Investor Insights

This summary was created by AI, based on 3 opinions in the last 12 months.

Atlassian, with the symbol TEAM-Q, reported strong Q2 results, beating EPS and revenue estimates. The company also provided solid guidance for Q3 and displayed impressive year-over-year growth in subscription revenue. However, insider sell transactions caused a drop in share prices. Analysts are optimistic about the company's potential for productivity enhancement in the tech market, with a price target of $225.96. Another expert acknowledged Atlassian's profitability in software and its dominant position in assisting app developers. Overall, the stock presents a compelling opportunity for investment.

Fair Value
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

TEAM reported Q2 EPS of $0.73 per share, beating estimates of $0.63 per share. Revenue did beat estimates of $1.02B, coming in at $1.06B and diplayed growth of 21.5% year-over-year. Q3 guidance called for revenue between $1.09B-1.11B, beating the forecast of $1.07B. Subscription revenue was $932 million, an increase of 31% year-over-year. Full-year cloud revenue growth is estimated to be between 28.5% and 30.5% on a year-over-year basis, while Data Center revenue growth is estimated to be approximately 36.0%. The results and guidance look pretty solid, but there were several reports of large insider sell transactions which could explain why shares dropped. We think TEAM is a hold right now following a solid Q2 and good guidance. 
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Provides solutions to enhance productivity in tech. A great total addressable market. They just a company, a video-messaging platform (like Zoom), which will enhance their overall business. Can buy now, $177 and $167 in tranches.

(Analysts’ price target is $225.96)
(A Top Pick Sep 07/22, Down 16%)

The price target is $201.50. He took some profits. They provide software to enhance/assist developers who produce apps. Likes it. Are profitable in software, and have cornered the developer side. Wants to get back into this in the low-$190s or lower.


Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EAM is now trading at 12x times' Price/Sales. 
In the 4Q, TEAM’s revenue grew 27% to $872.7M, beating estimates of $866M and EPS of $0.45 beat estimates of $0.33. 
The balance sheet is strong, with long-term debt (excluding leases) of $999M. 
Total debt is around 1.2x times trailing twelve-month cash flow of $850M, and cash flow declined a bit around 4% compared to $884M last year. 
The company also announced a share repurchasing program of $1B over the last few years. 
The company did give out guidance for FY 2023, with revenue growth of 25%, and an operating margin of 17% on a non-GAAP basis. 
The company beat on all metrics but management did mention the reduced cloud guidance, as they see weakness in the cloud driven by free-to-paid conversions of new customers worsening in the quarter in continuing that in the near future. Unlock Premium - Try 5i Free

Solutions to enhance productivity among technical and business teams, mainly developer teams. 3 areas: project management and support, collaboration and software development, lifestyle tools. Recent earnings beat on top and bottom, strong guidance, grew customer base. Well managed. No dividend. (Analysts’ price target is $326.86)
Due to its valuation, the stock is going down. He likes the company, but won't buy it now.
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Atlassian(TEAM-Q) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Atlassian is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Atlassian(TEAM-Q) Frequently Asked Questions

What is Atlassian stock symbol?

Atlassian is a American stock, trading under the symbol TEAM-Q on the NASDAQ (TEAM). It is usually referred to as NASDAQ:TEAM or TEAM-Q

Is Atlassian a buy or a sell?

In the last year, 2 stock analysts published opinions about TEAM-Q. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Atlassian.

Is Atlassian a good investment or a top pick?

Atlassian was recommended as a Top Pick by on . Read the latest stock experts ratings for Atlassian.

Why is Atlassian stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Atlassian worth watching?

2 stock analysts on Stockchase covered Atlassian In the last year. It is a trending stock that is worth watching.

What is Atlassian stock price?

On 2024-04-15, Atlassian (TEAM-Q) stock closed at a price of $203.75.