Atlassian (TEAM) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this company have returned -1.4% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Internet - Software industry, to which Atlassian belongs, has gained 0.2% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors ab ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Atlassian (TEAM) , which belongs to the Zacks Internet - Software industry, could be a great candidate to consider.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 20.19%.For the last reported quarter, Atlassian came out with earnin ...

Atlassian Corporation (NASDAQ:TEAM) Morgan Stanley Technology, Media & Telecom Conference March 7, 2024 12:30 PM ET Company Participants Anu Bharadwaj - President Conference Call Participants Keith Weiss - Morgan Stanley Keith Weiss Good morning. Thank you, everyone for joining us. My name is Keith Weiss. I run the US software research franchise here at Morgan Stanley. And very pleased to have with us, this morning from Atlassian, President, Anu Bharadwaj. Anu, thank you for joining us again at the Morgan S ...

The Nasdaq Composite soared 43% last year as recession fears diminished and investors piled into artificial intelligence (AI) stocks. That momentum has spilled into 2024, with the index advancing another 5% year to date. However, Morgan Stanley analysts led by Keith Weiss still see substantial upside in certain Nasdaq stocks.For instance, the analyst team has given Atlassian (TEAM -0.33%) a bull-case price target of $441 per share, implying a 113% upside over the next year. Investors should never anchor the ...

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- ActionIQ, the leading Composable Customer Data Platform (CDP), announced today it has been named a Visionary on the inaugural Gartner® Magic Quadrant™ for CDPs, identifying those solutions that help connect a brands' customer data with personalized experiences. Gartner recognized ActionIQ on its ability to execute and completeness of vision. "Being recognized as a Visionary in this inaugural Magic Quadrant by Gartner is, we feel, a significant validation of our strate ...

Artificial intelligence (AI) could be one of the most transformative technologies in history. Goldman Sachs believes it could add $7 trillion to the global economy over the next decade, and that's conservative compared to other estimates. Ark Investment Management, for example, puts that number at $200 trillion by 2030.Nearly every technology company is trying to capture a slice of that enormous pie, but some are better positioned than others. Atlassian (TEAM -1.47%) has a 20-year track record of helping bu ...

Key PointsAtlassian shares have been rallying since the end of 2022, but last week's report threatens that. While revenue and profit hit an all-time high, the company's outlook scared investors.All things considered, though, it's looking like the dip might be an overreaction and that the upside potential remains intact. 5 stocks we like better than AtlassianWhile the S&P 500 index was notching a fresh record last week, shares of software giant Atlassian Corporation NASDAQ: TEAM were reeling from a 15% drop. ...

It’s earnings season and many of the top technology companies in the world are either about to deliver their quarterly numbers or already have. For Atlassian (NASDAQ:TEAM) investors, it has been a rather rough 24 hours. The company released its second-quarter report yesterday. Now, shares of TEAM stock are down 14% as investors digest the numbers. Notably, the software licensing company did report revenue and earnings which beat expectations, driven by strong subscription revenue during the quarter. However ...

Shares of work-collaboration software company Atlassian (TEAM -15.20%) got hammered on Friday after the company reported financial results for the fiscal second quarter of 2024. Even though the stock is down, the company may have more analysts than not defending its financial results, which is an interesting wrinkle to this story. As of 11:15 a.m. ET, Atlassian stock was down 12%, but was bouncing back from being 17% down earlier in the session.The market doesn't like slowing growthRevenue for Atlassian's f ...

Atlassian (TEAM) reported stronger-than-expected second-quarter fiscal 2024 results. Its second-quarter fiscal 2024 non-GAAP earnings per share of 73 cents beat the Zacks Consensus Estimate of 62 cents. The figure increased 62.2% from the year-ago quarter’s non-GAAP earnings of 45 cents per share, mainly driven by double-digit year-over-year growth across segments like Cloud and Data Center.TEAM’s second-quarter revenues jumped 21.5% to $1.06 billion and surpassed the consensus mark of $1.02 billion. The to ...