Media coverage about Atlassian (NASDAQ:TEAM) has trended positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atlassian earned a media sentiment score of 0.40 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.2987555116639 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s analysis:
- Notable Market Movers: Atlassian Corporation Plc, (NASDAQ: TEAM), New Gold Inc., (NYSE: NGD); (tradingnewsnow.com)
- Spellbinding Stocks: CVS Health Corporation, (NYSE: CVS), Atlassian Corporation Plc, (NASDAQ: TEAM) (globalexportlines.com)
- Is the Stock Safe to Invest? – Atlassian Corporation, (NASDAQ: TEAM) (stocksnewstimes.com)
- Atlassian Corporation Plc (TEAM) expected to achieve earnings growth of -946.30% for this year (wallstreetinvestorplace.com)
- Atlassian Stride gets general release, adds Google Drive and Dropbox integrations (computerworld.com)
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Atlassian from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird reissued a “buy” rating and set a $65.00 price objective on shares of Atlassian in a research report on Friday, March 16th. Zacks Investment Research downgraded shares of Atlassian from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Guggenheim reaffirmed a “hold” rating and issued a $50.00 target price on shares of Atlassian in a report on Friday, January 19th. Finally, Morgan Stanley set a $63.00 target price on shares of Atlassian and gave the company a “buy” rating in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $57.40.
Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). Atlassian had a negative return on equity of 4.00% and a negative net margin of 15.85%. The firm had revenue of $212.63 million for the quarter, compared to analysts’ expectations of $204.40 million. research analysts predict that Atlassian will post -0.08 EPS for the current year.
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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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