Why Atlassian Corporation Plc Stock Gained 37.6% in October
Shares of Atlassian Corporation Plc (NASDAQ: TEAM) gained 37.6% in October, according to data provided by S&P Global Market Intelligence. The movement was primarily driven by the company's better-than-expected first-quarter results.
Image source: Altassian.
Atlassian reported earnings on Oct. 19 and gave shareholders plenty to be happy about. The average analyst estimate had called for the enterprise software company to record adjusted profits of $0.09 per share, but actual adjusted profits came in at $0.12 per share -- a 20% improvement over the prior-year period. Sales also came in ahead of the market's expectations, increasing 42% year over year to reach roughly $194 million.
Source: Fool.com
Atlassian Corp. Stock
€164.56
-2.080%
Our community is currently high on Atlassian Corp. with 15 Buy predictions and 4 Sell predictions.
With a target price of 180 € there is a slightly positive potential of 9.38% for Atlassian Corp. compared to the current price of 164.56 €.
