Media headlines about Atlassian (NASDAQ:TEAM) have trended positive on Tuesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Atlassian earned a media sentiment score of 0.45 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.2057679491804 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- Quantum Capital Management LLC NJ Reduces Position in Atlassian Co. PLC (TEAM) (americanbankingnews.com)
- Quadrature Capital Ltd Acquires New Holdings in Atlassian Co. PLC (TEAM) (americanbankingnews.com)
- Hot Stock’s Highlights – Atlassian Corporation Plc (NASDAQ: TEAM) – Alpha Beta Stock (alphabetastock.com)
- Stride, Atlassian's Slack competitor, opens its API to all developers (yahoo.com)
- Forty8Fifty Labs and SoftwarePlant Partner to Enhance Project … – PR Newswire (press release) (prnewswire.com)
A number of equities research analysts have recently weighed in on the stock. Guggenheim restated a “hold” rating and issued a $50.00 price objective on shares of Atlassian in a report on Friday, January 19th. Oppenheimer boosted their price objective on shares of Atlassian to $58.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. BidaskClub upgraded shares of Atlassian from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Canaccord Genuity restated a “buy” rating and issued a $60.00 price objective (up from $52.00) on shares of Atlassian in a report on Wednesday, January 17th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $56.00 price objective (up from $51.00) on shares of Atlassian in a report on Friday, January 19th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $55.90.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, January 18th. The technology company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Atlassian had a negative net margin of 15.85% and a negative return on equity of 4.00%. The firm had revenue of $212.63 million for the quarter, compared to the consensus estimate of $204.40 million. analysts expect that Atlassian will post -0.08 EPS for the current fiscal year.
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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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