Automation Software Stocks Third Quarter Highlights: Jamf (NASDAQ:JAMF)
As third-quarter earnings season comes to a close, let’s take a look at this quarter’s best and worst performers in the automation software industry, including Jamf (NASDAQ:JAMF) and its peers.
The whole purpose of software is to automate tasks to increase productivity. Today, innovative new software techniques, often involving AI and machine learning, are finally enabling automation that has evolved from simple one- or two-step workflows to more complex processes that are integral to enterprises. The result is an increasing demand for modern automation software.
The six automation software stocks we track reported a mixed third quarter. As a group, revenues exceeded analyst consensus expectations by 1.2%, while revenue expectations for the next quarter were in line.
In light of this news, the companies’ share prices have remained stable as they have risen an average of 3.2% since the last earnings results.
Founded in 2002 by Zach Halmstad and Chip Pearson, right around the time Apple began to dominate the personal computing market, Jamf (NASDAQ:JAMF) provides software for businesses to manage Apple devices such as Macs, iPads and iPhones.
Jamf reported revenue of $159.3 million, up 11.7% year over year. This print exceeded analyst expectations by 1.1%. Despite the revenue increase, it was still a mixed quarter for the company, with an impressive increase in analyst EBITDA estimates but a significant miss in analyst billing estimates.
Total revenue Jamf
Jamf achieved the highest full year indication increase of the entire group. Yet the market seems dissatisfied with the results. The stock is down 1.3% since reporting and is currently trading at $14.79.
Is Now the Time to Buy Jamf? See our full analysis of earnings results here. It’s free.
Microsoft (NASDAQ:MSFT), short for microcomputer software, is the world’s largest software vendor with its Windows operating system, Office suite and cloud computing services.
Microsoft reported revenue of $65.59 billion, up 16% year over year, beating analyst expectations by 1.6%. The company had a strong quarter, impressively beating analyst expectations for operating income.
Microsoft’s total revenue
The market seems pleased with the results, as the stock is up 1.3% since reporting. It is currently trading at $439.19.
Is Now the Time to Buy Microsoft? See our full analysis of earnings results here. It’s free.
Founded in 1983 by Alan Trefler, Pegasystems (NASDAQ:PEGA) provides a software-as-a-service platform for automating and optimizing customer service and engagement workflows.
Pegasystems reported revenue of $325.1 million, down 2.9% year over year and falling 0.8% short of analyst expectations. It was a disappointing quarter as analysts’ EBITDA and billing estimates were significantly missed.
Pegasystems had the weakest performance compared to analyst estimates and the slowest revenue growth in the group. Interestingly, the stock is up 37.1% since the results and is currently trading at $95.60.
Read our full analysis of Pegasystems’ results here.
Founded in 2005 in Romania as a technology outsourcing company, UiPath (NYSE:PATH) makes software that helps companies automate repetitive computing tasks.
UiPath reported revenue of $354.7 million, up 8.8% year over year. This number exceeded analyst expectations by 2%. Zooming out, it was a mixed quarter, as it also delivered a solid gain from analyst EBITDA estimates, but a significant miss from analyst billing estimates.
UiPath scored the highest analyst estimates among its peers. The stock has fallen 12.4% since reporting and is currently trading at $13.08.
Read our full, actionable report on UiPath here. It’s free.
Appian (NASDAQ:APPN), founded by Matt Calkins and his three friends from an apartment in Northern Virginia, sells a software platform that lets users build applications without using much code, allowing them to create new software faster.
Appian reported revenue of $154.1 million, up 12.4% year over year. This print exceeded analyst expectations by 1.3%. That aside, it was a satisfying quarter as it also showed solid improvement over analysts’ EBITDA estimates.
Appian had the weakest full-year guidance update among its peers. The stock is down 13.7% since reporting and is currently trading at $35.
Read our full, actionable report on Appian here. It’s free.
Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs and is moving closer to the 2% target. This disinflation has occurred without serious consequences for economic growth, indicating a soft landing success. The stock market boomed in 2024, boosted by recent interest rate cuts (0.5% in September and 0.25% each in November and December), and a notable rally followed Donald Trump’s victory in the presidential election in November, pushing the indices were pushed to historic highs. Nevertheless, the outlook for 2025 remains clouded by the pace and magnitude of future interest rate cuts and by potential changes to trade policy and corporate taxes once the Trump administration takes over. The path forward is marked by uncertainty.
Do you want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are primed for growth regardless of the political or macroeconomic environment.
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