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TEAM: Strong Results, Weak Guidance

TheMotleyFool 
0 0 01.05.25
TEAM: Strong Results, Weak Guidance: https://g.foolcdn.com/editorial/images/816903/collaboration-working-together-businesswomen.jpg
 

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

€188.50
0.330%
The Atlassian Corp. stock is trending slightly upwards today, with an increase of €0.62 (0.330%) compared to yesterday's price.
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 53.85% compared to the current price of 188.5 € for Atlassian Corp..
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