Atlassian (TEAM) Earning Somewhat Positive Media Coverage, Report Finds

Headlines about Atlassian (NASDAQ:TEAM) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlassian earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.146732103038 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have effected Accern’s analysis:

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Several research firms have weighed in on TEAM. Oppenheimer upped their price objective on shares of Atlassian to $58.00 and gave the stock an “outperform” rating in a report on Thursday, January 4th. Guggenheim restated a “hold” rating and set a $50.00 price objective on shares of Atlassian in a report on Friday, January 19th. 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 set a $60.00 price objective (up previously from $52.00) on shares of Atlassian in a report on Wednesday, January 17th. Finally, BMO Capital Markets restated a “market perform” rating and set a $56.00 price objective (up previously from $51.00) on shares of Atlassian in a report on Friday, January 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $57.40.

TEAM traded down $1.38 during trading on Friday, hitting $54.59. 883,925 shares of the company’s stock were exchanged, compared to its average volume of 918,420. Atlassian has a fifty-two week low of $30.83 and a fifty-two week high of $62.25. The company has a market cap of $5,437.11, a price-to-earnings ratio of -1,819.67 and a beta of 2.29.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, January 18th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). Atlassian had a negative return on equity of 4.00% and a negative net margin of 15.85%. The firm had revenue of $212.63 million during the quarter, compared to the consensus estimate of $204.40 million. analysts forecast that Atlassian will post -0.08 earnings per share for the current year.

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About Atlassian

Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide. It offers project tracking, content creation and sharing, real-time communication, and service management products to large and small organizations. 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; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; Trello, a Web-based project management application for capturing and adding structure to fluid and fast-forming work for teams; Bitbucket, a code management and collaboration product for teams using distributed version control systems; and JIRA Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT help desks, and legal and HR teams.

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