|Bid||132.54 x 800|
|Ask||132.88 x 900|
|Day's Range||132.42 - 135.54|
|52 Week Range||87.18 - 149.80|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 22, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||151.13|
If you're looking for stocks that are setting up in a base ahead of their next earnings report, here's one that fits the bill: Atlassian. It's expected to release its latest numbers around Jan.
Atlassian Corporation PLC (TEAM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that it will release financial results for the second quarter of fiscal year 2020 ended December 31, 2019 after market close on Thursday, January 23, 2020. Atlassian will host a webcast and conference call to discuss the financial results at 2:00 P.M. Pacific Time. In conjunction with its earnings press release, Atlassian will post a shareholder letter to the Investor Relations section of its website at https://investors.atlassian.com/.
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Atlassian Corporation Plc (NASDAQ:TEAM) shareholders might be concerned after seeing the share price drop 10% in the...
Atlassian has a portfolio of developer tools like Bitbucket, Jira and Confluence. It also has a marketplace with thousands of add-ons. "Forge will empower developers to more easily build and run enterprise-ready cloud apps that integrate with Atlassian products," the company wrote in a blog post announcing the new tools.
Atlassian Corporation Plc (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced that members of senior management will present at the following investor conference:
We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of Atlassian Corporation Plc (NASDAQ:TEAM) based on that […]
Today we're going to take a look at the well-established Atlassian Corporation Plc (NASDAQ:TEAM). The company's stock...
Atlassian Corporation PLC (NASDAQ: TEAM ) doesn't need to “perform heroics” to achieve a $10 billion revenue scale by fiscal 2027-2029, with Jira sustaining 30% growth and the company using tuck-in mergers ...
Which stocks are ready to take off in 2020? This is the question growth investors constantly have on their minds. However, finding these stocks that are primed for explosive growth is no simple task.That’s where TipRanks comes in. Using the platform’s Stock Screener tool, I got access to market data that let me zero in on 3 stocks with strong long-term growth narratives.I’m putting these names at the top of my buy list based on their upside potential from the current share price. We’re talking 20% or more here. Not to mention each boasts a “Strong Buy” consensus rating, which is generated from all ratings assigned by Wall Street analysts over the last three months. Here are the 3 monster growth stocks poised to soar in 2020: L3Harris Technologies (LHX)L3Harris is a technology, defense and information services provider that designs C6ISR systems and products, wireless equipment and tactical radios. The company, which is a product of the Harris Corporation and L3 Technologies merger this past June, looks poised to deliver gains in 2020 on top of the 47% year-to-date growth it has already achieved.LHX has the advantage over other defense companies in that the merger has led to several synergies. For example, the combination of antennas from L3 and combined processing from Harris for avionics applications and the integration of Harris’ payloads on L3’s airborne platforms is expected to lead to an increase in revenue generation.4-star Morgan Stanley analyst Rajeev Lalwani also sees possible wins from the company's tactical radios that include Manpack, its electronics for F-35 and its electronic warfare for F-16 and F-18. All of this lends the analyst to his conclusion that LHX has “positioned itself as one of the better margin narratives in the industry”.Lalwani rates LHX stock a "buy" along with $259 price target. If everything goes as planned, LHX will soar about 30% over the next 12 months. (To watch Lalwani's track record, click here)“Given above-average potential around sales growth, margin expansion, FCF generation, and capital returns, alongside a leadership team that has previously executed, we see no reason why the legacy HRS premium valuation should not be retained has previously executed, we see no reason why the legacy HRS premium valuation should not be retained,” Lalwani added.The rest of the Street takes a similar approach when it comes to LHX. The defense stock sports a ‘Strong Buy’ analyst consensus and $238 average price target, indicating 20% upside potential. (See L3Harris stock analysis on TipRanks) Facebook (FB)Facebook has been a tear this year — with shares soaring 42% — and analysts say the gains may not be done