Atlassian (NASDAQ:TEAM) posted its quarterly earnings results on Thursday. The technology company reported $0.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.32, MarketWatch Earnings reports. The company had revenue of $430.48 million for the quarter, compared to the consensus estimate of $408.86 million. Atlassian had a negative net margin of 21.72% and a positive return on equity of 2.00%. Atlassian updated its Q1 2021
After-Hours guidance to 0.26-0.27 EPS and its Q1 guidance to $0.26-$0.27 EPS.

TEAM stock traded down $11.01 during trading on Friday, reaching $176.65. The company had a trading volume of 6,941,018 shares, compared to its average volume of 1,726,050. The firm has a 50-day simple moving average of $181.83 and a 200-day simple moving average of $158.97. The company has a market cap of $21.54 billion, a price-to-earnings ratio of -122.67, a price-to-earnings-growth ratio of 33.94 and a beta of 1.02. Atlassian has a twelve month low of $107.00 and a twelve month high of $198.41.

Several research analysts have issued reports on TEAM shares. Jefferies Financial Group increased their target price on shares of Atlassian from $145.00 to $175.00 and gave the stock a “hold” rating in a report on Monday, July 20th. They noted that the move was a valuation call. Morgan Stanley increased their target price on shares of Atlassian from $200.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday. Oppenheimer started coverage on shares of Atlassian in a report on Thursday. They set a “buy” rating and a $200.00 target price on the stock. Mizuho increased their target price on shares of Atlassian from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Canaccord Genuity reiterated a “buy” rating on shares of Atlassian in a report on Friday, May 1st. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $181.25.

About Atlassian

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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Earnings History for Atlassian (NASDAQ:TEAM)

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