Atlassian Corporation PLC (TEAM) Receives Daily News Impact Rating of 0.13
Headlines about Atlassian Corporation PLC (NASDAQ:TEAM) have been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atlassian Corporation PLC earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.5705223757471 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Zacks Investment Research Lowers Atlassian Corporation PLC (TEAM) to Hold (americanbankingnews.com)
- Atlassian Corporation PLC (TEAM) Sees Significant Increase in Short Interest (americanbankingnews.com)
- Keep Watch on Overbought Stock: Atlassian Corporation Plc (TEAM) – Voice Of Analysts (analystsbuzz.com)
- Why Atlassian Corporation Plc Stock Gained 37.6% in October – Motley Fool (fool.com)
Atlassian Corporation PLC (NASDAQ:TEAM) traded up $0.07 during mid-day trading on Friday, hitting $52.40. 634,345 shares of the stock traded hands, compared to its average volume of 1,640,097. Atlassian Corporation PLC has a fifty-two week low of $23.80 and a fifty-two week high of $53.21.
Atlassian Corporation PLC (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, October 19th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.17. The business had revenue of $193.80 million for the quarter, compared to the consensus estimate of $185.78 million. Atlassian Corporation PLC had a negative net margin of 7.96% and a negative return on equity of 2.11%. The business’s revenue for the quarter was up 41.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. sell-side analysts predict that Atlassian Corporation PLC will post -0.13 earnings per share for the current fiscal year.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Atlassian Corporation PLC from a “buy” rating to a “hold” rating in a research report on Saturday. Summit Redstone reissued a “buy” rating on shares of Atlassian Corporation PLC in a research report on Thursday, October 19th. Robert W. Baird boosted their target price on shares of Atlassian Corporation PLC from $43.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. BMO Capital Markets boosted their target price on shares of Atlassian Corporation PLC to $51.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Finally, Oppenheimer Holdings, Inc. boosted their target price on shares of Atlassian Corporation PLC to $50.00 and gave the stock an “outperform” rating in a research report on Friday, October 20th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.20.
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Atlassian Corporation PLC Company Profile
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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