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.
Atlassian Price Performance
TEAM Stock traded up $38.18 during midday trading on Friday, hitting $268.59. 6,815,189 shares of the stock were exchanged, compared to its average volume of 1,699,910. The stock's 50-day moving average price is $196.85 and its 200-day moving average price is $241.59. The stock has a market cap of $36.88 billion, a price-to-earnings ratio of -110.53 and a beta of 1.01. Atlassian has a fifty-two week low of $159.54 and a fifty-two week high of $483.13. The company has a debt-to-equity ratio of 3.30, a quick ratio of 1.19 and a current ratio of 1.19.
Atlassian (NASDAQ:TEAM - Get Rating) last released its quarterly earnings results on Thursday, August 4th. The technology company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.01. The company had revenue of $759.80 million during the quarter, compared to the consensus estimate of $724.28 million. Atlassian had a negative return on equity of 136.11% and a negative net margin of 21.91%. Atlassian's revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Research analysts predict that Atlassian will post -0.87 earnings per share for the current year.
Wall Street Analyst Weigh In
TEAM has been the topic of several research reports. Wells Fargo & Company decreased their target price on Atlassian from $400.00 to $300.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 18th. Cowen decreased their target price on Atlassian from $285.00 to $245.00 in a research note on Friday, July 22nd. Piper Sandler increased their target price on Atlassian from $249.00 to $283.00 and gave the stock an "overweight" rating in a research note on Friday. Morgan Stanley decreased their target price on Atlassian from $460.00 to $430.00 and set an "overweight" rating on the stock in a research note on Monday, July 11th. Finally, Canaccord Genuity Group decreased their target price on Atlassian from $375.00 to $300.00 in a research note on Friday, April 29th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $338.16.