Ticker delayed 20 minutes
Avg Daily Volume: 1,496,390 Market Cap: 30.85B Sector: None Short Interest: 10.82 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .24/share REV: 351.50/M
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LAST QTR: EPS: .16/share ACTUAL: .20/share (BEAT)
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NEXT QTR: EPS: .26/share REV: 381.50/M
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FULL YR: EPS: 1.01/share REV: 1,550/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 73% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 11.36, -9.83, 7.61
EXPECTED JUMP MOVE: 10-12%
Links To Latest News and Headlines
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) fell 11.9% in the morning session after the company reported first-quarter results with some challenges in the cloud business raising concerns. Management noted that paid seat expansion remained challenged due to continued softness in the SMB segment, which is in line with the trends observed in the previous quarter.
Atlassian’s (TEAM) third-quarter fiscal 2024 results reflect benefits from growing migrations, new customers, monthly active usage, robust cross-sell and upsell, as well as a low churn rate.
(Bloomberg) — Atlassian Corp. Co-Chief Executive Officer Scott Farquhar is stepping down from the Australian software company he helped start more than two decades ago, a surprise move that rattled investors. Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingFed’s Preferred Core Inflation Gauge Rose at Brisk Pace in MarchHuawei’s New Phone Runs Latest Version of Made-in-China ChipBillionaire Stephe
Q3 2024 Atlassian Corp Earnings Call
Atlassian stock fell after the software maker reported fiscal Q3 earnings that topped estimates and announced Scott Farquhar will step down as co-CEO.
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ANALYSIS:
StockJumpers trajectory analysis reveals a positive market reaction to the news release. We see a beat on sales and earnings and the stock price going up post release.
We are long on the event
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OUR TRADE PLAN:
ENTRY: BUY – end of day
STOP LOSS: NA
INITIAL PROFIT TARGET: 8%
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TRADE ASSIST: YES
POST RELEASE ACTION:
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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
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