TEAM Stock Recent News

Atlassian Corporation (NASDAQ:TEAM ) Q4 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Martin Lam - Head of IR Scott Farquhar - Co Founder and CEO Mike Brookes - Co Founder and CEO Joe Binz - CFO Conference Call Participants Keith Weiss - Morgan Stanley Michael Turrin - Wells Fargo Ryan MacWilliams - Barclays Arjun Bhatia - William Blair Luke Hannan - Canaccord Genuity Fatima Boolani - Citi Brent Thill - Jefferies Alex Zukin - Wolfe Research Gregg Moskowitz - Mizuho Securities Kasthuri Rangan - Goldman Sachs John Gomez - Scotiabank Keith Bachman - BMO Operator Good afternoon and thank you for joining Atlassian's Earnings Conference Call for the Fourth Quarter of Fiscal Year 2024. As a reminder, this conference call is being recorded and will be available for replay on the investor relations section of Atlassian's website following this call.

Although the revenue and EPS for Atlassian (TEAM) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Atlassian (TEAM) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.57 per share a year ago.

Atlassian Corporation is a strong buy due to market leadership, cloud-first strategy, and innovation-led growth. The company's focus on enterprise customers, AI-driven products, and efficient go-to-market approach positions it well for future growth. Valuation analysis suggests a fair share price of $221.33, implying a 32.05% upside for investors.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Atlassian (TEAM), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Atlassian (TEAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Shares of Atlassian Corp TEAM were climbing in early trading on Tuesday.

Transitioning customers to the cloud and a few acquisitions have helped Atlassian grow its revenue at a strong pace. The market remains unconvinced due to a couple of financial metrics that leave something to be desired.

Atlassian (TEAM) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.