Atlassian (NASDAQ:TEAM) posted its quarterly earnings results on Thursday. The technology company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.27 by $0.10, Briefing.com reports. Atlassian had a negative net margin of 24.95% and a negative return on equity of 2.76%. The business had revenue of $408.70 million for the quarter, compared to analysts’ expectations of $389.43 million. During the same period in the previous year, the company posted $0.25 EPS. Atlassian’s revenue was up 36.7% on a year-over-year basis.
Atlassian stock traded up $12.70 on Friday, reaching $145.34. 306,854 shares of the stock were exchanged, compared to its average volume of 1,234,758. The stock has a market cap of $16.03 billion, a PE ratio of -105.94, a PEG ratio of 132.89 and a beta of 1.24. Atlassian has a twelve month low of $92.11 and a twelve month high of $149.80. The firm has a fifty day moving average price of $125.27 and a two-hundred day moving average price of $129.27.
Several research firms have recently commented on TEAM. Mizuho boosted their price target on shares of Atlassian from $152.00 to $180.00 and gave the company a “buy” rating in a report on Friday. Zacks Investment Research cut shares of Atlassian from a “hold” rating to a “strong sell” rating in a report on Friday, January 17th. Oppenheimer restated a “buy” rating and set a $155.00 price target on shares of Atlassian in a report on Thursday. BMO Capital Markets boosted their price target on shares of Atlassian from $150.00 to $155.00 and gave the company a “market perform” rating in a report on Tuesday. They noted that the move was a valuation call. Finally, Morgan Stanley raised shares of Atlassian from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $145.00 to $175.00 in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $151.29.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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