|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||264.97 - 289.12|
|52 Week Range||159.54 - 483.13|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 04, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||328.29|
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Software growth stocks are still looking for a catalyst as the sector lags the S&P 500. Estimates could be revised down in the next quarterly earnings reports.
Shares of Atlassian Corporation (NASDAQ: TEAM), a collaboration and productivity software company, were climbing today after the company reported its fourth-quarter results. The company's earnings were in line with Wall Street's consensus estimate, but Atlassian's top line outpaced analysts' consensus estimate. Atlassian reported non-GAAP earnings per share of $0.27 for the quarter, which was up from $0.24 per share in the year-ago quarter and on par with Wall Street's average estimate.
The software company's June-quarter revenue growth was well above expectations—and so were margins. The company hired a new CFO.