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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.

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Source Fool.com

Atlassian Corp. Stock

€175.16
-1.780%
We can see a decrease in the price for Atlassian Corp.. Compared to yesterday it has lost -€3.140 (-1.780%).
Currently there is a rather positive sentiment for Atlassian Corp. with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 290 € shows a very positive potential of 65.56% compared to the current price of 175.16 € for Atlassian Corp..
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