Atlassian (TEAM) Updates FY19 Earnings Guidance
Atlassian (NASDAQ:TEAM) updated its FY19 earnings guidance on Thursday. The company provided EPS guidance of $0.81-$0.82 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.78. The company issued revenue guidance of $1.195-$1.199 billion, compared to the consensus revenue estimate of $1.18 billion.Atlassian also updated its FY 2019 guidance to $0.81-0.82 EPS.
Several brokerages have issued reports on TEAM. Bank of America set a $97.00 target price on Atlassian and gave the stock a hold rating in a research note on Wednesday. Morgan Stanley lowered Atlassian from an equal rating to a weight rating in a research note on Tuesday. BTIG Research raised Atlassian from a neutral rating to a buy rating in a research note on Tuesday, November 13th. Zacks Investment Research raised Atlassian from a hold rating to a buy rating and set a $87.00 price target for the company in a research note on Friday, November 9th. Finally, BidaskClub raised Atlassian from a buy rating to a strong-buy rating in a research note on Saturday, November 3rd. Seven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $87.10.
TEAM traded down $1.40 during trading on Thursday, reaching $92.92. The stock had a trading volume of 3,482,066 shares, compared to its average volume of 1,949,041. The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 1.16. The company has a market cap of $10.13 billion, a price-to-earnings ratio of -1,327.43, a price-to-earnings-growth ratio of 80.29 and a beta of 1.98. Atlassian has a one year low of $47.74 and a one year high of $98.21.
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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 Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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