logs for security insights, and Datadog's Log Management, which unifies logs, metrics, and traces for comprehensive analysis.
Pranay Kamat, Director of Product Management at Datadog, emphasizes the simplified developer experience offered by the integration, which aids in diagnosing issues and optimizing performance in a cost-effective manner.
InvestingPro Insights
JFrog Ltd. (NASDAQ:FROG) has demonstrated a strong financial foundation with its recent announcement of the Datadog integration, showcasing its commitment to enhancing software supply chain efficiency. Notably, JFrog holds more cash than debt on its balance sheet, which is a positive indicator of the company's financial health and its ability to invest in new initiatives like the collaboration with Datadog.
InvestingPro Data reveals that JFrog has a market capitalization of $3.52 billion, reflecting the market's recognition of its potential. The company's gross profit margin over the last twelve months as of Q1 2024 stands at an impressive 78.61%, underscoring its ability to maintain profitability on its products and services. Despite not being profitable over the last twelve months, analysts predict the company will turn a profit this year, which could be an encouraging sign for investors considering the company's growth trajectory and recent strategic partnerships.
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As JFrog continues to innovate and expand its partnerships, the InvestingPro Tips such as the company's impressive gross profit margins and expectations for net income growth this year, are particularly relevant for stakeholders looking to understand the financial implications of JFrog's strategic decisions.
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