Jamf Holding (JAMF) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual ...

MINNEAPOLIS, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced same-day support for Apple's iOS 18, iPadOS 18, tvOS 18, visionOS 2, watchOS 11 and macOS Sequoia releases, which became generally available today. Through extensive testing in Apple's beta releases, Jamf ensures compatibility for Apple's fall releases across its entire solution portfolio. "We provide same-day support so our customers can reap the benefits of Apple's late ...

Jamf Holding (JAMF) closed the last trading session at $17.70, gaining 8.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.33 indicates a 31.8% upside potential. The average comprises nine short-term price targets ranging from a low of $20 to a high of $30, with a standard deviation of $3.28. While the lowest estimate indicates an increase of 13% from the current price level, ...

Jamf Holding (JAMF) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings ...

MINNEAPOLIS, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announces it has joined the Okta Elevate Partner Program to drive further go-to-market alignment and accelerate product innovation between the companies. Jamf and Okta share a vision of modern cloud identity for an uninterrupted, native login experience on Apple devices that improves security without slowing employees down. By serving customers with an Apple-first, Apple-best device ...

Jamf Holding (JAMF) closed the last trading session at $18.59, gaining 0.8% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $23.63 indicates a 27.1% upside potential. The mean estimate comprises eight short-term price targets with a standard deviation of $3.38. While the lowest estimate of $20 indicates a 7.6% increase from the current price level, the most optimistic analyst expec ...

MINNEAPOLIS, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), a leader in managing and securing Apple at work, announced it is entering the Microsoft ISV Partner Program, and has signed a five-year agreement to expand its existing collaboration with new and innovative Microsoft Cloud and AI-powered solutions for our joint customers. This collaboration marks a significant milestone in Jamf's mission to deliver robust, scalable endpoint management and security solutions to help organizations succeed wit ...

MINNEAPOLIS, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced that it is a contributor to the 2024 Verizon Mobile Security Index. Based on responses from 600 professionals responsible for security strategy, policy and management, the survey revealed how dependent society has become on mobility services, and the dangers that businesses face if they do not invest in securing the infrastructure, devices, and users that rely on this alwa ...

MINNEAPOLIS, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Jamf, (NASDAQ: JAMF), the standard in managing and securing Apple at work, today announced the launch of its new Global Partner Program to accelerate the growth of partners helping organizations harness the power of Apple. The Jamf Global Partner Program reaches partners in over 70 countries worldwide. The program leverages a points-based system that rewards partners and equips them with the necessary resources they need to grow their businesses while helping o ...

Financial Data and Key Metrics Changes - Q2 revenue grew 13% year-over-year, exceeding the high end of the outlook [4][16] - Non-GAAP operating income was $23.5 million, representing a margin of 15%, an improvement of over 1,000 basis points from Q2 2023 [4][17] - Total ARR reached $621.7 million, reflecting a 13% year-over-year growth [4][16] - Non-GAAP gross profit margin was 82%, slightly up from Q1 [17] - Net retention rate decreased slightly to 106% in Q2 compared to Q1 [16] Business Line Data and Key Metrics Changes - Security ARR grew 27% year-over-year to $145 million, making up 23% of total ARR [4][16] - SaaS recurring revenue increased by 15%, while less strategic revenue sources like licenses and services saw declines [16] - 16 of the top 20 deals in Q2 included a security component, indicating strong integration of management and security offerings [13][39] Market Data and Key Metrics Changes - The tech and K-12 sectors showed softness in device expansion, while other industries experienced growth [4] - IDC reported a 3% year-over-year growth in worldwide PC shipments, with Apple leading at nearly 21% growth [5] Company Strategy and Development Direction - The company is focused on strategic growth drivers including Mac leadership, mobile expansion, management plus security, and international expansion [8][14] - Plans to enhance partner management capabilities and launch a new partner program to drive scalability and efficiency [19][35] - Continued investment in strategic geographies with growing Apple adoption, particularly in India and Western Europe [14] Management's Comments on Operating Environment and Future Outlook - Management noted ongoing discussions with larger customers regarding a refresh cycle in the education market, indicating potential future growth [23] - There are signs of stabilization in the tech sector, particularly in the SMB market [24] - The company expects total revenue for Q3 2024 to be between $156.5 million and $158.5 million, representing a year-over-year growth of 10% to 11% [20] Other Important Information - Jamf was recognized as a leader in the IDC Marketscape Worldwide UEM software for Apple devices 2024 vendor assessment [10] - The company plans to highlight advancements related to Apple Intelligence at the upcoming Jamf Nation User Conference [54] Q&A Session Summary Question: Insights on K-12 and tech verticals - Management is awaiting a refresh cycle in the education market and is in discussions with larger customers [23] Question: Security upsell impact on deal size - Security products can significantly increase deal size, with Jamf Connect and Protect providing 50% and 75% uplifts respectively [26] Question: Progress in cross-selling iOS security and management - There has been good success in bundling management and security, leading to better retention and upsell [28][29] Question: Stability in the demand environment - Stability has been observed in customer conversations and prospective customer engagements [31] Question: Importance of partner distribution channel - The company is focusing on leveraging partners more heavily, particularly in the U.S. market [35] Question: Changes in the pricing environment - Competitive pricing pressure observed in Q1 did not persist into Q2, benefiting the company [41] Question: Demand cycle differences for Jamf - Demand for management and security together is resonating well with customers, driving growth [45][46] Question: Correlation between device shipments and business - Continued growth in device shipments is a leading indicator for future opportunities, though not directly correlated [49] Question: Win rates with security and management together - Higher win rates and retention rates are observed when management and security are bundled [50] Question: Jamf's role in Apple Intelligence - Jamf provides tools and capabilities that align with Apple's focus on security and privacy, enhancing competitive advantage [54]