Why Atlassian Stock Stands Strong Today
Shares of collaboration software specialist (NASDAQ: TEAM) lifted its weight with authority on Friday. Following a robust fiscal fourth-quarter earnings report, Atlassian's stock rose as much as 24.8% at the market open. The gain cooled down to a still-impressive 19% by 12:30 p.m. ET.
Atlassian's adjusted fourth-quarter earnings more than doubled year over year, rising from $0.27 to $0.57 per diluted share. Top-line sales jumped 23.5% higher, landing at $939 million.
The analyst consensus had called for earnings near $0.43 per share on revenue of roughly $911 million, sticking close to management's guidance figures. The company breezed past those projections with ease.
Source Fool.com
Atlassian Corp. Stock
€87.60
2.820%
Atlassian Corp. is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
With a target price of 148 € there is a hugely positive potential of 68.95% for Atlassian Corp. compared to the current price of 87.6 €.
