Atlassian (NASDAQ:TEAM) Issues Q3 2021 Earnings Guidance


Share on StockTwits

Atlassian (NASDAQ:TEAM) issued an update on its third quarter 2021 earnings guidance on Tuesday morning. 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.

Atlassian stock traded down $4.97 during mid-day trading on Tuesday, hitting $225.02. 2,295,970 shares of the company were exchanged, compared to its average volume of 1,433,571. The business has a fifty day moving average of $225.73 and a 200 day moving average of $226.06. Atlassian has a 1-year low of $160.01 and a 1-year high of $262.40. The company has a market capitalization of $29.74 billion, a PE ratio of -123.52, a price-to-earnings-growth ratio of 155.95 and a beta of 0.99.

TEAM has been the subject of several recent analyst reports. Canaccord Genuity increased their price objective on Atlassian from $260.00 to $275.00 and gave the stock a buy rating in a research note on Friday. Morgan Stanley increased their price objective on Atlassian from $275.00 to $292.00 and gave the stock an overweight rating in a research note on Friday. Macquarie increased their price objective on Atlassian from $263.00 to $270.00 and gave the stock an outperform rating in a research note on Friday. William Blair restated an outperform rating on shares of Atlassian in a research note on Tuesday, February 2nd. Finally, Mizuho raised their target price on Atlassian from $270.00 to $285.00 and gave the company a buy rating in a research note on Friday. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $253.35.

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.

Read More: What is channel trading?

Earnings History and Estimates for Atlassian (NASDAQ:TEAM)

Receive News & Ratings for Atlassian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlassian and related companies with MarketBeat.com's FREE daily email newsletter.