Welcome to our dedicated page for Jamf Holding news (Ticker: JAMF), a resource for investors and traders seeking the latest updates and insights on Jamf Holding stock.
Jamf Holding Corp. (NASDAQ: JAMF) is a software company focused on managing and securing Apple technology in the workplace, and its news flow reflects that focus on Apple-first endpoint management, security, and automation. Company announcements highlight developments across device management, security capabilities, identity and access management, analyst recognition, and corporate transactions.
Investors and technology professionals following Jamf news will see regular updates on its Apple-first platform, including enhancements in unified endpoint management, security features, and AI-driven automation. Recent announcements describe Jamf’s recognition as a Leader in the Gartner Magic Quadrant for Endpoint Management Tools and in several IDC MarketScape reports for unified endpoint management software, including categories dedicated to Apple devices and frontline or IoT devices.
Jamf’s news also covers product and feature launches, such as AI-powered forensic analysis for Jamf Executive Threat Protection, which is designed to accelerate mobile forensic investigations and help organizations detect sophisticated attacks targeting high-value users. Other updates include identity and access management developments through RapidIdentity, a platform purpose-built for education that has been selected for a major higher education purchasing consortium contract in Ohio.
Corporate and strategic news items include Jamf’s partnership with UberEther to pursue FedRAMP High and U.S. Department of Defense Impact Level 5 authorization for its Apple-first cloud solutions, as well as financial results and metrics such as subscription revenue and annual recurring revenue. A significant portion of recent news is devoted to Jamf’s definitive agreement to be acquired by affiliates of Francisco Partners, under which Jamf is expected to become a privately held company after satisfying closing conditions.
Visitors to this JAMF news page can review these updates in one place, including press releases on leadership appointments, industry event participation, analyst recognitions, security enhancements, identity solutions, public sector initiatives, financial disclosures, and the pending acquisition transaction.
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.
Jamf (NASDAQ:JAMF) announced its readiness for compatibility and key feature support for Apple's iOS 14, iPadOS 14, and tvOS 14, available from September 16, 2020. The company emphasizes same-day support for all Apple releases, enhancing enterprise workflows, security, and distance learning. Key features include streamlined device setup, user-level configuration for Shared iPads, and improved privacy controls for IT teams. Jamf Teacher is now integrated with Jamf Pro for better management of student devices, facilitating distance learning.
Jamf announced an extension of its collaboration with Microsoft, launching iOS Device Compliance, currently in closed preview. This feature allows organizations to manage iOS devices while sharing compliance status with Microsoft Endpoint Manager, enhancing security for remote workforces. IT teams can now ensure that only trusted users with compliant devices access corporate data through Conditional Access powered by Azure Active Directory. This expanded capability builds on previous collaborations for macOS, enhancing device management across Apple devices.
Jamf reported a 29% increase in total revenue for Q2 2020, reaching $62.2 million. The company also saw a 42% rise in recurring revenue to $58.7 million and a 36% growth in ARR, amounting to $241 million. Notably, Jamf achieved a GAAP operating income of $4.2 million, reversing last year's loss. Cash flow from operations was $16.8 million, a significant improvement. Looking ahead, Jamf anticipates Q3 revenue between $65 million and $66 million and full-year revenue of $255 million to $257 million.
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