Atlassian (TEAM) Scheduled to Post Earnings on Thursday

Atlassian (NASDAQ:TEAM) will release its earnings data after the market closes on Thursday, April 19th. Analysts expect Atlassian to post earnings of ($0.03) per share for the quarter. Atlassian has set its Q3 guidance at $0.08 EPS and its FY18 guidance at $0.47-0.48 EPS.

Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). The company had revenue of $212.63 million for the quarter, compared to analysts’ expectations of $204.40 million. Atlassian had a negative net margin of 15.85% and a negative return on equity of 4.00%.

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Shares of TEAM stock opened at $60.68 on Tuesday. The company has a market cap of $6,000.85, a P/E ratio of -2,022.67 and a beta of 2.28. Atlassian has a twelve month low of $30.91 and a twelve month high of $62.25.

Several brokerages recently weighed in on TEAM. BidaskClub cut Atlassian from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 28th. Robert W. Baird reiterated a “buy” rating and set a $65.00 price target on shares of Atlassian in a research report on Friday, March 16th. Zacks Investment Research cut Atlassian from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Guggenheim reissued a “hold” rating and issued a $50.00 price objective on shares of Atlassian in a report on Friday, January 19th. Finally, Morgan Stanley set a $63.00 price objective on Atlassian and gave the company a “buy” rating in a report on Friday, January 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $57.40.

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About Atlassian

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.

Earnings History for Atlassian (NASDAQ:TEAM)

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