Jamf Holding Corp. Stock Price, News & Analysis

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.

Jamf (NASDAQ: JAMF) announced its readiness to support the new macOS Big Sur, ensuring seamless integration for customers upgrading to the update. Extensive testing confirms that Jamf solutions will function without disrupting user experience or organizational security. Notable enhancements include user provisioning features, scalable enterprise workflows, and enhanced institutional security. The company also highlighted advancements for distance learning, with tools like the new Jamf Teacher app for managing student devices.

Jamf (NASDAQ: JAMF) announced it will release its third quarter 2020 financial results on November 12, 2020, after market close. A conference call and webcast will follow at 3:30 p.m. CT to discuss the results. Interested parties can access the live call at (833) 519-1319 or via webcast on the Jamf Investor Relations page. An archived version will be available post-call. Jamf specializes in Apple Enterprise Management, supporting businesses and organizations with its software and community.

Jamf has reported significant insights from a recent survey conducted with Vanson Bourne, involving 1500 IT and security professionals regarding Mac device usage and security challenges. Notably, 74% of Mac-dominant organizations plan to increase their Mac count, while 65% of non-Mac users intend to adopt more Macs. Despite high satisfaction, organizations are concerned about security incidents, with 96% prioritizing future spending on security software. Key cybersecurity challenges include unknown threats, data loss, and malware.