Atlassian (TEAM) Scheduled to Post Quarterly Earnings on Thursday

Atlassian (NASDAQ:TEAMGet Rating) will be releasing its earnings data after the market closes on Thursday, August 4th. Analysts expect the company to announce earnings of $0.26 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Atlassian (NASDAQ:TEAMGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The technology company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.10. Atlassian had a negative return on equity of 56.13% and a negative net margin of 27.73%. The firm had revenue of $740.49 million for the quarter, compared to analyst estimates of $703.87 million. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. 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 %

TEAM opened at $197.28 on Thursday. The firm has a market capitalization of $27.09 billion, a price-to-earnings ratio of -68.74 and a beta of 1.01. The company’s 50 day moving average price is $190.08 and its two-hundred day moving average price is $246.27. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.19 and a quick ratio of 1.19. Atlassian has a fifty-two week low of $159.54 and a fifty-two week high of $483.13.

Institutional Investors Weigh In On Atlassian

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its holdings in shares of Atlassian by 6.0% in the 1st quarter. Cetera Investment Advisers now owns 1,755 shares of the technology company’s stock valued at $516,000 after acquiring an additional 100 shares in the last quarter. Penserra Capital Management LLC grew its stake in Atlassian by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 342 shares of the technology company’s stock worth $100,000 after buying an additional 114 shares in the last quarter. KB Financial Partners LLC increased its holdings in shares of Atlassian by 28.9% in the 1st quarter. KB Financial Partners LLC now owns 1,372 shares of the technology company’s stock worth $403,000 after buying an additional 308 shares during the last quarter. PFS Investments Inc. increased its stake in Atlassian by 39.8% in the first quarter. PFS Investments Inc. now owns 1,258 shares of the technology company’s stock valued at $370,000 after acquiring an additional 358 shares during the last quarter. Finally, IHT Wealth Management LLC raised its position in Atlassian by 13.5% during the first quarter. IHT Wealth Management LLC now owns 3,041 shares of the technology company’s stock valued at $894,000 after purchasing an additional 361 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TEAM. The Goldman Sachs Group upgraded shares of Atlassian from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $279.00 to $300.00 in a research report on Monday, June 27th. Canaccord Genuity Group dropped their target price on shares of Atlassian from $375.00 to $300.00 in a research report on Friday, April 29th. Truist Financial dropped their price objective on shares of Atlassian from $375.00 to $220.00 in a report on Tuesday, May 10th. Mizuho dropped their price target on Atlassian from $500.00 to $360.00 in a research note on Monday, May 16th. Finally, Cowen cut their target price on Atlassian from $285.00 to $245.00 in a report on Friday, July 22nd. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Atlassian has an average rating of “Moderate Buy” and an average price target of $339.26.

About Atlassian

(Get Rating)

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.

Featured Stories

Earnings History for Atlassian (NASDAQ:TEAM)

Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.