Atlassian (NASDAQ:TEAM) updated its second quarter 2020 earnings guidance on Thursday. The company provided EPS guidance of $-0.03–0.03 for the period. The company issued revenue guidance of $386-390 million, compared to the consensus revenue estimate of $381.52 million.Atlassian also updated its FY 2020 guidance to $0.01-0.01 EPS.
Several analysts have commented on the stock. Canaccord Genuity increased their price target on shares of Atlassian from $125.00 to $150.00 and gave the company a buy rating in a research report on Friday, July 26th. Bank of America reissued a neutral rating and set a $147.00 price target (up from $138.00) on shares of Atlassian in a research report on Friday, July 26th. DA Davidson increased their price target on shares of Atlassian to $155.00 and gave the company a buy rating in a research report on Friday, July 26th. Robert W. Baird increased their price target on shares of Atlassian from $120.00 to $150.00 and gave the company an outperform rating in a research report on Friday, July 26th. Finally, KeyCorp increased their price target on shares of Atlassian from $142.00 to $150.00 and gave the company an overweight rating in a research report on Friday, July 26th. Nine analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Atlassian presently has an average rating of Buy and a consensus price target of $139.75.
Shares of TEAM traded down $9.70 during mid-day trading on Friday, hitting $112.94. 368,759 shares of the company traded hands, compared to its average volume of 1,502,551. Atlassian has a 1-year low of $65.17 and a 1-year high of $149.80. The company has a market capitalization of $15.22 billion, a PE ratio of -653.94, a price-to-earnings-growth ratio of 93.29 and a beta of 1.31. The business has a 50 day moving average of $129.59 and a 200 day moving average of $128.39.
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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