Atlassian (TEAM) Releases Earnings Results, Beats Expectations By $0.01 EPS

Atlassian (NASDAQ:TEAM) issued its quarterly earnings data on Thursday. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01, Briefing.com reports. Atlassian had a negative net margin of 36.71% and a negative return on equity of 0.71%. The firm had revenue of $267.30 million during the quarter, compared to the consensus estimate of $259.67 million. During the same quarter in the previous year, the firm posted $0.12 EPS. The company’s revenue for the quarter was up 36.7% compared to the same quarter last year.

TEAM opened at $70.18 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 3.95 and a current ratio of 3.95. Atlassian has a fifty-two week low of $41.93 and a fifty-two week high of $98.21. The firm has a market cap of $8.70 billion, a P/E ratio of -1,002.57, a PEG ratio of 62.75 and a beta of 2.59.

A number of equities research analysts have recently issued reports on TEAM shares. Cowen reissued a “buy” rating and set a $90.00 price objective on shares of Atlassian in a research report on Friday, July 27th. DA Davidson boosted their price objective on shares of Atlassian to $88.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Canaccord Genuity reissued a “buy” rating and set a $85.00 price objective (up previously from $65.00) on shares of Atlassian in a research report on Friday, July 27th. Zacks Investment Research raised shares of Atlassian from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Saturday, September 8th. Finally, BidaskClub downgraded shares of Atlassian from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 5th. Eight analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $79.92.

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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Earnings History for Atlassian (NASDAQ:TEAM)

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