Headlines about Atlassian (NASDAQ:TEAM) have trended somewhat positive recently, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlassian earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.4172810359083 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Analysts’ Recommendation in Spotlight – Atlassian Corporation Plc (NASDAQ: TEAM) – Alpha Beta Stock (alphabetastock.com)
- Brokerages Anticipate Atlassian Co. PLC (TEAM) Will Post Quarterly Sales of $204.40 Million (americanbankingnews.com)
- Atlassian (TEAM) Set to Announce Earnings on Thursday (americanbankingnews.com)
- Earnings Season Preview: Atlassian Near Buy Zone With EPS Due (finance.yahoo.com)
- Atlassian to Announce Second Quarter Fiscal Year 2018 Results (finance.yahoo.com)
A number of research analysts have recently commented on the company. KeyCorp reiterated a “sector weight” rating on shares of Atlassian in a research report on Monday, September 18th. Summit Redstone reiterated a “buy” rating on shares of Atlassian in a research report on Thursday, October 19th. Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price (up from $44.00) on shares of Atlassian in a research report on Friday, October 20th. JMP Securities increased their target price on Atlassian from $41.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Finally, Robert W. Baird increased their target price on Atlassian from $43.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, October 20th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $50.00.
Atlassian (NASDAQ:TEAM) traded up $0.53 during trading hours on Friday, reaching $52.57. The company had a trading volume of 592,300 shares, compared to its average volume of 820,082. Atlassian has a one year low of $26.43 and a one year high of $53.45. The stock has a market cap of $5,078.58, a price-to-earnings ratio of -219.03 and a beta of 2.64.
Atlassian (NASDAQ:TEAM) last released its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. Atlassian had a negative return on equity of 2.11% and a negative net margin of 7.96%. The company had revenue of $193.80 million for the quarter, compared to analyst estimates of $185.78 million. During the same quarter in the prior year, the firm posted $0.10 EPS. Atlassian’s quarterly revenue was up 41.7% compared to the same quarter last year. equities analysts forecast that Atlassian will post -0.13 EPS for the current year.
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Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.
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