Atlassian (NASDAQ:TEAM) updated its fourth quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $0.16-0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.19. The company issued revenue guidance of $329-331 million, compared to the consensus revenue estimate of $327.32 million.Atlassian also updated its FY 2019 guidance to $0.82-0.82 EPS.
Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Atlassian to $90.00 and gave the company a hold rating in a research note on Friday, January 18th. Oppenheimer upped their target price on Atlassian from $95.00 to $110.00 in a research report on Friday, January 18th. Robert W. Baird increased their price target on Atlassian from $88.00 to $110.00 and gave the stock an outperform rating in a report on Friday, January 18th. Goldman Sachs Group upgraded Atlassian from a neutral rating to a buy rating and increased their price target for the stock from $115.00 to $125.00 in a report on Thursday. Finally, DA Davidson increased their price target on Atlassian to $126.00 and gave the stock a buy rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Atlassian has a consensus rating of Buy and an average target price of $115.40.
NASDAQ:TEAM opened at $125.13 on Friday. The firm has a market cap of $11.87 billion, a P/E ratio of -1,787.57, a price-to-earnings-growth ratio of 174.79 and a beta of 1.77. Atlassian has a 52-week low of $60.32 and a 52-week high of $125.31. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.34 and a quick ratio of 3.34.
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Atlassian Company Profile
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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