What Happened?

A number of stocks fell in the afternoon session after the White House announced a new round of steep global tariffs, sparking concerns of a trade war and its impact on the U.S. and global economies. This move creates significant uncertainty for businesses and investors. The new tariffs, with rates of up to 41% on imports from 68 countries and the European Union, prompted a broad market sell-off, with the tech-heavy Nasdaq index showing notable weakness. Adding to the bearish sentiment was a weaker-than-expected July jobs report, which revealed that employers created only 73,000 jobs, far below economists' expectations. This combination of trade fears and signs of a slowing labor market has created a "risk-off" environment, leading investors to pull back from growth-oriented sectors like software and technology.

The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.

Among others, the following stocks were impacted:

• Communications Platform company Bandwidth (NASDAQ: BAND) fell 4.6%. Is now the time to buy Bandwidth? Access our full analysis report here, it’s free.
• Banking Software company Q2 Holdings (NYSE: QTWO) fell 3.5%. Is now the time to buy Q2 Holdings? Access our full analysis report here, it’s free.
• Video Conferencing company RingCentral (NYSE: RNG) fell 4.8%. Is now the time to buy RingCentral? Access our full analysis report here, it’s free.
• Automation Software company UiPath (NYSE: PATH) fell 4.8%. Is now the time to buy UiPath? Access our full analysis report here, it’s free.
• Automation Software company Jamf (NASDAQ: JAMF) fell 6.3%. Is now the time to buy Jamf? Access our full analysis report here, it’s free.

Zooming In On Jamf (JAMF)

Jamf’s shares are somewhat volatile and have had 12 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 17 days ago when the stock gained 7.2% on the news that the company announced it expects to exceed the high end of its second-quarter 2025 guidance and revealed a new strategic reinvestment plan. The Apple device management company now anticipates both revenue and non-GAAP operating income to surpass its previous forecasts. The original guidance for the second quarter, which ended June 30, projected total revenue between $167.5 million and $169.5 million, with non-GAAP operating income of $29.5 million to $30.5 million. In a move to bolster long-term growth, Jamf also announced a strategic plan that includes reducing its workforce by about 6.4% and reallocating resources. The company will increase its focus on enterprise customers and accelerate investments in artificial intelligence. While the restructuring will result in one-time charges of $11.0 million to $12.5 million, investors appear to be focused on the positive outlook and the company's efforts to improve operational efficiency and drive future profitability.

Jamf is down 47.7% since the beginning of the year, and at $7.38 per share, it is trading 60.9% below its 52-week high of $18.84 from August 2024. Investors who bought $1,000 worth of Jamf’s shares 5 years ago would now be looking at an investment worth $193.42.

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