Atlassian Corp (NASDAQ: TEAM) has reported earnings for its third fiscal quarter (ending March 31) of $0.05 versus a loss $-0.81 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $-0.63 versus $-2.08 for the same period a year ago.
Recent Price Action
Atlassian Corp (NASDAQ: TEAM) stock declined slightly by -0.3% on 4/25/24. The stock closed at $198.41. Moreover, above average trading volume at 141% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months and has risen 1.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TEAM is expected to continue to be a major Value Builder.
Atlassian has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Atlassian has a poor Appreciation Score of 15 but a slightly positive Power Rating of 68, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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