Jamf Holding Corp. Stock Price, News & Analysis

Jamf Holding Corp. (NASDAQ: JAMF) has announced its intention to offer $325 million in Convertible Senior Notes due 2026 in a private placement. The offering is subject to market conditions and may include an additional $48.75 million for initial purchasers. The notes will be senior unsecured obligations and will accrue interest semiannually. Proceeds will primarily be used to repay a term loan linked to the acquisition of Wandera, pay for capped call transactions, and for general corporate purposes. Forward-looking statements indicate a focus on potential financial impacts and market positioning.

Dragoneer Investment Group has increased its stake in Jamf to 17% by acquiring $300 million worth of common stock from Vista Equity Partners at an average price of $33.50 per share. This transaction reflects Dragoneer's confidence in Jamf's long-term growth potential, as evidenced by Jamf's leadership in Apple Enterprise Management with over 53,000 customers and more than 23 million devices managed. The deal strengthens Dragoneer's ongoing relationship with Jamf, following its initial IPO investment in July 2020.

Jamf (NASDAQ: JAMF) has launched Jamf Educator, a dedicated training platform for educators, enhancing their ability to use Apple technology effectively in hybrid learning environments. The new features include remote proctoring capabilities for assessments and expanded classroom management tools for Mac devices, complementing existing iOS and iPad OS functionalities. These updates aim to support teachers in delivering seamless educational experiences, whether in-person or remote. The platform is available now, promoting ongoing educational success in a technology-driven landscape.

Jamf reported final Q2 2021 financial results with total revenue of $86.2 million, marking a 39% year-over-year growth. Annual recurring revenue (ARR) grew 38% to $333 million. Operating loss stood at $16.1 million, contrasting with a $3.7 million profit in Q2 2020. Cash flow from operations reached $34 million, up from $16.8 million a year prior. The company anticipates Q3 revenue between $92.5 million and $94.5 million, including $5 million from the recent Wandera acquisition.

Jamf (NASDAQ: JAMF) announced its participation in the Virtual Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 11:30 AM Eastern Time. The event will feature members of the management team presenting key insights about the company, recognized for its standard in Apple Enterprise Management. Investors can access a webcast of the presentation via Jamf's investor relations page. Jamf specializes in extending the Apple experience to businesses and schools through its software and community support.

Jamf reported preliminary Q2 2021 results with total revenue of $86.2 million, a year-over-year increase of 39%, and an annual recurring revenue (ARR) of $333.0 million, up 38%. Cash flow from operations reached $34.0 million, reflecting strong operating performance. Gross profit margins improved, with GAAP gross profit at $66.9 million (78% of revenue). However, the company reported a GAAP operating loss of $16.1 million. Looking forward, Jamf anticipates Q3 2021 revenue between $92.5 million and $94.5 million, bolstered by the acquisition of Wandera.

Jamf announced significant improvements to its platform, including integrations with TeamViewer for secure remote access and Jamf Title Editor for enhanced application lifecycle management. The updates enhance Jamf Self Service features and allow the deployment of iOS apps on M1 Mac devices, aiming to improve IT management and user productivity. These enhancements position Jamf as a leading solution in Apple Enterprise Management, simplifying app management and empowering end users with improved resources.

Jamf Enhances Developer Ecosystem

On July 21, 2021, Jamf (NASDAQ: JAMF) announced significant updates to its developer ecosystem to facilitate the creation and discovery of integrations within the Jamf platform. Key features include the integration of Jamf Account with the Jamf Marketplace, allowing for simplified access, user ratings, improved layouts, and better data visibility. Additionally, a revamped Developer Portal provides comprehensive resources for software vendors, enhancing documentation and accessibility for new developers. These initiatives aim to elevate user experience and solidify partnerships.

Jamf (NASDAQ: JAMF) has launched significant enhancements to its Jamf Nation community, aimed at improving the experience for Apple IT administrators. Key updates include new discussion forums for products, group hubs for industry-specific knowledge sharing, and expanded language support for personalized user experiences. These changes are designed to foster connections among members, facilitate knowledge exchange, and allow for easier submission of product ideas. Jamf aims to help organizations succeed with Apple through this enriched community platform.