Atlassian (NASDAQ:TEAM) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.20. The company issued revenue guidance of $287-289, compared to the consensus revenue estimate of $283.73 million.Atlassian also updated its FY 2019 guidance to $0.78-0.78 EPS.
Several analysts have recently issued reports on the company. Morgan Stanley lowered Atlassian from an overweight rating to an equal weight rating and increased their target price for the stock from $75.00 to $94.00 in a report on Thursday, October 4th. They noted that the move was a valuation call. Canaccord Genuity reissued a buy rating and set a $100.00 target price on shares of Atlassian in a report on Tuesday, September 4th. DA Davidson increased their target price on Atlassian from $88.00 to $108.00 and gave the stock a buy rating in a report on Wednesday, September 5th. Jefferies Financial Group increased their target price on Atlassian to $83.00 and gave the stock a hold rating in a report on Tuesday, September 4th. Finally, Zacks Investment Research lowered Atlassian from a buy rating to a hold rating in a report on Wednesday, September 19th. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $79.92.
NASDAQ:TEAM traded down $2.58 during trading hours on Friday, hitting $79.31. The company’s stock had a trading volume of 32,407 shares, compared to its average volume of 1,723,135. The firm has a market capitalization of $8.88 billion, a PE ratio of -1,130.57, a price-to-earnings-growth ratio of 64.08 and a beta of 2.59. The company has a quick ratio of 3.95, a current ratio of 3.95 and a debt-to-equity ratio of 0.92. Atlassian has a twelve month low of $39.06 and a twelve month high of $98.21.
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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