Headlines about Atlassian (NASDAQ:TEAM) have been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Atlassian earned a coverage optimism score of 0.25 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.2940015345249 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern’s rankings:
- Stay Cool with Active Stock: Atlassian Corporation Plc (TEAM) (mosttradedstocks.com)
- Atlassian (TEAM) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Today’s Hot Mover – Atlassian Corporation, (NASDAQ: TEAM) (stocksnewstimes.com)
- BRIEF-Atlassian Corporation Prices Private Offering Of $850 mln Of 0.625% Cash Exchangeable Senior Notes Due 2023 (reuters.com)
- Atlassian Corporation Plc Announces Pricing of Private Offering of $850 Million of 0.625% Cash Exchangeable Senior … (businesswire.com)
TEAM stock opened at $55.17 on Thursday. The company has a market capitalization of $5,874.35, a PE ratio of -1,839.00 and a beta of 2.29. Atlassian has a 12 month low of $32.45 and a 12 month high of $62.78.
A number of brokerages have issued reports on TEAM. Zacks Investment Research raised shares of Atlassian from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a report on Wednesday. Canaccord Genuity increased their target price on shares of Atlassian from $60.00 to $65.00 and gave the company a “buy” rating in a report on Friday, April 20th. JMP Securities cut shares of Atlassian from an “outperform” rating to a “market perform” rating in a report on Friday, April 20th. Jefferies Group cut shares of Atlassian from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. Finally, BMO Capital Markets increased their price target on shares of Atlassian from $56.00 to $65.00 and gave the company a “market perform” rating in a research report on Wednesday, April 18th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $61.30.
Atlassian Company Profile
Atlassian Corporation Plc, through its subsidiaries, provides team collaboration and productivity software solutions worldwide. It offers project tracking, content creation and sharing, real-time communication, and service management products to large and small organizations. The company's products include JIRA, a workflow management system that enables teams to plan, organize, track, and manage their work and projects; Confluence, a content collaboration platform that is used to create, share, organize, and discuss projects; HipChat that provides teams a way to communicate in real-time and share ideas, updates, codes, and files; Trello, a Web-based project management application for capturing and adding structure to fluid and fast-forming work for teams; Bitbucket, a code management and collaboration product for teams using distributed version control systems; and JIRA Service Desk, a service desk product for creating and managing service experiences for various service team providers, including IT help desks, and legal and HR teams.
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