Atlassian (NASDAQ:TEAM) Issues Q3 2021 Earnings Guidance

Atlassian (NASDAQ:TEAM) updated its third quarter 2021 earnings guidance on Tuesday. The company provided EPS guidance of – for the period. The company issued revenue guidance of $566 million-$572 million, compared to the consensus revenue estimate of $487.49 million.

Several analysts recently issued reports on the company. Cowen boosted their price target on Atlassian from $250.00 to $255.00 and gave the company an outperform rating in a research note on Friday, January 29th. Canaccord Genuity upped their target price on Atlassian from $260.00 to $275.00 and gave the company a buy rating in a research report on Friday. BMO Capital Markets upped their target price on Atlassian from $235.00 to $260.00 and gave the company a market perform rating in a research report on Friday, January 29th. Morgan Stanley upped their target price on Atlassian from $275.00 to $292.00 and gave the company an overweight rating in a research report on Friday. Finally, Mizuho upped their target price on Atlassian from $270.00 to $285.00 and gave the company a buy rating in a research report on Friday. Five investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $253.35.

Shares of TEAM stock traded down $4.97 on Tuesday, hitting $225.02. The company had a trading volume of 2,295,970 shares, compared to its average volume of 1,433,571. The firm has a market cap of $29.74 billion, a P/E ratio of -123.52, a P/E/G ratio of 155.95 and a beta of 0.99. The stock’s 50-day moving average is $225.73 and its two-hundred day moving average is $226.06. Atlassian has a twelve month low of $160.01 and a twelve month high of $262.40.

About Atlassian

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 collaboration and organization product, which captures and adds structure to fluid fast-forming work for teams.

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Earnings History and Estimates for Atlassian (NASDAQ:TEAM)

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