Atlassian (NASDAQ:TEAM) issued an update on its second quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.26. The company issued revenue guidance of $386-$390 million, compared to the consensus revenue estimate of $381.53 million.Atlassian also updated its FY 2020 guidance to $0.01-0.01 EPS.
TEAM traded down $11.22 on Friday, reaching $110.22. The company’s stock had a trading volume of 7,028,133 shares, compared to its average volume of 1,502,551. The stock has a 50 day moving average of $129.59 and a two-hundred day moving average of $128.39. The company has a market capitalization of $15.22 billion, a price-to-earnings ratio of -648.35, a P/E/G ratio of 93.29 and a beta of 1.31. Atlassian has a fifty-two week low of $65.17 and a fifty-two week high of $149.80.
Atlassian (NASDAQ:TEAM) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.04. The firm had revenue of $363.40 million during the quarter, compared to the consensus estimate of $351.79 million. Atlassian had a negative return on equity of 2.45% and a negative net margin of 52.69%. The firm’s quarterly revenue was up 36.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. On average, research analysts forecast that Atlassian will post 0.09 EPS for the current year.
Atlassian Company Profile
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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