Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions.
infoAtlassian Plc is a large cap stock with a total market cap of 49.27B.
infoThey trade on the NASDAQ and had their IPO 7 years and 8 months ago.
infoAtlassian Plc currently employs 8813 people.
infoAs of Wednesday, Aug 23 2023, Atlassian Plc’s share price is $191.69.
News Relating to Atlassian Plc
The Motley Fool
Why Atlassian Stock Stands Strong Today
Friday Aug 04 2023 at 13:25
Atlassian’s fourth-quarter results pulverized analyst expectations, with earnings jumping from $0.27 to $0.57 per diluted share. Despite macroeconomic uncertainty, Atlassian’s cloud and data center segments are expected to see 30% revenue growth in the just-started fiscal year 2024.
The Motley Fool
Watch These 2 Nasdaq Stocks Soar on Friday
Friday Aug 04 2023 at 12:25
The Nasdaq led markets higher on Friday. Booking Holdings benefited from strong travel trends.
Zacks Investment Research
Atlassian (TEAM) Jumps 23% on Q4 Earnings Beat, Strong Guidance
Friday Aug 04 2023 at 09:47
Atlassian’s (TEAM) Q4 non-GAAP earnings per share jump 111% year over year, mainly driven by higher revenues along with the benefits of disciplined hiring and cost management.
Barrons
Atlassian Stock Soars. It’s a Big Winner as Macro Improves, Analyst Says
Friday Aug 04 2023 at 08:51
The productivity software seller’s fiscal fourth quarter earnings and revenue topped expectations.
Zacks Investment Research
Here’s What Key Metrics Tell Us About Atlassian (TEAM) Q4 Earnings
Thursday Aug 03 2023 at 22:31
The headline numbers for Atlassian (TEAM) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
Here’s What Key Metrics Tell Us About Atlassian (TEAM) Q4 Earnings
Thursday Aug 03 2023 at 22:31
Although the revenue and EPS for Atlassian (TEAM) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zacks Investment Research
Atlassian (TEAM) Q4 Earnings and Revenues Top Estimates
Thursday Aug 03 2023 at 18:46
Atlassian (TEAM) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.27 per share a year ago.
CNBC
Atlassian shares skyrocket as CEOs see wider margins returning
Thursday Aug 03 2023 at 18:37
After moving many of its customers from on-premises software to cloud products, Atlassian is looking for margins to return to historical levels.
Market Watch
Atlassian stock rallies on first-quarter forecast, estimate-beating fourth-quarter results
Thursday Aug 03 2023 at 17:00
Shares of Atlassian Corp. TEAM, -0.03% raced 16.2% higher after hours on Thursday after the workplace-collaboration cloud software developer forecast fiscal first-quarter sales that were above Wall Street’s estimates. The company said it expected first-quarter sales of $950 million to $970 million, above FactSet forecasts of $954 million.
Zacks Investment Research
Atlassian (TEAM) to Report Q4 Earnings: What’s in the Offing?
Tuesday Aug 01 2023 at 09:40
The rising adoption of Atlassian’s (TEAM) cloud-based solutions and the massive digitalization trend in organizations, along with the growing hybrid working trend, are likely to have aided its Q4 performance.
The Motley Fool
Wall Street Says the S&P 500 Is Headed Higher: 2 Unique Growth Stocks to Buy Now and Hold
Thursday Jul 27 2023 at 09:29
Etsy’s unique focus on non-commoditized goods has helped it become one of the most popular online marketplaces in the world. Atlassian’s unique go-to-market strategy has helped it establish a strong presence in several software verticals.
24/7 Wall Street
5 Surprising ‘Strong Buy’ Tech Stocks That Also Could End Up Huge AI Winners
Friday Jul 21 2023 at 07:32
The massive market rally so far in 2023 has been driven largely by mega-cap technology companies that look like they will be the biggest winners in the artificial intelligence (AI) revolution.
