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. The company also provides Confluence, a remote-friendly team workspace used to build, organize, and collaborate on work virtually for team content creation and sharing; and Trello, a collaboration product, that manages projects, organizes tasks, and builds team spirit for capturing and adding structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket for code sharing and management; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.
Analyst Upgrades and Downgrades
Several equities analysts have commented on TEAM shares. Wolfe Research upped their price objective on Atlassian from $240.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday. Sanford C. Bernstein assumed coverage on Atlassian in a research note on Tuesday, July 19th. They issued an "outperform" rating and a $257.00 price objective for the company. KeyCorp dropped their price objective on Atlassian from $338.00 to $278.00 and set an "overweight" rating on the stock in a report on Friday, July 22nd. Wells Fargo & Company reduced their price objective on Atlassian from $400.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 18th. Finally, Robert W. Baird reduced their target price on Atlassian from $520.00 to $380.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $327.11.
Atlassian Stock Up 2.6 %
Shares of NASDAQ:TEAM opened at $286.19 on Thursday. Atlassian has a 12 month low of $159.54 and a 12 month high of $483.13. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.19 and a current ratio of 1.19. The company's fifty day simple moving average is $202.91 and its 200 day simple moving average is $242.13.
Atlassian (NASDAQ:TEAM - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Atlassian had a negative net margin of 21.91% and a negative return on equity of 98.61%. The company had revenue of $759.80 million during the quarter, compared to the consensus estimate of $724.28 million. During the same quarter last year, the firm posted ($0.06) EPS. The company's quarterly revenue was up 35.8% on a year-over-year basis. As a group, equities research analysts predict that Atlassian will post -0.88 earnings per share for the current fiscal year.