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
Team Anywhere/SAN FRANCISCO, November 30, 2023–Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced it has completed the acquisition of Loom, a video messaging platform that helps users communicate through instantly shareable videos. The global movement towards distributed work has fueled a need for new ways to help teams collaborate when they are not in the same location or even the same hemisphere. Asynchronous video has bee
Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 5.2% in the morning session after the macro provided a tailwind, as many tech stocks flashed green. Specifically, the yield on the 10-year Treasury fell below 4.3%, the first time it has dropped to these levels since September 2023. There seems to be increased optimism in the market that because inflation is stabilizing, interest rates could stabilize or even move lower. As a reminder, lower rates are a good for sto
The most you can lose on any stock (assuming you don’t use leverage) is 100% of your money. But when you pick a company…
Atlassian Corporation Plc (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, has witnessed a significant insider sell by Chief Revenue Officer Cameron Deatsch.
Atlassian is positioning itself for a rebound in the broader economy, as well as in the software industry.
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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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