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Aug 01, 2021

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.

Related Ticker: TEAM

TEAM's RSI Oscillator ascending out of oversold territory

The RSI Indicator for TEAM moved out of oversold territory on February 08, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In of the 22 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 56 cases where TEAM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for TEAM just turned positive on March 01, 2024. Looking at past instances where TEAM's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TEAM advanced for three days, in of 353 cases, the price rose further within the following month. The odds of a continued upward trend are .

TEAM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 02, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TEAM as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

TEAM moved below its 50-day moving average on February 02, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for TEAM crossed bearishly below the 50-day moving average on February 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 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 .

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 of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TEAM entered a downward trend on March 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (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.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady 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 (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 Valuation Rating of (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: P/B Ratio (59.524) is normal, around the industry mean (28.933). P/E Ratio (0.000) is within average values for comparable stocks, (145.312). Projected Growth (PEG Ratio) (3.572) is also within normal values, averaging (2.854). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (13.736) is also within normal values, averaging (74.781).

The Tickeron SMR rating for this company is (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.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Palo Alto Networks (NASDAQ:PANW), Shopify (NYSE:SHOP), Workday (NASDAQ:WDAY).

Industry description

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.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.29B. The market cap for tickers in the group ranges from 291 to 3.07T. MSFT holds the highest valuation in this group at 3.07T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 2%. For the same Industry, the average monthly price growth was 5%, and the average quarterly price growth was 0%. MTC experienced the highest price growth at 142%, while IFBD experienced the biggest fall at -97%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -27%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was -6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 50
SMR Rating: 82
Profit Risk Rating: 88
Seasonality Score: 2 (-100 ... +100)
Related Portfolios: APPLICATION SOFTWARE
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TEAMDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an enterprise software solutions provider

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Information Technology Services
Address
341 George Street
Phone
+61 292621443
Employees
10726
Web
https://www.atlassian.com
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TEAM and

Correlation & Price change

A.I.dvisor indicates that over the last year, TEAM has been loosely correlated with BIGC. These tickers have moved in lockstep 60% of the time. This A.I.-generated data suggests there is some statistical probability that if TEAM jumps, then BIGC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TEAM
1D Price
Change %
TEAM100%
+0.86%
BIGC - TEAM
60%
Loosely correlated
+0.90%
COIN - TEAM
59%
Loosely correlated
+1.09%
HUBS - TEAM
56%
Loosely correlated
+2.47%
CLSK - TEAM
54%
Loosely correlated
+6.82%
NET - TEAM
52%
Loosely correlated
+1.44%
More
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