|Bid||51.03 x 2000|
|Ask||53.18 x 100|
|Day's Range||51.55 - 55.17|
|52 Week Range||26.97 - 55.91|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 17, 2018 - Jan 22, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||14.00|
On a day the major indexes rose, American Express slumped after the company announced earnings and a big tax bill, and Atlassian fell despite reporting a strong quarter.
Shares of collaborative software tools maker Atlassian (TEAM) are down $3.20, or almost 6%, at $52.40, extending last night’s after-hours losses, despite a report of fiscal Q2 revenue and profit that beat expectations, and a forecast for higher revenue this quarter and for the full year. There’s little disagreement today that the results were admirable, the disparity between bull and bear seems to be entirely about stock valuation. “We see this a lot,” writes Canaccord Genuity’s Richard Davis, reiterating his Buy rating on the shares, and $60 price target.
[Updates with comments from Atlassian president Jay Simons at bottom of post.] Shares of collaborative software tools maker Atlassian (TEAM) are down $2.49, or almost 5%, at $53.25, in late trading, this afternoon, after the company reported fiscal Q2 revenue and profit that topped analysts’ expectations, and forecast this quarter’s revenue higher, and for the full year as well. In a phone call following the report, president Jay Simons was kind enough to take a few minutes to talk with me by phone. “We are building an incredibly efficient, high-growth software company with a unique model." Revenue in the three months ended in December rose 43%, year over year, to $212.6 million, yielding EPS of a 13 cents per share, excluding some costs.
Atlassian said Thursday that fiscal second-quarter adjusted earnings were 13 cents a share, up 44% from a year ago.
Atlassian Corp. PLC shares fell in the extended session Thursday after the enterprise software company released fiscal second-quarter results, which beat revenue and earnings expectations. Atlassian shares ...
Quarterly revenue of $212.6 million, up 43% year-over-year. Quarterly IFRS operating margin of and non-IFRS operating margin of 21%. Quarterly free cash flow of $67.8 million.
Stock futures rebounded solidly Wednesday. ASML surged on strong earnings after trying to break out Tuesday. Atlassian, Align Technology and Scientific Games are just below buys.
To get ready for earnings season, focus on stocks in or near a potential buy range ahead of their next quarterly report. One such company is IBD 50 and Sector Leaders member Atlassian[ticker symb=TEAM]. It's expected to report on Jan. 18. The stock is approximately 1% above a 53.55 buy point from a second-stage cup without handle. Keep in mind...
When Atlassian reports fiscal second-quarter earnings, Wall Street expects both earnings and revenue to jump by at least a third.
Weibo, Atlassian, Match Group and Align Technology, which all have strong RS lines, hit buy points Tuesday, but only Weibo is still in range.
A strong open for the stock market Tuesday saw the Dow Jones industrial average cross the 26,000 level early, but gains faded badly by the close.
SAN FRANCISCO, Jan. 08, 2018-- Atlassian Corporation Plc, a leading provider of team collaboration and productivity software, today announced that it will release financial results for the second quarter ...
Atlassian, ranked No. 13 in the IBD 50 roster of growth stocks, sells project-management and collaborative software to large companies.
Atlassian is forming a base and near a possible buy point ahead of its next quarterly earnings report, expected on or around Jan. 17.
McKesson Corp. said Monday Chief Financial Officer James Beer is leaving the company, and will be joining enterprise collaboration company Atlassian Corp. in February 2018. The stock slipped 0.6% in premarket ...
SAN FRANCISCO, Dec. 18, 2017-- Atlassian Corporation Plc, a leading provider of team collaboration and productivity software, today announced that James Beer, executive vice president and chief financial ...
What: Atlassian Corporation Plc, a leading provider of team collaboration and productivity software, will visit the Nasdaq MarketSite in Times Square. In honor of the occasion, Mike Cannon-Brookes, Co-Founder ...
A bird in the hand is worth two in the bush is more the philosophy of swing trading, contrary to the position traders' adage, "let your profits run."
Trello today announced that it is launching operations in Japan next year as part of its overall global growth strategy.