Why Jamf Holding Is Down More Than 20% Today

Shares of Jamf Holding (NASDAQ: JAMF) are down more than 20% as of mid-session Friday following Thursday's post-close release of its third-quarter results, although it arguably wasn't Q3's numbers behind most of the day's rout.

On the surface the company seems to be in good enough shape. Last quarter's revenue of $95.6 million is up 36% year over year, and while operating income fell from $11.7 million a year ago to $2 million last quarter, operating per-share profits of $0.01 per share are in line with estimates and sales topped expectations of $93.7 million. This progress extends a similar growth trend, which is expected to persist for the foreseeable future.

Investors, however, aren't as convinced of this premise as they were at the beginning of this week before Apple (NASDAQ: AAPL) unveiled a new product.

Source Fool.com