Atlassian Corporation PLC (TEAM) Set to Announce Quarterly Earnings on Thursday
Atlassian Corporation PLC (NASDAQ:TEAM) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 19th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.
Atlassian Corporation PLC (NASDAQ:TEAM) opened at 40.39 on Thursday. The stock’s market capitalization is $9.18 billion. Atlassian Corporation PLC has a 1-year low of $23.80 and a 1-year high of $40.95. The firm’s 50-day moving average is $35.80 and its 200 day moving average is $35.05.
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Several analysts have issued reports on TEAM shares. BMO Capital Markets upped their target price on Atlassian Corporation PLC from $33.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, July 7th. Zacks Investment Research upgraded Atlassian Corporation PLC from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Friday, July 14th. Morgan Stanley upgraded Atlassian Corporation PLC from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $35.00 to $45.00 in a report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and issued a $43.00 target price on shares of Atlassian Corporation PLC in a report on Friday, July 28th. Finally, BTIG Research restated a “neutral” rating on shares of Atlassian Corporation PLC in a report on Tuesday, August 15th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $40.50.
About Atlassian Corporation PLC
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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