Jamf Holding Corp. - JAMF STOCK NEWS

Jamf (NASDAQ: JAMF) is enhancing Apple Enterprise Management in educational institutions globally, particularly in response to distance learning demands. Government funding in Germany, through the Corona Emergency Fund and the DigitalPakt Schule, has led to significant technology implementation, including 100,000 iPads for Bremen schools. Similarly, Japan's GIGA School project aims to provide devices to 9 million students. By partnering with telecoms and education bodies, Jamf is facilitating access to technology and ensuring continuity in education. This investment reflects an ongoing commitment to digital transformation in the education sector.

Jamf (NASDAQ: JAMF) will report its fourth quarter and fiscal year 2020 financial results on March 4, 2021, after market close. The results will cover the period ending December 31, 2020. A conference call and webcast are scheduled for 3:30 p.m. CT (4:30 p.m. ET) the same day, where management will discuss the results. Interested parties can join the call or access a live webcast through Jamf's Investor Relations page.

Jamf (NASDAQ: JAMF) has partnered with TRUCE Software to introduce Jamf Worker Safety, an innovative mobile device management solution designed for the deskless workforce. This solution enhances worker safety by dynamically adjusting device functionalities based on the user’s environment.

The partnership aims to balance user experience with employer safety requirements, ensuring privacy while enforcing mobile use policies. This breakthrough technology offers contextual management for Apple devices within various work conditions.

Jamf (NASDAQ: JAMF) has been recognized as a leader in IDC's inaugural "Worldwide Unified Endpoint Management Software for Apple Devices 2021 Vendor Assessment." This acknowledgment highlights the growing adoption of Apple devices in enterprises, with macOS penetration increasing to 23% in the U.S. The assessment praises Jamf for its strong Mac management features, an extensive ecosystem of integrations, and consistent feature support for new Apple operating systems. Jamf is focused on enhancing the Apple user experience while easing IT management burdens for over 47,000 customers.

Jamf (NASDAQ: JAMF) announced that its Apple Enterprise Management platform now operates on over 20 million Apple devices globally, increasing from less than 4 million devices in 2015. The company serves more than 47,000 customers, including top brands and institutions. In 2020 alone, Jamf added over 4 million devices and 11,000 customers.

Jamf's growth reflects strong customer loyalty, as evidenced by high ratings on review sites. The company continues to lead in Apple Enterprise Management, especially during significant shifts towards remote work and education.

Jamf (NASDAQ: JAMF), a leader in Apple Enterprise Management, will present at the Barclays Global Technology, Media and Telecom Virtual Conference on December 10, 2020, at 9:00 AM ET. This event will showcase the company's commitment to enhancing the Apple experience for businesses, schools, and government organizations. A webcast will be accessible on Jamf's investor relations website.

Jamf specializes in software solutions for Apple device management and boasts a robust community of IT admins, known as Jamf Nation.

Jamf Holding Corp. (NASDAQ: JAMF) announced the pricing of a public follow-on offering of 11 million shares by certain selling shareholders at $32.00 per share, up from the previously announced 10 million shares. The offering includes an option for underwriters to purchase an additional 1.65 million shares. The offering is set to close on November 23, 2020. Jamf will not receive any proceeds from the sale, and the offering has been declared effective by the SEC. Major underwriters include Goldman Sachs, J.P. Morgan, and BofA Securities.

Jamf Holding Corp. (NASDAQ: JAMF) announced a public follow-on offering of 10,000,000 shares of common stock by selling shareholders, with an option for underwriters to purchase an additional 1,500,000 shares. Jamf will not receive any proceeds from this sale, as it involves only existing shares. The registration statement is filed with the SEC but is not yet effective. The offering is managed by Goldman Sachs, J.P. Morgan, BofA Securities, and Barclays. Forward-looking statements highlight operational risks, including impacts from COVID-19 and reliance on Apple products.

Jamf (NASDAQ: JAMF) reported a strong third quarter for 2020, with total revenue increasing by 29% year-over-year to $70.4 million. Recurring revenue saw a remarkable growth of 40%, reaching $65.8 million, while Annual Recurring Revenue (ARR) grew by 37% to $261.5 million. Despite a GAAP operating loss of $376 thousand, cash flow from operations improved to $23.6 million. The company also broadened its educational offerings and increased its user base significantly.