Jamf Holding Corp. (NASDAQ: JAMF) saw its stock price surge 5.19% in pre-market trading on Wednesday, building on the momentum from its impressive first-quarter financial results released after market close on Tuesday. The company, which specializes in Apple enterprise management solutions, reported earnings and revenue that exceeded analyst expectations and provided an optimistic outlook for the future.
For the quarter ended March 31, Jamf reported adjusted earnings of $0.22 per share, surpassing the analyst consensus estimate of $0.21. This represents a significant increase from the $0.14 per share reported in the same period last year. The company's quarterly revenue also impressed, coming in at $167.6 million, beating analyst expectations of $166.3 million and marking a substantial year-over-year increase from $152.1 million.
Adding to the positive sentiment, Jamf provided a strong outlook for both the second quarter and full fiscal year 2025. The company projects Q2 revenue between $167.5 million and $169.5 million, while maintaining its full-year revenue guidance of $691 million to $695 million. These forecasts suggest continued growth and confidence in the company's business model. Furthermore, Barclays has raised its price target for Jamf from $13 to $15, reflecting increased optimism about the company's prospects. The market's enthusiastic response to Jamf's results and guidance underscores investor confidence in the company's future in the expanding enterprise management solutions sector.
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