Atlassian (TEAM) Tops Q4 EPS by 6c
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Atlassian (TEAM) Surges as Customer Base Soars in FQ4, At Least Six Analyst Raise PTs on Accelerating Cloud Transition
July 30, 2021 8:43 AM EDTShares of Atlassian Corporation (NASDAQ: TEAM) are up more than 11% in early Friday trading after the company delivered strong fiscal fourth-quarter earnings.
Atlassian saw its sales rise by 30% after adding over 23,000 customers to deliver revenue of $559.5 million to beat the $524 million expected from surveyed analysts. Earnings per share came in at $0.24 per share to top the $0.18 consensus.
Our Q4 was a ripper of a quarter - as we Aussies say - as we added over 23,000 new customers, grew subscription revenue 50 percent year-over-year, and continued to see cloud momentum build, said Mike Cannon-Brookes,... More
Atlassian Corporation (TEAM) PT Raised to $290 at Cowen
July 30, 2021 6:53 AM EDTCowen analyst Derrick Wood raised the price target on Atlassian Corporation (NASDAQ: TEAM) to $290.00 (from $260.00) while maintaining a Market Perform rating.
The analyst commented, "TEAM reported a strong 4Q w/ 30% billings growth above Street of 17%. FY22 guide for low/mid 40% subs... More
