Atlassian Corp (NASDAQ: TEAM) has reported E.P.S. of $-0.48 for its first fiscal quarter (ending September 30) versus $-0.12 for the same period a year ago — an increase of 300%. For the latest four quarters through September 30, E.P.S. were $-1.52 versus $-1.96 for the same period a year ago — a decline of -22%.
Recent Price Action
Atlassian Corp (NASDAQ: TEAM) stock closed at $188.54 on 10/31/24 after a slight decline of -1.0%. Moreover, exceptionally high trading volume at 207% of normal accompanied the decline. The stock is unchanged during the last week and has been weak relative to the market over the last nine months.
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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlassian has a slightly negative Power Rating of 32 and a poor Appreciation Score of 28, triggering the Lowest Value Trend Rating.
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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