Atlassian's Cloud Segment: Key Revenue Driver, More Than Fully Priced [Seeking Alpha]
Atlassian Corporation - Class A (TEAM)
Last atlassian corporation - class a earnings: 4/30 04:03 pm
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US:NASDAQ Investor Relations:
investors.atlassian.com/investors-overview/default.aspx
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Source: Seeking Alpha
The deceleration in growth rates, particularly in the cloud segment, raises concerns for investors. Despite its solid track record, I find Atlassian's stock to be too expensive compared to its potential. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis Atlassian Corporation NASDAQ: TEAM ) helps teams work together more effectively. Their software products, like Jira and Confluence, are used for project management and collaboration. Atlassian's platform helps businesses streamline their workflow and improve productivity by providing solutions for organizing tasks, and sharing information, and tracking progress on projects. It's a well-placed business. Nevertheless, this is my investment thesis in a short sentence: TEAM is a stock that is too expensive for what it offers investors. More specifically, I estimate that Atlassian Corporation stock is priced at 36x for
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High impacting Atlassian Corporation - Class A news events
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TEAM
News
- Atlassian Co. (NASDAQ: TEAM) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Atlassian Co. (NASDAQ: TEAM) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $300.00 to $250.00. They now have an "outperform" rating on the stock.MarketBeat
- Atlassian Co. (NASDAQ: TEAM) had its price target lowered by analysts at TD Cowen from $220.00 to $210.00. They now have a "hold" rating on the stock.MarketBeat
- Atlassian (TEAM) Q3 Earnings and Revenues Beat Estimates [Yahoo! Finance]Yahoo! Finance
- Atlassian Co. (NASDAQ: TEAM) had its price target lowered by analysts at Truist Financial Co. from $220.00 to $200.00. They now have a "hold" rating on the stock.MarketBeat
TEAM
Earnings
- 4/25/24 - Beat
TEAM
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/26/24 - Form 4
- TEAM's page on the SEC website