TEAM: Strong Results, Weak Guidance
Here's our initial take on 's (NASDAQ: TEAM) financial report.
AAR = average annual return.
Atlassian topped expectations in its fiscal second quarter ending March 31, reporting revenue up 14% and earnings per share up 9% year over year, thanks to strong 25% growth in cloud revenue. The company's shift from stand-alone products to a cloud-based suite appears to be going according to script.
Source Fool.com
Atlassian Corp. Stock
€56.00
9.650%
Our community is currently high on Atlassian Corp. with 3 Buy predictions and 0 Sell predictions.
With a target price of 170 € there is potential for a 203.57% increase which would mean more than doubling the current price of 56.0 € for Atlassian Corp..
