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Following this transaction, Lendino retains ownership of 405,017 shares of Jamf Holding (NASDAQ:JAMF) Corp. The company, which specializes in prepackaged software services, continues to operate from its headquarters in Minneapolis, Minnesota. With a robust gross profit margin of ~80% and stable financial health score of "FAIR" according to InvestingPro, the company maintains a solid market position. Discover more insights with InvestingPro’s comprehensive research report, available for over 1,400 US stocks. With a robust gross profit margin of ~80% and stable financial health score of "FAIR" according to InvestingPro, the company maintains a solid market position. Discover more insights with InvestingPro’s comprehensive research report, available for over 1,400 US stocks.
Following this transaction, Lendino retains ownership of 405,017 shares of Jamf Holding Corp. The company, which specializes in prepackaged software services, continues to operate from its headquarters in Minneapolis, Minnesota. With a robust gross profit margin of ~80% and stable financial health score of "FAIR" according to InvestingPro, the company maintains a solid market position. Discover more insights with InvestingPro’s comprehensive research report, available for over 1,400 US stocks.
Following this transaction, Lendino retains ownership of 405,017 shares of Jamf Holding Corp. The company, which specializes in prepackaged software services, continues to operate from its headquarters in Minneapolis, Minnesota.
In other recent news, Jamf Holding Corp. has announced the acquisition of Identity Automation for approximately $215 million in cash, a move expected to boost its revenue and operating income. This acquisition aims to enhance Jamf’s cybersecurity offerings by integrating Identity Automation’s identity and access management capabilities, with a focus on sectors like education and healthcare. Analysts from Needham have maintained a Buy rating with a $25 price target, viewing the acquisition as a strategic extension into new markets. Meanwhile, Mizuho (NYSE:MFG) has reiterated an Outperform rating but adjusted its price target to $18, citing mixed financial results and a slight miss in annual recurring revenue growth.
JPMorgan has also revised its outlook, lowering the price target to $18 from $20, while keeping an Overweight rating, due to a cautious revenue growth projection for 2025. Jamf’s guidance indicates a deceleration in revenue growth, with a projected 400 basis point slowdown in 2025. Despite this, the company remains optimistic about potential positive shifts in the education and technology sectors. Jamf’s management has adjusted its long-term financial goals, aiming to achieve the Rule of 40 by the end of fiscal year 2026. The recent developments reflect Jamf’s strategic efforts to strengthen its market position and address evolving industry needs.
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