|Bid||110.80 x 1000|
|Ask||110.93 x 1100|
|Day's Range||109.64 - 111.51|
|52 Week Range||50.84 - 112.58|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 17, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||107.87|
Atlassian Corporation PLC (TEAM) closed at $110.27 in the latest trading session, marking a -0.19% move from the prior day.
PagerDuty had a $15.3 million net loss on sales of $31.2 million in the quarter that ended on Oct. 31. Competitors include Atlassian and Splunk, who entered the market through acquisition. PagerDuty , whose software helps companies respond quickly when their websites go down, is preparing to hit the public markets.
Salesforce.com and Microsoft will leverage their cloud-computing prowess to drive further growth, says a Mizuho Securities analyst that called both companies “top picks” in software.
Investing can be hard but the potential fo an individual stock to pay off big time inspires us. But when you hold the right stock for the right time period,Read More...
A two-month rally in enterprise software and cybersecurity stocks gave way to profit-taking on Monday when shares in Salesforce, Twilio, Atlassian, Splunk, and other companies took a hit.
The key market indexes moved off their session lows heading into the last hour of regular trade. The Dow led the downside as health care names weighed.
Netflix, Palo Alto Networks, Salesforce.com and Lululemon are among 40 stocks expecting 25% to 200% earnings growth in 2019.
Shares of software stocks are getting crunched in Monday afternoon trading, as investors await Salesforce.com Inc.'s earnings report after the bell. Okta Inc.'s stock is among the biggest losers in Monday's session, down more than 8%. Atlassian Inc. shares are down roughly 6%, while Veeva Systems Inc. , Splunk Inc. , and Workday Inc. shares are all down about 5%. Nutanix Inc. shares dropped again following a downgrade at Raymond James. The SPDR S&P Software & Services ETF is off 2.8% in Monday trading. It has gained 15.5% over the past three months, while the S&P 500 has risen 2.9%.
(Bloomberg Opinion) -- Those of us who write about technology and financial markets spent a good chunk of last year chronicling the ups and downs of FAANG stocks (or FAAMGs), the awful acronyms for a handful of successful U.S. tech companies.
Box stock tumbled more than 20% in late trading after the cloud storage firm reported fourth-quarter earnings that topped analyst forecasts but offered guidance that was below consensus. At the time, Box had reported a big jump in sales and raised its sales guidance to $609.2 million. Box’s profit, however, is set to be short-lived, as the company said it would lose five cents to six cents a share during its fiscal first quarter, below forecasts for a loss of one cent. Box also said it would report somewhere between a loss of three cents a share and profit of one cent a share during fiscal 2020.
In the latest trading session, Atlassian Corporation PLC (TEAM) closed at $106.75, marking a +1.43% move from the previous day.
Could jeans destroy the stock market's uptrend? Could Levi's be the straw that breaks the bull camel's back? When people try to fathom what can crush the animal spirits they always retreat to the same old same old -- a break-up of the trade negotiations with China, a more forceful Fed, another government shutdown.
Shares of DocuSign Inc. are up 1.2% in afternoon trading Wednesday after Deutsche Bank analyst Karl Keirstead upgraded the stock to buy from hold and raised his price target to $65 from $50. He wrote of "solid field checks" based on his conversations with large customers. "The overall software space appears to be powering through the recent macro/IT concerns, with several names (ServiceNow , Zendesk , Atlassian , RingCentral [s:rng] , Twilio ) posting accelerating growth, increasing our comfort with DocuSign's fiscal 2020 outlook," he wrote. Keirstead expects that customers wouldn't cut back on their DocuSign spending "even in a recession" due to cost savings. The stock has gained 25% over the past three months, as the S&P 500 has risen 1%.
