Atlassian stock Popped 26% as results, outlook beat Street view

Tiger Newspress2021-07-30

Atlassian Corp. shares surged 26% in Friday morning trading after the business collaboration software company's results and outlook topped the Wall Street consensus.

The company reported a fiscal fourth-quarter loss of $213.1 million, or 85 cents a share, compared with a loss of $385.2 million, or $1.56 a share, in the year-ago period. Adjusted earnings, which exclude stock-based compensation expenses and other items, were 24 cents a share, compared with 25 cents a share in the year-ago period. Revenue rose to $559.5 million from $430.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast 18 cents a share on revenue of $471.6 million. Atlassian forecast adjusted earnings of 38 cents to 39 cents a share on revenue of $575 million to $590 million for the first quarter. Analysts had estimated 30 cents a share on revenue of $539.1 million.

Atlassian stock price target raised to $370 from $310 at Mizuho.

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Comments

Johnnydoe
2021-08-01
Johnnydoe
Thats mad
Kellywan73
2021-08-01
Kellywan73
Good news
Barbarazhao
2021-07-31
Barbarazhao
Great news indeed
冰眼
2021-07-31
冰眼
Pls like
PanaCota
2021-07-31
PanaCota
Ok
- MinM:
  Yeaa
Jcbduck
2021-07-30
Jcbduck
Good job

Leave a comment

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