Atlassian (NASDAQ:TEAM – Get Rating) is scheduled to announce its earnings results after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
Atlassian (NASDAQ:TEAM – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The technology company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.10. The company had revenue of $740.49 million for the quarter, compared to the consensus estimate of $703.87 million. Atlassian had a negative return on equity of 56.13% and a negative net margin of 27.73%. Atlassian’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. On average, analysts expect Atlassian to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Atlassian Trading Up 5.2 %
NASDAQ TEAM opened at $197.28 on Thursday. Atlassian has a 12-month low of $159.54 and a 12-month high of $483.13. The stock has a market cap of $27.09 billion, a P/E ratio of -68.74 and a beta of 1.01. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 3.30. The company has a fifty day simple moving average of $190.08 and a two-hundred day simple moving average of $246.27.
Wall Street Analyst Weigh In
Several research firms have commented on TEAM. Mizuho cut their price objective on Atlassian from $500.00 to $360.00 in a research note on Monday, May 16th. Cowen reduced their price objective on Atlassian from $285.00 to $245.00 in a research report on Friday, July 22nd. Citigroup reduced their price target on shares of Atlassian from $435.00 to $375.00 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Sanford C. Bernstein started coverage on shares of Atlassian in a research report on Tuesday, July 19th. They set an “outperform” rating and a $257.00 price objective for the company. Finally, Cowen lowered their price objective on shares of Atlassian from $285.00 to $245.00 in a research note on Friday, July 22nd. Five equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Atlassian presently has a consensus rating of “Moderate Buy” and an average target price of $339.26.
Institutional Investors Weigh In On Atlassian
Several institutional investors have recently modified their holdings of the company. Durable Capital Partners LP acquired a new position in Atlassian during the first quarter worth $434,144,000. Dimensional Fund Advisors LP raised its stake in shares of Atlassian by 29.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 201,552 shares of the technology company’s stock worth $59,233,000 after buying an additional 46,418 shares during the last quarter. Baird Financial Group Inc. boosted its position in shares of Atlassian by 7.9% in the 1st quarter. Baird Financial Group Inc. now owns 115,967 shares of the technology company’s stock worth $34,075,000 after buying an additional 8,491 shares in the last quarter. Wellington Management Group LLP grew its stake in Atlassian by 18.6% in the 1st quarter. Wellington Management Group LLP now owns 97,388 shares of the technology company’s stock valued at $28,616,000 after acquiring an additional 15,304 shares during the last quarter. Finally, Polar Capital Holdings Plc increased its holdings in Atlassian by 292.3% during the 1st quarter. Polar Capital Holdings Plc now owns 67,792 shares of the technology company’s stock valued at $19,919,000 after acquiring an additional 50,512 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication.