Jamf Holding Corp. Stock Price, News & Analysis

Jamf reported a solid Q1 2021, with total revenue rising 34% year-over-year to $81.2 million and recurring revenue up 37% to $74.9 million. The Annual Recurring Revenue (ARR) reached $308 million, marking a 37% year-over-year growth. Gross profit also improved, with GAAP gross profit at $63.9 million (79% of revenue). Operating income turned positive at $9.3 million non-GAAP. The company anticipates Q2 revenue between $82-$84 million, with full-year revenue forecasted at $335-$341 million, excluding Wandera acquisition expected to close in Q3.

Jamf has announced the acquisition of Wandera for $400 million to enhance its mobile security capabilities.

This acquisition aims to strengthen Jamf's position as a leader in Apple Enterprise Management by integrating Wandera's Zero Trust Network Access, mobile threat defense, and data policy enforcement. With an initial payment of $350 million and additional payments, the deal is set to close in Q3 2021, pending regulatory approval. This strategic move is in response to the growing demand for Apple devices in enterprises, which have become increasingly targeted by security threats.

Jamf (NASDAQ: JAMF) announces same-day support for Apple’s latest operating systems: iOS 14.5, iPadOS 14.5, macOS 11.3, and tvOS 14.5. This ensures that IT admins can upgrade without disrupting management workflows, enhancing endpoint security compatibility. Jamf School provides capabilities for deploying iOS and iPadOS apps to M1-powered Macs, catering to education customers. Additionally, Jamf Pro will streamline mass deployment and improve visibility for app compatibility. Jamf's commitment reflects its aim to support organizations fully in adopting new Apple technology.

Jamf has announced new capabilities for its Jamf Teacher and Jamf Parent applications to enhance educational management. With the Jamf Teacher app now supporting Macs, teachers can manage student attention during remote and hybrid classes. Additionally, the new Jamf Parent Android app allows parents to oversee the school-issued Apple devices of their children, promoting safer online environments. This update aims to bridge the gap between students’ Apple devices and parents’ Android devices, fostering increased parental engagement.

Jamf (NASDAQ: JAMF) will report its first quarter 2021 financial results on May 11, 2021, after market close. A conference call will follow at 3:30 p.m. CT (4:30 p.m. ET) to discuss the results. Investors can join via phone or a live webcast at ir.jamf.com. An archive of the call will be available afterwards. Jamf specializes in Apple Enterprise Management, providing software solutions and a community for IT administrators focused on Apple technology.

Jamf (NASDAQ: JAMF) announced significant enhancements to its security capabilities by integrating Jamf Protect with Microsoft Azure Sentinel. This collaboration aims to help organizations improve their Mac security management through better visibility and incident response automation. Additionally, Jamf has migrated over 100 software titles from Mondada’s Kinobi to Jamf Pro, offering IT admins a robust application management solution without extra costs. These updates promise to enhance user productivity and streamline workflows within the Apple ecosystem.

Jamf reported a strong Q4 2020 performance with total revenue of $76.4 million, a 34% increase year-over-year. Recurring revenue grew 40% to $70.0 million. Annual revenue reached $269.5 million, a 32% growth. ARR also saw a 37% increase to $285.3 million. Despite a GAAP operating loss of $11.9 million, non-GAAP operating income was $3.0 million. The company expects Q1 2021 revenue between $76 to $77 million, and full-year 2021 revenue of $330 to $336 million.

Jamf has acquired the technical assets of cmdSecurity, enhancing its security capabilities within the Apple Enterprise Management sector. The acquisition includes cmdReporter, a suite of compliance tools for macOS, aimed at improving IT security amidst rising cybersecurity risks. cmdReporter provides critical telemetry data and exceeds compliance standards, targeting industries with strict oversight such as finance and healthcare. The creators of cmdReporter have joined Jamf, indicating a commitment to innovation in security products, although no transaction value was disclosed.