Media headlines about Atlassian (NASDAQ:TEAM) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atlassian earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.9948601993147 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Atlassian from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 28th. Robert W. Baird reissued a “buy” rating and set a $65.00 price objective on shares of Atlassian in a report on Friday, March 16th. Zacks Investment Research lowered shares of Atlassian from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Guggenheim reissued a “hold” rating and set a $50.00 price objective on shares of Atlassian in a report on Friday, January 19th. Finally, Morgan Stanley set a $63.00 price target on shares of Atlassian and gave the stock a “buy” rating in a research report on Friday, January 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $57.40.
Shares of Atlassian stock traded down $1.38 on Friday, reaching $54.59. The stock had a trading volume of 882,825 shares, compared to its average volume of 918,420. Atlassian has a fifty-two week low of $30.83 and a fifty-two week high of $62.25. The stock has a market capitalization of $5,574.56, a price-to-earnings ratio of -1,819.67 and a beta of 2.29.
Atlassian (NASDAQ:TEAM) last announced its earnings results on Thursday, January 18th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). The company had revenue of $212.63 million for the quarter, compared to the consensus estimate of $204.40 million. Atlassian had a negative return on equity of 4.00% and a negative net margin of 15.85%. equities research analysts anticipate that Atlassian will post -0.08 EPS for the current year.
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Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide. It offers project tracking, content creation and sharing, real-time communication, and service management products to large and small organizations. 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; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; Trello, a Web-based project management application for capturing and adding structure to fluid and fast-forming work for teams; Bitbucket, a code management and collaboration product for teams using distributed version control systems; and JIRA Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT help desks, and legal and HR teams.
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