|Bid||122.26 x 1000|
|Ask||122.36 x 1000|
|Day's Range||119.95 - 122.39|
|52 Week Range||65.17 - 149.80|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan. 15, 2020 - Jan. 20, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||149.44|
Today we're going to take a look at the well-established Atlassian Corporation Plc (NASDAQ:TEAM). The company's stock...
(Bloomberg) -- Software companies fell on Friday, extending recent losses after results from Atlassian Corp. topped analyst forecasts yet failed to provide enough upside to assuage concerns over the group’s valuation.Atlassian shares dropped as much as 11% to their lowest level since May. The stock was on track for its third straight decline, as was Veeva Systems Inc., off 5.4%, and ServiceNow Inc., down 3.8%, which reports its own results next week. Coupa Software Inc. sank 8.4% in its fourth straight drop, a period over which it has shed more than 20% of its valuation. Twilio Inc. was down 4.5%. Alteryx Inc. was down 7.2% and Crowdstrike Holdings Inc. dropped 7.3%, heading for the eighth decline in the past nine sessions.A basket of high-multiple software stocks tracked by Goldman Sachs fell 5.7% in its fifth straight decline, hitting its lowest since March, while the Russell Midcap Technology Growth Index was down 2.2%.“When investors have lost conviction, it usually means the best strategy is to stay conservative until the coast is at least somewhat clear,” wrote Richard Davis, an analyst at Canaccord Genuity. “We are in that time in the cycle.”Davis has a buy rating on Atlassian, writing that it “fits the description of a safe harbor company.” However, he said the stock has a “high-ish valuation” and suggested that multiples could be hard to justify. “In this macro environment,” he wrote, “if anyone expected an over-sized guide up, they haven’t been paying attention.”Recent weakness in the sector included both Workday Inc. and Zoom Video Communications Inc. tumbling in the wake of their respective investor events, which underlined growth concerns.Atlassian’s results included a raised full-year revenue forecast, and Cowen wrote that this could ease broader concerns over the sector.This “was one of the more anticipated prints in software as a result of emerging macro concerns in the space and it being one of the first to report,” analyst J. Derrick Wood wrote. The “solid numbers & outlook, along with constructive commentary on stable demand conditions, should give investors greater comfort in the potential for stability in software spending.”To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Jim SilverFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Atlassian Corporation PLC (TEAM) delivered earnings and revenue surprises of 16.67% and 3.40%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Atlassian Corporation PLC (TEAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Atlassian Corporation Plc , a leading provider of team collaboration and productivity software, today announced that it will release financial results for the first quarter of fiscal year 2020 ended September 30, 2019 after market close on Thursday, October 17, 2019.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Clubhouse — the software project management platform focused on team collaboration, workflow transparency and ease of integration — is taking another big step toward its goal of democratizing efficient software development. Traditionally, legacy project management programs in software development can often appear like an engineer feeding frenzy around a clunky stack of to-dos. Engineers have limited clarity into the work being done by other members of their team or into project tasks that fall outside of their own silo.
At our TC Sessions: Enterprise event, Atlassian co-CEO Scott Farquhar today announced a number of updates to how the company will sell its cloud-based services. Atlassian now also offers discounted cloud pricing for academic institutions and nonprofit organizations. The company previously announced its premium plans for Jira Software Cloud and Confluence Cloud.
Atlassian Corporation PLC (TEAM) closed at $138.05 in the latest trading session, marking a -0.16% move from the prior day.
In this article we are going to estimate the intrinsic value of Atlassian Corporation Plc (NASDAQ:TEAM) by estimating...