Atlassian Corporation Plc - Class A Ordinary Shares (TEAM) Company Bio
Atlassian Inc. focuses on designing, developing, and producing prepackaged computer software. The company makes software for developers for such tasks as tracking and testing code and communicating among teams through its HipChat tool. The company was founded in 2005 and is based in San Francisco, California.
TEAM Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Atlassian Corp Plc. To summarize, we found that Atlassian Corp Plc ranked in the 39th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. As for the metrics that stood out in our discounted cash flow analysis of Atlassian Corp Plc, consider:
Atlassian Corp Plc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Atlassian Corp Plc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -5.98. This coverage rate is greater than that of only 11.01% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Technology), Atlassian Corp Plc has a reliance on debt greater than merely 18.55% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Technology that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as TEAM, try SCKT, AMAT, CDK, FLIR, and HQY.
Summary List Placement When Aileen Horgan agreed to meet the leadership of chaos engineering startup Gremlin this summer, she wasn't looking to leave the $43 billion software giant Atlassian, where she spent seven years of her career. But the firm won her over: She joined as Gremlin's vice president of marketing in August, the company announced Tuesday, where she'll be responsible for spreading the gospel of chaos engineering. The term refers to a process where companies allow developers to try to safely break systems to test for vulnerabilities and see whether they can withstand outages — Netflix coined the term to describe its system of making sure the site could handle the rigor of its millions of viewers without breaking down. Ex-Netflix engineers cofounded Gremlin in 2016 to focus ...
On Monday, shares of Atlassian Corporation (NASDAQ: TEAM) saw unusual options activity. After the option alert, the stock price moved up to $174.29. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: PUT * Expiration Date: 2020-10-02 * Strike Price: $155.00 * Volume: 3238 * Open Interest: 24Three Ways Options Activity Is 'Unusual'Exceptionally large volume is one way options activity can be considered unusual. The volume of options activity refers to the number of shares contracts traded for a day. Contracts that have been traded, but not closed by a counter-party, are called open interest. A purchased contract cannot be considered closed until there exists both a buyer and seller for the option.A contract with an expiration date in the distant future is another tell...
Buying software is no different. Atlassian (NASDAQ: TEAM) has a suite of five core software applications that support its mission to "unleash the power of every team." In March, to help attract customers during the coronavirus pandemic, management opened up its flagship Jira and Confluence cloud-based tools for free trials, making all of the company's cloud applications available to small teams for free.
Atlassian Corporation PLC (NASDAQ: TEAM ) is poised to benefit from the ongoing shift to application development, its low-touch model and its efforts to move toward cloud subscriptions, according to Piper Sandler. The Atlassian Analyst: James Fish initiated coverage of Atlassian with an Overweight rating and $212 price target. The Atlassian Takeaways: The stock’s premium valuation to peers is justified given “Atlassian’s market position, higher outyear growth, and better FCF margin,” Fish said in a Tuesday initiation note. The analyst named four reasons for the bullish rating: “First, the on-going shift towards application development as … Full story available on Benzinga.com