Atlassian Corp (NASDAQ: TEAM) has reported a loss for its fourth fiscal quarter (ending June 30) of $-0.76 versus a loss $-0.23 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-1.16 versus $-1.90 for the same period a year ago.
Recent Price Action
Atlassian Corp (NASDAQ: TEAM) stock declined modestly by -1.9% on 8/1/24. The stock closed at $173.24. Moreover, trading volume in this decline was above average at 137% of normal. The stock has been weak relative to the market over the last nine months but has risen 3.4% during the last week.
Current PriceTarget Research Rating
With future capital returns 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 F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Atlassian has a poor Power Rating of 28 and a poor Appreciation Score of 22, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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