yet.Ahead of its upcoming Q3 earnings release, the Street is standing firmly in Facebook’s corner with both Barclays and Deutsche Bank recently publishing bullish calls.Based on each firm’s channel checks, demand for Facebook ads remains healthy. According to Deutsche Bank’s Lloyd Walmsley, data indicates that there wasn’t any ad spend deceleration from the second quarter and that same client spending improved for FB.Adding to the good news, Walmsley sees gains in store thanks to Instagram Checkout as well as the company’s focus on monetizing Instagram influencers. Instagram Checkout lets users easily buy products they discover on the social media platform. Its growing number of partners and the addition of new features like alerts is expected to contribute to impressive top-line results in 2020.Walmsley rates FB stock a Buy along with $230 price target, which implies about 23% upside from current levels. (To watch Walmsley's track record, click here)Similarly, Barclays’ Ross Sandler likes what he’s seeing. “We get the sense that Facebook is starting to come out of the privacy and regulatory fog it has been in the past two years, and get back to a stronger innovation cycle. Management likely paints a scenario of steady deceleration and heavy investment for 2020, but we think Facebook may be the only mega-cap to see margin expansion and rapidly accelerating EPS growth next year,” the analyst explained.As a result, the 5 star analyst reiterated his Buy rating and $240 price target. He is confident in FB’s ability to surge 29% over the next twelve months. (To watch Sandler’s track record, click here)Overall, Wall Street is clearly bullish on FB. With 7 Buy ratings received from top analysts in just the last 25 days, it’s no wonder the stock has a ‘Strong Buy’ analyst consensus. In general, analysts see 28% upside potential for FB based on its $237 average price target. (See Facebook stock analysis on TipRanks) Atlassian (TEAM)Despite some recent shakiness, Atlassian stock is up over 30% year-to-date, and several Wall Street analysts believe it remains one of the strongest names in the software space.According to 5-star SunTrust analyst Joel Fishbein, the force behind popular software products like JIRA and Service Desk presents investors with an exciting growth opportunity thanks to upcoming catalysts. Specifically, TEAM’s partnership with Okta (OKTA) could drive significant growth. The collaboration will see Okta's authentication technology integrated into Atlassian's cloud products, allowing IT admins to automate provisioning. The analyst notes that this partnership as well as the enhancement of its cloud products through its Code Barrel acquisition could result in annual contract value (ACV) expansion.Fishbein believes that these positive catalysts and its solid past performance make it a stand-out. On October 17, TEAM reported that during its fiscal first quarter, it saw revenue gain 36% year-over-year and added more than 7,000 new net customers.“Atlassian’s low touch sales and marketing, viral product adoption, focus on R&D and product innovation, and highly profitable model sets them apart in a crowded field,” the top analyst commented. This prompted him to rate the stock a Buy along with $162 price target, which implies about 40% upside potential. (To watch Fishbein’s track record, click here)The rest of the Street echoes the analyst’s sentiment. 8 Buy ratings and 2 Holds received in the last three months add up to a ‘Strong Buy’ analyst consensus. Additionally, its $153 average price target puts the upside potential at 31%. (See Atlassian stock analysis on TipRanks)
Cloud security company Okta (NASDAQ:OKTA) had a tremendous couple of years. Since trading at just $22.60 in early 2017, it quickly became a crowd favorite, soaring as high as $141.85. Since then, OKTA has crashed 34% off those highs. However, the plunge in OKTA stock has created a long-term buying opportunity.Source: Sundry Photography / Shutterstock.com A part of this opportunity comes from the fact that the company has disrupted the cloud-based security market, using a unique identity-based approach to security.For example, its Identity Platform assists companies of all sizes with tracking how their employees access and use cloud-based applications from anywhere in the world. While that may not seem important, consider this: Up to 81% of all data breaches have been caused by weak and even reused passwords, according to Verizon's (NYSE:VZ) 2017 Data Breach Investigations Report.