Jamf Excites Investors with Earnings Report

Jamf Excites Investors with Earnings Report

Jamf (NASDAQ:JAMF), a company providing device management services, will release its earnings report this Monday afternoon. In the last quarter, Jamf surpassed analysts' revenue expectations by 4.7%, achieving $176.5 million in revenue and marking a 15.3% year-over-year increase. This quarter has proven quite strong for the company, significantly exceeding analysts' annual recurring revenue forecasts and billing estimates.

Analysts expect Jamf’s revenue to grow by 11.4% year-over-year this quarter, reaching $177.4 million. A similar performance is anticipated compared to the previous year's increase of 11.7%. Adjusted earnings are expected to be around $0.23 per share.

Over the past 30 days, analysts following the company have generally reaffirmed their forecasts. This reflects expectations that the company will maintain its anticipated performance. Jamf has consistently exceeded Wall Street's expectations over the past two years, surpassing revenue forecasts by an average of 1.6%.

Looking at competitors in the automation software segment, some have released third-quarter results, providing clues about Jamf's future. Pegasystems reported a 17.3% year-over-year increase in revenue, exceeding analysts' expectations by 8.5%. Microsoft reported an 18.4% revenue increase, falling short of expectations by 2.9%. Following these results, Pegasystems gained 15%, while Microsoft dropped by 3.1%.

Investors in the automation software segment usually exhibit a calm demeanor as they approach earnings reports, as stock prices have remained stable over the past month. During the same period, Jamf experienced a 26.8% increase, indicating that analysts’ average price target is $12.76, compared to the current stock price of $12.87.

If a company has more cash, buying back its own shares can be a sensible strategy, provided prices are at the right levels. Here comes a stock that is low-priced, provides high cash flow, and is buying back its shares. Don’t miss this opportunity that is exciting investors as it begins to recover from a general downturn.