Press coverage about Atlassian (NASDAQ:TEAM) has been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Atlassian earned a coverage optimism score of 0.30 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.4290196964616 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
TEAM has been the subject of a number of research reports. Cowen reissued a “buy” rating and set a $70.00 price objective on shares of Atlassian in a research report on Wednesday, April 18th. BidaskClub cut Atlassian from a “strong-buy” rating to a “buy” rating in a research 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 research report on Friday, March 16th. Canaccord Genuity lifted their price objective on Atlassian from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 20th. Finally, Zacks Investment Research raised Atlassian from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, April 25th. Six equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $61.30.
NASDAQ TEAM opened at $63.40 on Monday. Atlassian has a fifty-two week low of $32.58 and a fifty-two week high of $66.00. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of -2,113.33 and a beta of 2.28.
Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, April 19th. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.13. Atlassian had a negative return on equity of 3.18% and a negative net margin of 14.19%. The company had revenue of $223.70 million for the quarter, compared to analyst estimates of $218.79 million. During the same period last year, the company earned $0.08 earnings per share. The business’s revenue was up 39.9% compared to the same quarter last year.
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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