Press coverage about Atlassian (NASDAQ:TEAM) has trended positive on Wednesday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlassian earned a news impact score of 0.26 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 45.7311660796506 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Atlassian (NASDAQ:TEAM) opened at $59.83 on Wednesday. The company has a market capitalization of $6,155.23, a P/E ratio of -117.31 and a beta of 2.41. Atlassian has a 12 month low of $28.75 and a 12 month high of $62.25.

Atlassian (NASDAQ:TEAM) last released its earnings results on Thursday, January 18th. The technology company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.04). The firm had revenue of $212.63 million during the quarter, compared to the consensus estimate of $204.40 million. Atlassian had a negative net margin of 15.85% and a negative return on equity of 4.00%. equities analysts forecast that Atlassian will post -0.08 earnings per share for the current year.

Several brokerages recently issued reports on TEAM. BMO Capital Markets reiterated a “market perform” rating and issued a $56.00 price objective (up from $51.00) on shares of Atlassian in a research report on Friday, January 19th. They noted that the move was a valuation call. Morgan Stanley set a $63.00 price objective on Atlassian and gave the company a “buy” rating in a research report on Friday, January 19th. Jefferies Group boosted their price objective on Atlassian to $64.00 and gave the company a “buy” rating in a research report on Friday, January 19th. BidaskClub upgraded Atlassian from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 18th. Finally, Zacks Investment Research lowered Atlassian from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $55.90.

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About Atlassian

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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