The Motley Fool
Why Enterprise Software Stocks Jumped in the First Half of 2023
Friday Jul 14 2023 at 16:29
Cost cuts put in place earlier this year brought operational focus to the tech industry. An anticipated slowdown doesn’t seem to have happened.
InvestorPlace
3 Doomed Software Stocks Destined for Disaster
Friday Jul 14 2023 at 14:08
While the overall market remains buoyant, there are pockets where troubled stocks are struggling to gain traction. One sector that is rife with problems is the software space.
Business Wire
Atlassian Announces Date for Fourth Quarter and Fiscal Year 2023 Financial Results
Monday Jul 10 2023 at 16:05
TEAM, Anywhere/SYDNEY–(BUSINESS WIRE)–Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for its fourth quarter and fiscal year ended June 30, 2023 after market close on Thursday, August 3, 2023. Atlassian will host a webcast and conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareholder.
The Motley Fool
Is It Time to Buy the Nasdaq’s 3 Worst-Performing June Stocks?
Monday Jul 10 2023 at 06:00
CrowdStrike continues to see revenue growth slow as sales cycles have lengthened. Demand for Micron’s memory chips is down significantly, and the company faces new restrictions in China.
The Motley Fool
1 Spectacular Growth Stock Down 63.4% You’ll Regret Not Buying on the Dip
Saturday Jul 08 2023 at 04:30
Investing in growth stocks is an excellent way to boost your wealth in the long run.
Seeking Alpha
Atlassian: Growth Stalling And Profitability Under Pressure
Friday Jul 07 2023 at 12:43
Atlassian Corporation stock faces a negative risk-reward profile, leading to a recommended sell rating. The company’s revenue growth rates are slowing down, particularly in the cloud segment, with weaker profit margins compared to its premise business. Customer growth rates have been moderating, especially among small and medium-sized businesses, impacting Atlassian’s market performance.
InvestorPlace
3 Tech Stocks That AI Predicts Will Deliver Triple-Digit Returns in 2023
Sunday Jul 02 2023 at 09:46
Many tech stocks are up substantially this year and the overall market sentiment continues to be bullish. The excitement in artificial intelligence companies has spilled into most tech companies that are directly or indirectly linked to AI.
The Motley Fool
These 3 Stocks Could Triple Your Money Over the Next Decade
Friday Jun 23 2023 at 09:00
CrowdStrike’s cloud-based software offers effective cybersecurity protection and quick scalability. Snowflake collates data from disparate sources to make sense of it and produce insights.
Seeking Alpha
Atlassian Corporation (TEAM) Presents at Baird’s 2023 Global Consumer, Technology & Services Conference (Transcript)
Wednesday Jun 07 2023 at 15:36
Atlassian Corporation (NASDAQ:TEAM ) Baird’s 2023 Global Consumer, Technology & Services Conference June 7, 2023 1:15 PM ET Company Participants Martin Lam – Head, IR Conference Call Participants Rob Oliver – Baird Rob Oliver Good afternoon. Thank you for joining us for day two of Baird’s Global Consumer, Technology & Services Conference.
The Motley Fool
Why Atlassian Stock Jumped on the Market’s Down Day
Wednesday May 31 2023 at 15:31
A prominent analyst raised their price target for Atlassian stock today — a surprising move considering what happened just a few weeks ago. Investors need to focus more on business fundamentals than ever-changing price targets from the analyst community.
GuruFocus
Atlassian Co-Founder and Co-CEO Scott Farquhar Sells 8,614 Shares
Thursday May 25 2023 at 22:11
On May 23, 2023, Scott Farquhar, Co-Founder, Co-CEO, and 10% Owner of Atlassian Corp ( TEAM , Financial), sold 8,614 shares of the company’s stock. This recent transaction is part of a series of insider sales by Farquhar over the past year, during which he has sold a total of 1,369,626 shares and purchased none.
Zacks Investment Research
LYFT CFO to Step Down Shortly, Company Appoints Replacement
Thursday May 18 2023 at 16:05
LYFT continues to struggle, as evidenced by the 24.2% year-to-date decline in its shares.
