Jamf Holding Corp. - JAMF STOCK NEWS

Jamf reported preliminary Q2 2021 results with total revenue of $86.2 million, a year-over-year increase of 39%, and an annual recurring revenue (ARR) of $333.0 million, up 38%. Cash flow from operations reached $34.0 million, reflecting strong operating performance. Gross profit margins improved, with GAAP gross profit at $66.9 million (78% of revenue). However, the company reported a GAAP operating loss of $16.1 million. Looking forward, Jamf anticipates Q3 2021 revenue between $92.5 million and $94.5 million, bolstered by the acquisition of Wandera.

Jamf announced significant improvements to its platform, including integrations with TeamViewer for secure remote access and Jamf Title Editor for enhanced application lifecycle management. The updates enhance Jamf Self Service features and allow the deployment of iOS apps on M1 Mac devices, aiming to improve IT management and user productivity. These enhancements position Jamf as a leading solution in Apple Enterprise Management, simplifying app management and empowering end users with improved resources.

Jamf Enhances Developer Ecosystem

On July 21, 2021, Jamf (NASDAQ: JAMF) announced significant updates to its developer ecosystem to facilitate the creation and discovery of integrations within the Jamf platform. Key features include the integration of Jamf Account with the Jamf Marketplace, allowing for simplified access, user ratings, improved layouts, and better data visibility. Additionally, a revamped Developer Portal provides comprehensive resources for software vendors, enhancing documentation and accessibility for new developers. These initiatives aim to elevate user experience and solidify partnerships.

Jamf (NASDAQ: JAMF) has launched significant enhancements to its Jamf Nation community, aimed at improving the experience for Apple IT administrators. Key updates include new discussion forums for products, group hubs for industry-specific knowledge sharing, and expanded language support for personalized user experiences. These changes are designed to foster connections among members, facilitate knowledge exchange, and allow for easier submission of product ideas. Jamf aims to help organizations succeed with Apple through this enriched community platform.

Jamf (NASDAQ: JAMF) announced it will release its second-quarter 2021 financial results on August 10, 2021, after market close. The company will hold a conference call at 3:30 p.m. CT to discuss the results. Investors can access the call live or through a webcast available on Jamf's Investor Relations page. An archived version will also be accessible after the call, along with a telephonic replay available until August 17, 2021.

Jamf has successfully acquired Wandera, enhancing its capacity in Apple Enterprise Management. This strategic acquisition aims to provide robust cloud security and secure access for users, especially in a hybrid work environment.

With this integration, Jamf will leverage Wandera's zero trust capabilities to ensure secure connections for Apple devices, protecting data and applications from potential threats. The acquisition is expected to foster improved productivity for organizations by allowing secure, remote access to company resources while maintaining the intended Apple experience for end users.

Jamf has launched new security features, including a passwordless authentication app, Compliance Reporter, and its intent to acquire Wandera. The Jamf Unlock application enables iPhone users to access their Macs using Face ID, enhancing security. Jamf Protect has grown to include anti-virus capabilities and threat detection, responding to vulnerabilities in macOS. Compliance Reporter simplifies auditing, and the acquisition of Wandera aims to bolster mobile security with Zero Trust principles. These advancements are designed to support organizations in securing data and complying with policies.

Jamf Holding Corp. (NASDAQ: JAMF) has announced a public follow-on offering of 8,500,000 shares of its common stock at $33.00 per share, with a potential additional 1,275,000 shares available. The offering is scheduled to close on June 14, 2021. Notably, Jamf will not receive proceeds from this sale as it is conducted by selling shareholders. The underwriters for this offering include J.P. Morgan, BofA Securities, and Barclays, among others. A registration statement has been filed and declared effective by the SEC.

Jamf and MATTER have inaugurated the Bayat-MATTER Innovation Hub in Kabul, Afghanistan, aiming to enhance educational access for students in low-resourced areas globally. This hub is part of a wider initiative that includes twelve similar facilities in regions such as Haiti and Uganda. The initiative provides students with technology-driven learning experiences, stocking hubs with iPads and educational tools. The focus is on in-demand skills to prepare youth for the future, particularly empowering young women in Afghanistan through advanced learning opportunities.