Previous Close | 199.01 |
Open | 195.00 |
Bid | 198.38 x 100 |
Ask | 198.49 x 100 |
Day's Range | 191.83 - 199.57 |
52 Week Range | 128.02 - 258.69 |
Volume | |
Avg. Volume | 1,775,796 |
Market Cap | 51.469B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
While the top- and bottom-line numbers for Atlassian (TEAM) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Enterprise software maker Atlassian on Thursday forecast fourth-quarter revenue above Wall Street estimates, signaling a surge in demand for artificial intelligence-enabled cloud services. The positive outlook signals growing demand for its cloud services, as large pool of enterprises are increasingly moving towards cloud from servers and are opting for paid premium edition. Cloud revenue growth in rose 30% to $703 million in the third quarter from a year ago, which is primarily driven by companies moving to AI-enabled cloud premium after the company announced end-of-support for servers.
Robust Subscription Growth and Record Free Cash Flow Highlight the Quarter