Last Updated: 07 Nov 2024
Executive Summary
Jamf Holding (JAMF) is a leading provider of cloud-based device management solutions for Apple devices. The company's latest stock price is $17.71, with a market capitalization of $2.26 billion. Jamf's financial performance has been mixed, with revenue growth but continued operating losses. Analysts are generally bullish on the stock, with a consensus target price of $22.5.
Company Overview
Jamf Holding Corp. is headquartered in Minneapolis, Minnesota. The company provides device management solutions for Apple devices, including Macs, iPhones, and iPads. Jamf's solutions help organizations manage and secure their Apple devices, as well as deploy and manage apps.
Fundamental Analysis
Jamf's revenue has grown steadily in recent years, reaching $598.4 million for the trailing twelve months (TTM). However, the company has yet to achieve profitability, with an operating margin of -10.8% TTM. Jamf's book value per share is $5.43.
Technical Analysis
Jamf's stock price has been trading in a range between $14.68 and $21.41 over the past 52 weeks. The stock is currently trading below its 50-day and 200-day moving averages.
Short Term Outlook
In the short term, Jamf's stock price is likely to be driven by the company's financial performance and the broader market conditions. If Jamf can continue to grow revenue and improve its operating margin, the stock price could move higher. However, if the company continues to report losses, the stock price could decline.
Long Term Outlook
In the long term, Jamf's growth prospects are tied to the adoption of Apple devices in the enterprise. As more organizations adopt Apple devices, the demand for Jamf's device management solutions is likely to increase. However, Jamf faces competition from other device management providers, such as Microsoft and VMware.
Analyst Recommendations
Analysts are generally bullish on Jamf's stock. Of the 10 analysts covering the stock, 1 has a strong buy rating, 6 have a buy rating, 3 have a hold rating, and 0 have a sell or strong sell rating. The consensus target price is $22.5.
