Headlines about Atlassian (NASDAQ:TEAM) have been trending positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Atlassian earned a coverage optimism score of 0.29 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 45.5345727007692 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s analysis:
- Zacks: Analysts Expect Atlassian Co. PLC (TEAM) to Announce $0.08 Earnings Per Share (americanbankingnews.com)
- Atlassian (TEAM) Stock Rating Reaffirmed by Robert W. Baird (americanbankingnews.com)
- 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)
TEAM stock traded down $0.30 during trading hours on Friday, reaching $59.26. The company’s stock had a trading volume of 528,124 shares, compared to its average volume of 988,731. Atlassian has a 1-year low of $28.75 and a 1-year high of $62.25. The company has a market cap of $5,902.24, a P/E ratio of -116.20 and a beta of 2.41.
TEAM has been the topic of several recent analyst reports. Zacks Investment Research downgraded Atlassian from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Jefferies Group lifted their target price on Atlassian to $64.00 and gave the company a “buy” rating in a research note on Friday, January 19th. Morgan Stanley set a $63.00 target price on Atlassian and gave the company a “buy” rating in a research note on Friday, January 19th. BMO Capital Markets reissued a “market perform” rating and set a $56.00 target price (up previously from $51.00) on shares of Atlassian in a research note on Friday, January 19th. They noted that the move was a valuation call. Finally, BidaskClub raised Atlassian from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $57.40.
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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