The Motley Fool
Atlassian Tumbles on Cloud Slowdown: Buy the Dip?
Sunday May 07 2023 at 08:20
Atlassian stock slumped after its cloud segment slowed. An uncertain economy is impacting customer decisions to adopt new software products and expand usage.
Market Watch
Atlassian’s stock drops as layoffs erode cloud-customer ‘seats,’ but AI could further boost data-center side
Friday May 05 2023 at 15:13
Atlassian Corp. shares fell Friday after the collaboration- and productivity-software company said it expected business to get worse as companies keep cutting jobs, but some analysts pointed to a rising data-center business as a lifeline.
Zacks Investment Research
Atlassian’s (TEAM) Q3 Earnings and Revenues Beat Estimates
Friday May 05 2023 at 13:41
Atlassian’s (TEAM) fiscal third-quarter results reflect benefits from new customer wins and high-margin subscription revenue business.
The Motley Fool
Why Atlassian Stock Tumbled Today
Friday May 05 2023 at 11:32
Atlassian’s revenue growth exceeded analysts’ expectations in the most recent quarter, but slowed markedly from what investors have come to expect. Management expects revenue growth to slow further in the upcoming quarter.
Investors Business Daily
Atlassian Stock Tumbles As Slowing Cloud Growth Trumps An Earnings Beat
Friday May 05 2023 at 09:25
Atlassian stock tumbled after the software maker reported March-quarter earnings that topped estimates but cloud computing growth slowed. The post Atlassian Stock Tumbles As Slowing Cloud Growth Trumps An Earnings Beat appeared first on Investor’s Business Daily.
Zacks Investment Research
Here’s What Key Metrics Tell Us About Atlassian (TEAM) Q3 Earnings
Thursday May 04 2023 at 22:48
While the top- and bottom-line numbers for Atlassian (TEAM) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Atlassian Plc Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Atlassian Plc’s Altman Z-score is 8.5 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Atlassian Plc Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 7 insiders have sold $5.27M of common stock in Atlassian Plc on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Atlassian Plc’s Income Quality of -1.78 is lower than its Industry Group of 0.34 (-623.5% lower)
Atlassian Plc’s Income Quality of -1.78 is lower than its Major Industry Group of 0.42 (-523.8% lower)
Atlassian Plc’s Income Quality of -1.78 is lower than its Sector of 0.5 (-456.0% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Atlassian Plc’s Current Ratio of 1.35 is lower than its Industry Group of 1.78 (-24.2% lower)
Atlassian Plc’s Current Ratio of 1.35 is lower than its Major Industry Group of 1.69 (-20.1% lower)
Atlassian Plc’s Current Ratio of 1.35 is lower than its Sector of 1.59 (-15.1% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-101.21 & -1.64)
Cannot compare a negative PE Ratio (-101.21 & -0.68)
Cannot compare a negative PE Ratio (-101.21 & -0.29)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Atlassian Plc’s PB Ratio of 75.25 is greater than its Industry Group of 2.57 (2828.0% greater)
Atlassian Plc’s PB Ratio of 75.25 is greater than its Major Industry Group of 2.08 (3517.8% greater)
Atlassian Plc’s PB Ratio of 75.25 is greater than its Sector of 1.88 (3902.7% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Atlassian Plc’s ROE of -0.74 is lower than its Industry Group of -0.12 (-516.7% lower)
Atlassian Plc’s ROE of -0.74 is lower than its Major Industry Group of -0.06 (-1133.3% lower)
Atlassian Plc’s ROE of -0.74 is lower than its Sector of -0.04 (-1750.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
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Atlassian Plc’s ROCE of -0.15 is lower than its Industry Group of -0.06 (-150.0% lower)
Atlassian Plc’s ROCE of -0.15 is lower than its Major Industry Group of -0.03 (-400.0% lower)
Atlassian Plc’s ROCE of -0.15 is lower than its Sector of -0.02 (-650.0% lower)
Derived from SEC.GOV filing dataopen_in_new