Equities research analysts predict that Atlassian Co. PLC (NASDAQ:TEAM) will announce sales of $330.53 million for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Atlassian’s earnings. The highest sales estimate is $331.80 million and the lowest is $330.00 million. Atlassian reported sales of $243.78 million in the same quarter last year, which indicates a positive year-over-year growth rate of 35.6%. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, July 25th.
According to Zacks, analysts expect that Atlassian will report full-year sales of $1.21 billion for the current financial year. For the next fiscal year, analysts anticipate that the company will post sales of $1.55 billion, with estimates ranging from $1.52 billion to $1.59 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Atlassian.
Atlassian (NASDAQ:TEAM) last posted its quarterly earnings data on Wednesday, April 17th. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.26). The company had revenue of $309.30 million for the quarter, compared to analysts’ expectations of $304.68 million. Atlassian had a negative net margin of 38.06% and a positive return on equity of 1.34%. The business’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in TEAM. Prudential Financial Inc. boosted its stake in Atlassian by 8.7% in the 4th quarter. Prudential Financial Inc. now owns 2,500 shares of the technology company’s stock worth $222,000 after buying an additional 200 shares during the last quarter. BlackRock Inc. boosted its position in Atlassian by 12.0% during the 4th quarter. BlackRock Inc. now owns 2,561,275 shares of the technology company’s stock valued at $227,903,000 after purchasing an additional 273,907 shares during the period. Advisor Group Inc. boosted its position in Atlassian by 146.4% during the 4th quarter. Advisor Group Inc. now owns 7,955 shares of the technology company’s stock valued at $707,000 after purchasing an additional 4,726 shares during the period. Northern Trust Corp boosted its position in Atlassian by 8.3% during the 4th quarter. Northern Trust Corp now owns 250,264 shares of the technology company’s stock valued at $22,269,000 after purchasing an additional 19,150 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Atlassian by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 105,649 shares of the technology company’s stock worth $9,400,000 after acquiring an additional 7,342 shares during the period. 92.07% of the stock is owned by hedge funds and other institutional investors.
Shares of TEAM traded down $1.90 during trading hours on Tuesday, reaching $134.16. 993,364 shares of the company traded hands, compared to its average volume of 1,021,735. The firm has a fifty day moving average price of $132.09. The stock has a market cap of $14.25 billion, a P/E ratio of -1,916.57, a price-to-earnings-growth ratio of 94.07 and a beta of 1.30. The company has a debt-to-equity ratio of 1.22, a current ratio of 3.34 and a quick ratio of 3.34. Atlassian has a 12 month low of $64.43 and a 12 month high of $143.68.
Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. It provides project tracking, content creation and sharing, and service management products. 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; and Trello, a Web-based project management application for capturing and adding structure to fluid, fast-forming work for teams.
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