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ATLASSIAN CORPORATION

(TEAM)
  Report
Delayed Nasdaq  -  04:00:00 2023-02-06 pm EST
172.37 USD   +1.81%
05:22pInsider Sell: Atlassian
MT
05:22pInsider Sell: Atlassian
MT
05:18pAtlassian Corp : Change in Directors or Principal Officers (form 8-K)
AQ
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Atlassian Shares Fall 5.8% After Swinging to Loss in 3Q

04/28/2022 | 05:40pm EST

By Denny Jacob


Atlassian Corp. Plc shares fell 5.8% to $245 after hours Thursday after the company swung to a loss in the third quarter.

The workplace software company swung to a loss of $31.1 million, or a loss of 12 cents a share, for the quarter ended March 31, compared to a profit of $159.8 million, or 63 cents a share, in the year-ago period. Adjusted earnings were 47 cents a share. Analysts polled by FactSet expected 32 cents.

Revenue rose to $740.5 million from $568.7 million. Analysts polled by FactSet expected $700.7 million.

Atlassian guided for fourth-quarter revenue in the range of $710 million to $725 million, as well as adjusted earnings of 24 cents a share. Analysts polled by FactSet expect $689 million in revenue and adjusted earnings of 30 cents a share in the fourth quarter.

The company also said Rajeev Rajan will join as its new chief technology officer in May 2022.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

04-28-22 1739ET

All news about ATLASSIAN CORPORATION
05:22pInsider Sell: Atlassian
MT
05:22pInsider Sell: Atlassian
MT
05:18pAtlassian Corp : Change in Directors or Principal Officers (form 8-K)
AQ
10:13aTOGA Group - The Central Project housing initiative launches in Sydney
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02/03Insider Sell: Atlassian
MT
02/03Insider Sell: Atlassian
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02/03ATLASSIAN CORP MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS..
AQ
02/03BMO Adjusts Atlassian's Price Target to $170 From $151, Maintains Market Perform Rattin..
MT
02/03Macquarie Adjusts Atlassian's Price Target to $161 From $147, Maintains Neutral Rating
MT
02/03Citigroup Adjusts Atlassian's Price Target to $195 From $175, Maintains Buy Rating
MT
More news
Analyst Recommendations on ATLASSIAN CORPORATION
More recommendations
Financials (USD)
Sales 2023 3 499 M - -
Net income 2023 -480 M - -
Net cash 2023 1 319 M - -
P/E ratio 2023 -92,9x
Yield 2023 -
Capitalization 44 176 M 44 176 M -
EV / Sales 2023 12,2x
EV / Sales 2024 9,83x
Nbr of Employees 8 813
Free-Float 56,1%
Chart ATLASSIAN CORPORATION
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Technical analysis trends ATLASSIAN CORPORATION
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 172,37 $
Average target price 199,18 $
Spread / Average Target 15,6%
EPS Revisions
Managers and Directors
Michael Cannon Co-Chief Executive Officer & Director
Scott Farquhar Co-Chief Executive Officer & Director
Joe Binz Chief Financial Officer
Shona L. Brown Director
Rajeev B. Rajan Chief Technology Officer
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