Press coverage about Atlassian (NASDAQ:TEAM) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlassian earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 46.4172810359083 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
A number of research analysts recently issued reports on TEAM shares. Oppenheimer boosted their price objective on Atlassian to $50.00 and gave the company an “outperform” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded Atlassian from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective for the company in a research note on Wednesday, October 25th. Canaccord Genuity reiterated a “buy” rating and set a $44.00 price objective on shares of Atlassian in a research note on Friday, September 15th. Cowen reiterated an “outperform” rating and set a $55.00 price objective (up from $47.00) on shares of Atlassian in a research note on Friday, October 20th. Finally, Robert W. Baird set a $43.00 price objective on Atlassian and gave the company a “buy” rating in a research note on Friday, October 6th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Atlassian presently has a consensus rating of “Buy” and an average price target of $50.00.
Atlassian (NASDAQ:TEAM) traded up $0.53 during mid-day trading on Friday, reaching $52.57. The company’s stock had a trading volume of 592,300 shares, compared to its average volume of 820,082. Atlassian has a 1-year low of $26.43 and a 1-year high of $53.45. The company has a market cap of $5,078.58, a P/E ratio of -219.03 and a beta of 2.64.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.17. Atlassian had a negative return on equity of 2.11% and a negative net margin of 7.96%. The business had revenue of $193.80 million during the quarter, compared to the consensus estimate of $185.78 million. During the same period in the prior year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 41.7% compared to the same quarter last year. sell-side analysts expect that Atlassian will post -0.13 EPS for the current fiscal year.
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Atlassian Company Profile
Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.
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