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 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.
Jamf Holding Corp. announced the closing of its initial public offering (IPO) on July 24, 2020. The offering consisted of 20,700,000 shares priced at $26.00 per share, with Jamf offering 13,500,000 shares and the remaining 7,200,000 shares from selling shareholders, which included an additional 2,700,000 shares due to underwriter options. Jamf will not receive proceeds from the selling shareholders. The company's stock started trading on Nasdaq under the ticker symbol “JAMF” on July 22, 2020.