Atlassian Corporation PLC (NASDAQ:TEAM) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.12 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.10. The company issued revenue guidance of $203-205 million, compared to the consensus revenue estimate of $200.23 million.Atlassian Corporation PLC also updated its FY18 guidance to $0.46-0.47 EPS.

Atlassian Corporation PLC (NASDAQ:TEAM) traded up 1.11% on Thursday, reaching $40.25. The company’s stock had a trading volume of 1,299,935 shares. The firm has a 50-day moving average of $36.49 and a 200-day moving average of $35.41. The company’s market capitalization is $9.15 billion. Atlassian Corporation PLC has a one year low of $23.80 and a one year high of $40.95.

Several brokerages have issued reports on TEAM. Robert W. Baird set a $43.00 price objective on shares of Atlassian Corporation PLC and gave the stock a buy rating in a research note on Friday, October 6th. KeyCorp reissued a sector weight rating on shares of Atlassian Corporation PLC in a research note on Monday, September 18th. Canaccord Genuity reissued a buy rating and issued a $44.00 price objective on shares of Atlassian Corporation PLC in a research note on Friday, September 15th. Oppenheimer Holdings, Inc. reaffirmed a buy rating on shares of Atlassian Corporation PLC in a research note on Friday, September 8th. Finally, BTIG Research reaffirmed a neutral rating on shares of Atlassian Corporation PLC in a research note on Tuesday, August 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $40.50.

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About Atlassian Corporation PLC

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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