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
€175.16
-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..
