Jamf Holding Corp specializes in providing Apple device management solutions, primarily designed for organizations that utilize Apple products within their IT infrastructure
The company offers a comprehensive platform that enables businesses and educational institutions to efficiently manage, deploy, and secure their Apple devices and applications. With a focus on enhancing productivity and streamlining operations, Jamf’s solutions help IT departments automate processes, optimize device performance, and ensure a seamless user experience for employees and students interacting with their devices.
Apple device management company, Jamf (NASDAQJAMF) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 8.2% year on year to $163 million. On the other hand, next quarter’s revenue guidance of $166.5 million was less impressive, coming in 0.7% below analysts’ estimates. Its non-GAAP profit of $0.17 per share was 11% above analysts’ consensus estimates.
From commerce to culture, software is digitizing every aspect of our lives. This secular theme has materialized in superior earnings growth and stock price performance for most SaaS companies,
and over the last six months, the industry’s 42.4% return has topped the S&P 500 by 26.5 percentage points.
JPMorgan initiates coverage on JAMF with a bullish outlook and a $20 price target, citing potential for growth in enterprise IT spending and Apple's expanding adoption.
Over the past six months, Jamf’s stock price fell to $14.70. Shareholders have lost 14.6% of their capital, which is disappointing considering the S&P 500 has climbed by 7%. This might have investors contemplating their next move.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at productivity software stocks, starting with DocuSign (NASDAQDOCU).
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As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the automation software industry, including Jamf (NASDAQJAMF) and its peers.
Apple device management company, Jamf (NASDAQJAMF) announced better-than-expected revenue in Q3 CY2024, with sales up 11.7% year on year to $159.3 million. The company expects next quarter’s revenue to be around $162.4 million, close to analysts’ estimates. Its non-GAAP profit of $0.16 per share was in line with analysts’ consensus estimates.
