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Atlassian (TEAM, $325.12) beats Q4 earnings estimates
Atlassian Corp. posted fourth-quarter results that exceeded analysts’ expectations.
The software company incurred a fiscal fourth-quarter loss of - 85 cents per share, compared with a loss of $- $1.56 per share a year ago.
Adjusted earnings for the quarter came in at 24 cents per share, surpassing analyst estimates of 18 cents per share.
Revenue of $559.5 million also topped analysts’ expectations of $471.6 million. The figure is also higher than the year-ago quarter’s $430.5 million.
For the first quarter, Atlassian is expecting adjusted earnings between 38 cents and 39 cents per share, compared to analysts’ forecast of 30 cents per share. The company has projected a revenue range of $575 million to $590 million, vs. analysts’ estimate of $539.1 million.
TEAM sees MACD Histogram crosses below signal line
TEAM saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on April 08, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 50 instances where the indicator turned negative. In 32 of the 50 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 64%.
Current price $177.00 crossed the resistance line at $318.45 and is trading between $318.45 resistance and $-143.07 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -37% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -3%.
The 10-day Moving Average for TEAM crossed bearishly below the 50-day moving average on April 12, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 53%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TEAM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
The Aroon Indicator for TEAM entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where TEAM's RSI Oscillator exited the oversold zone, 17 of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 90%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 22 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +7.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where TEAM advanced for three days, in 303 of 385 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
TEAM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 74%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.85.
The Tickeron SMR rating for this company is 99 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 97 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: TEAM's P/B Ratio (158.730) is slightly higher than the industry average of (16.471). P/E Ratio (0.000) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (4.513) is also within normal values, averaging (4.591). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (18.315) is also within normal values, averaging (124.500).
The Tickeron Price Growth Rating for this company is 90 (best 1 - 100 worst), indicating slightly worse than average price growth. TEAM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 51 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron PE Growth Rating for this company is 9 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -0.92%. For the same Industry, the average monthly price growth was -15.48%, and the average quarterly price growth was -24.67%. LAAB experienced the highest price growth at 126%, while SGNI experienced the biggest fall at -97.03%.
- 4/15/22 4:35 AM: Atlassian (TEAM, $265.35) was a top loser this week, declining -9.43%
- 4/7/22 5:33 AM: Atlassian (TEAM, $286.96) was a top loser this week, declining -5.18%
- 3/17/22 4:20 AM: Atlassian (TEAM, $280.96) was a top weekly gainer, with a +7.4% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA50MA10 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 58%. During the last month, the daily ratio of advancing to declining volumes was 1 to 2.3.
6 stocks in the group of tickers confirmed the negative outlook based on the MA50 indicator with average odds of 77%.
The average market capitalization across the group is 1.2B. The market cap for tickers in the group ranges from 26.4M to 3.8B. TDC holds the highest valuation in this group at 3.8B. The lowest valued company is BSQR at 26.4M.
The average weekly price growth across all stocks in the group was 2.37%. For the same group, the average monthly price growth was -14.99%, and the average quarterly price growth was -33.46%. INUV experienced the highest price growth at 11.53%, while SPSC experienced the biggest fall at -8.78%.
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 5/10/22 5:36 AM: Smith Micro Software (SMSI, $2.61) is a top weekly loser for penny stocks, falling -17.67%
- 4/13/22 8:15 AM: Inuvo (INUV, $0.39) is a top weekly loser for penny stocks, falling -18.83%
The average weekly volume growth across all stocks in the group was -65.37%. For the same stocks of the group, the average monthly volume growth was -12.48% and the average quarterly volume growth was -46.53%
- 2/17/22 6:17 AM: The volume for Inuvo stock increased for one day, resulting in a record-breaking daily growth of 459% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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