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JAMF

Jamf Holding NasdaqGS:JAMF Stock Report

Last Price

US$22.16

Market Cap

US$2.7b

7D

-0.09%

1Y

-43.5%

Updated

30 Sep, 2022

Data

Company Financials +
JAMF fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance0/6
Financial Health4/6
Dividends0/6

JAMF Stock Overview

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide.

Jamf Holding Corp. Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Jamf Holding
Historical stock prices
Current Share PriceUS$22.16
52 Week HighUS$49.27
52 Week LowUS$19.68
Beta0.60
1 Month Change-7.47%
3 Month Change-15.55%
1 Year Change-43.47%
3 Year Changen/a
5 Year Changen/a
Change since IPO-43.47%

Recent News & Updates

Sep 26

Jamf Holding to acquire ZecOps, terms not disclosed

Jamf (NASDAQ:JAMF) has signed a definitive agreement to acquire ZecOps, whihch uniquely positions Jamf to help IT and security teams strengthen their organization’s mobile security posture. The acquisition accelerates mobile security investigations from weeks to minutes, leverage known indicators of compromise at-scale, and identify sophisticated 0 or 1 click attacks on a much deeper scale. “By combining with Jamf, we can offer our customers a truly powerful mobile threat intelligence and threat hunting capabilities that will keep up with the evolving threat landscape without compromising the user experience.” said Zuk Avraham, co-founder and CEO, ZecOps. This transaction is expected to close in Q4, terms of the transaction were not disclosed.

Aug 17

Jamf Holding Pursues Growth Amid Increasing Operating Losses

Jamf Holding Corp. recently reported Q2 2022 financial results. The firm provides a range of IT software and services for Apple products used in organizations worldwide. Revenue continues to grow, but operating losses have worsened markedly, so I'm on Hold for JAMF until management makes progress toward operating breakeven. A Quick Take On Jamf Jamf Holding Corp. (JAMF) recently reported its Q2 2022 financial results on August 7, 2022, beating expected revenue and EPS estimates. The company provides IT services for companies using or interfacing with Apple products. With worsening operating losses in the most recent quarter, I'm on Hold for Jamf until management can make meaningful progress toward operating breakeven. Jamf Overview Minneapolis, Minnesota-based Jamf was founded to provide a comprehensive set of services it calls Apple Enterprise Management. Management is headed by Chief Executive Officer Mr. Dean Hager, who has been with the firm since June 2015 and was previously CEO of Kroll Ontrack and prior to that held various senior roles at Lawson Software, later acquired by Infor. The firm enables enterprises to more easily integrate all types of Apple products and software into their existing systems 'without ever having to touch the devices.' Jamf sells its SaaS solutions via a subscription revenue model and sells larger accounts through a direct sales force and smaller accounts via its online portal. Company products include: Lifecycle Application Management Inventory & Device Management Identity & Security Management Threat Prevention & Remediation Visibility & Compliance The firm also sells through channel partners, which include Apple itself. Jamf's Market According to a management-cited recent IDC survey of U.S. commercial IT decision makers, it expects the penetration of Apple (AAPL) Mac computers to increase from 11% to 14% by the end of 2022. Additionally, more enterprises are seeking to allow employees to use more of the technology of their choice, as solutions to integrate various platforms become more available and cost-effective. Statcounter also reported that Apple OSs "comprised 22% of global web traffic (both business and consumer) in December 2019, up from 4% in January 2009." The increase in the use of mobile devices is mostly the reason for Apple's use growth in the enterprise, although the Mac has been an important contributor. Management says its focus on providing a vertically integrated suite of options means it can compete better against small startups that are usually focused on one functionality as well as against the large providers who do not offer specialized solutions. Jamf's Recent Financial Performance Total revenue by quarter has risen steadily over the past 5 quarters: 5 Quarter Total Revenue (Seeking Alpha) Gross profit by quarter has also risen markedly in recent reporting periods: 5 Quarter Gross Profit (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter rose sharply in the quarter just ended: 5 Quarter SG&A % Of Revenue (Seeking Alpha) Operating losses by quarter have remained negative and worsened sharply in Q2 2022: 5 Quarter Operating Income (Seeking Alpha) Earnings per share (Diluted) have followed a similar negative and worsening trajectory as operating income: 5 Quarter Earnings Per Share (Seeking Alpha) (All data in above charts is GAAP) In the past 12 months, JAMF's stock price has fallen 18.3% vs. the U.S. S&P 500 Index's drop of around 3.6%, as the chart below indicates: 52 Week Stock Price (Seeking Alpha) Valuation And Other Metrics For Jamf Below is a table of relevant capitalization and valuation figures for the company: Measure ((TTM)) Amount Enterprise Value $3,490,000,000 Market Capitalization $3,280,000,000 Enterprise Value/Sales 8.24 Revenue Growth Rate 34.9% Operating Cash Flow $43,490,000 Earnings Per Share (Fully Diluted) -$1.20 Net Income Margin -33.8% (Source - Seeking Alpha) The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth/EBITDA trajectory. Jamf's most recent GAAP Rule of 40 calculation was 17% as of Q2 2022, so the firm needs significant improvement in this regard, per the table below: Rule of 40 - GAAP Calculation Recent Rev. Growth % 35% GAAP EBITDA % -18% Total 17% (Source - Seeking Alpha) Commentary On Jamf In its last earnings call (Source - Seeking Alpha), covering Q2 2022's results, management highlighted record revenue growth despite hardware supply chain issues slowing down projects. Management saw a growing replacement market driven by market consolidation and ongoing product upgrades by Apple. CEO Dean Hager said that the company's competitive market has seen considerable consolidation, leading to slower update times from competitors. The firm also dealt with a "challenging market for recruiting and retaining talent."

Shareholder Returns

JAMFUS SoftwareUS Market
7D-0.09%-1.3%-2.5%
1Y-43.5%-33.2%-23.2%

Return vs Industry: JAMF underperformed the US Software industry which returned -30.9% over the past year.

Return vs Market: JAMF underperformed the US Market which returned -21.5% over the past year.

Price Volatility

Is JAMF's price volatile compared to industry and market?
JAMF volatility
JAMF Average Weekly Movement6.9%
Software Industry Average Movement8.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: JAMF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: JAMF's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20022,212Dean Hagerhttps://www.jamf.com

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, a software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology. The company also offers Jamf Protect, which provides protection of Mac-targeted malware and creates customized telemetry and detections that give enterprise security teams visibility into their Macs; Jamf Threat Defense, a solution to protect workers from malicious attackers; and Jamf Nation, an online community of IT and security professionals focusing on Apple in the enterprise.

Jamf Holding Corp. Fundamentals Summary

How do Jamf Holding's earnings and revenue compare to its market cap?
JAMF fundamental statistics
Market CapUS$2.67b
Earnings (TTM)-US$142.90m
Revenue (TTM)US$423.32m

6.3x

P/S Ratio

-18.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JAMF income statement (TTM)
RevenueUS$423.32m
Cost of RevenueUS$90.19m
Gross ProfitUS$333.13m
Other ExpensesUS$476.03m
Earnings-US$142.90m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-1.18
Gross Margin78.69%
Net Profit Margin-33.76%
Debt/Equity Ratio52.3%

How did JAMF perform over the long term?

See historical performance and comparison