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat can put an entire organization at risk, and that's where Okta comes into play. Okta Stock Is a Game-ChangerWith its cybersecurity tools, Okta tapped into a sweet spot of a market expected to grow 13% per year to $23.4 billion by 2025, according to Zion Market Research."The rising momentum of web-based applications and remote working has led the users to stay connected with organizational resources without putting security at risk. Moreover, organizations are hosting applications on the cloud, making it extremely important to manage their authentication and authorization for various applications and organizational data, thereby driving the identity and access management market," Zion notes. * 10 Stocks to Sell Before December's Meltdown Thanks to Okta's unique approach to protecting cloud security, it will benefit from that significantly. Its Identity Cloud Platform, for example allows people to securely access a network through a multi-factor authentication and sign-in security process. That alone can stop unauthorized visits. Then, once a user has been verified, they can access apps they've been granted access to, including cloud-based applications.The company also launched SecurityInsights, which provides companies with personalized security detection and solution capability. This allows users to report suspicious activity, helping companies take quick action against potential cyberattacks.Okta also partnered with software company Atlassian (NASDAQ:TEAM). Companies can now integrate Okta's authentication technology into Atlassian cloud products, giving users secure access in a safer online environment. Okta Fundamentals Are ImprovingGranted, OKTA stock did drop 34% from September. However, the pullback is temporary.For one, the company remains in net loss territory. As Demitrios Kalogeropoulos pointed out in his OKTA earnings breakdown for the Motley Fool, this net loss comes even after the company increased its cash burn to 1% of revenue from 6% of revenue year-over-year.With that, and a new private offering of $1 billion worth of convertible debt notes, nervous investors sent the stock lower.However, I'm not greatly concerned by that, and see further upside in the stock, especially with earnings. In fact, in recent months, "[t]he company reported sales of $141 million, representing 49% growth year over year."As Kalogeropoulos notes, that was also well above company predictions for $131 million in sales. Meanwhile, subscription revenue jumped 51% to $132.5 million. Okta also added about 450 customers, growing its total customer base to more than 7,000, which includes some of the world's largest companies.Going forward, Okta raised its outlook for the second straight quarter, "targeting fiscal-year sales of between $560 million and $563 million." That's up from expectations of "between $543 million and $548 million" from May 2019. It's also up from the $530 million to $535 million forecast set at the start of the year. The only issue is a stable profit. "Non-GAAP net losses are on track to land at between $0.44 and $0.42 per share this year, compared with $0.32 per share last year," Kalogeropoulos writes. * 7 Software Stocks to Buy for Growth The Bottom Line on Okta Inc StockWhile I'm not happy seeing losses push higher, I'm confident in the company's longer-term outlook with explosive earnings and forecasts. Given its exposure to a growing cybersecurity market, and big demand from global businesses, I'm also not concerned about its growth.Long-term, OKTA stock is a winner that hit a temporary rough patch. I don't believe it's anything to be concerned with. Instead, we should focus on the long-term growth story here. With sizable growth prospects, it's tough to argue for further downside.With patience, I expect Okta Inc stock to resume its powerful uptrend, especially since cybersecurity issues show no signs of cooling.As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post The Correction Is a Solid Opportunity to Buy Okta Stock appeared first on InvestorPlace.
Technology stocks led losses Friday as indexes accelerated their declines at midday and Dow components Boeing and Johnson & Johnson sold off on bad news.
KeyBanc Capital Markets analyst Alex Kurtz maintained an Overweight rating on Atlassian with a $150 price target. Mizuho Securities analyst Gregg Moskowitz reiterated a Buy rating and $152 price target.
Futures: The stock market rally has made impressive gains, but can the indexes hit all-time highs? Atlassian and Intuitive Surgical were key earnings movers late.
Atlassian earnings and revenue topped fiscal Q1 estimates on Thursday while guidance edged by Wall Street targets. Atlassian stock initially fell on the news but then reversed.
Atlassian Corporation PLC (TEAM) delivered earnings and revenue surprises of 16.67% and 3.40%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?