News articles about Atlassian (NASDAQ:TEAM) have been trending positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlassian earned a coverage optimism score of 0.40 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 45.2987555116639 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s analysis:
- Research Report Identifies Barrick Gold, Atlassian, Marvell Technology Group, Orix Corp Ads, Alkermes plc, and Sierra Wireless with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement (finance.yahoo.com)
- Gfinity PLC buys RealSport e-sports hub (proactiveinvestors.co.uk)
- Aussie Tech Tycoons Join World’s Richest After Atlassian Soars (finance.yahoo.com)
- Atlassian Co. PLC (TEAM) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
- Atlassian Corporation Plc (TEAM) -Trending Tech Stock – Nasdaq Fortune (press release) (nasdaqfortune.com)
Several analysts recently commented on TEAM shares. Zacks Investment Research downgraded shares of Atlassian from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Jefferies Group boosted their price objective on shares of Atlassian to $64.00 and gave the company a “buy” rating in a report on Friday, January 19th. Morgan Stanley set a $63.00 price target on shares of Atlassian and gave the stock a “buy” rating in a report on Friday, January 19th. BidaskClub raised shares of Atlassian from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $60.00 price objective (up from $52.00) on shares of Atlassian in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $55.90.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Thursday, January 18th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 4.00% and a negative net margin of 15.85%. analysts forecast that Atlassian will post -0.08 EPS for the current year.
Atlassian Company Profile
Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.
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