After tech stocks ended 2018 on a treacherous note, the new year has brought renewed prosperity to the sector. Software stocks in particular are rallying.Adobe Systems (NASDAQ:ADBE) is no exception. From its recent low of $205 per share, the Adobe stock price is back up to $258. That puts ADBE stock within striking range of its all-time high price of $277.Across the sector, investors are chasing stocks to fresh new heights. On Monday, a variety of cloud and software plays hit 52-week or all-time highs. Among the names in that category were Shopify (NYSE:SHOP), Coupa Software(NASDAQ:COUP), Smartsheet (NYSE:SMAR), Atlassian (NASDAQ:TEAM), Workday (NASDAQ:WDAY), and VMware (NYSE:VMW), among others.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 9 U.S. Stocks That Are Coming to Life Again So Adobe stock should be going up, since the sector is on fire. Adobe's recent strong performance has little connection to its own particular fundamentals. And given the hotness of the tech sector, savvy traders should consider selling tech stocks and taking profits at this point. For Adobe, 2018 Was a Great YearAdobe has delivered impressive growth in recent years, and that trend continued in 2018. Rather remarkably, the revenue increases of both major Adobe business units were almost equal. The company's Digital Media unit, which accounts for roughly a third of its revenue, generated top-line growth of 27%. The sales of Adobe's core Digital Media business, which accounts for around 70% of Adobe's revenues, increased by 26%. With the revenue of both major divisions increasing more than 25% annually, the company is clearly doing well.You may have seen some griping about Adobe's last earnings report of 2018. The company's earnings per share did come in below analysts' consensus estimate, but its revenue came in above the consensus outlook. The earnings shortfall was due to costs related to Adobe's acquisition of Marketo. In the long-run, a near-term earnings miss due to M&A won't affect the company's outlook meaningfully.What is important is that Adobe is no longer just the world's best image-software company; it now offers a broader business solutions package. Adobe purchased both Marketo and Magento recently. Marketo does B2B marketing while Magento offers digital-marketing solutions. By offering its customers a rich suite of software solutions, Adobe has gained many synergies.Adobe's revenue jumped nearly 25% last year. Probably not coincidentally, Adobe stock rallied 29% in 2018. Investors tend to price a company like Adobe based on its sales, so it makes sense that ADBE stock rose during a year in which its revenue surged. However, the situation could change in 2019. Adobe Stock Is ExpensiveThose who are bearish on ADBE stock can point out an obvious, if true, statement: Adobe stock is really pricey. On a trailing basis, Adobe stock has a price-earnings ratio of 50. Now, to be fair, ADBE had some one-tine costs in 2018. But the company's forward P/E ratio stands at 27. That's still quite pricey, especially since analysts have already baked healthy growth into their 2019 projections.On a price-sales basis, ADBE stock looks even more expensive. It is currently going for more than 14 times its sales. The normal rule of thumb for fast-growing tech stocks is that they are valued fairly if they're trading at ten times their sales.Consider that even if Adobe's revenue jumps 24% again in 2019, it will still be selling for a touch over ten times its sales. Various peers of Adobe are selling for between eight and ten times their sales at the moment, suggesting that Adobe stock price could drop considerably if the valuation of ADBE stock drops to levels that are more in-line with the rest of the tech sector. How Much Can the Experience Cloud Grow?The big question for ADBE stock, at least for long-term investors, is how far its so-called experience cloud can run. After integrating Marketo, Magento, Tubemogul, and other acquisitions, Adobe is now seen as a leader in the still-emerging marketing-cloud space. As is often the case in tech, Adobe's first- mover advantage in that area appears to be huge.Bulls are buying up Adobe stock because of their belief that the company will become the entrenched leader in the space. Even so, it's worth asking just how much that achievement would be worth. Consider that the shares of the current leader of the marketing-software space, Salesfore.com (NYSE:CRM), are selling for just 9.5 times its sales.Adobe stock would have to drop around 30% to reach Salesforce's valuation. And Salesforce isn't exactly considered a value stock ,either. Salesforce has posted average annual revenue growth of 28% over the past five years, and analysts don't expect that to change much. Does Adobe stock deserve such a large premium over Salesforce's shares? The Verdict on Adobe StockGiven the great enthusiasm we are seeing for tech and software stocks, it seems tempting to hold Adobe stock into its earnings which are slated to be announced next month. However, I'd urge investors to be cautious about ADBE stock. Much of the recent gains of Adobe stock price have been triggered by the rallies of other cloud names.But Adobe still has to prove its own merits. Analysts will be looking at the company's M&A costs closely. And with 25% revenue growth already baked into investors' expectations, Adobe stock may not have all that much room to advance further even if its numbers are relatively strong.With tech stocks on fire, it seems like a good time to take some chips off the table, whether we're talking about ADBE stock or other names in the sector that are making fresh, new all-time highs.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Video Game Stocks to Power Up Your Portfolio! * 7 Forever Stocks to Buy for Long-Term Gains * 5 Self-Driving Car Stocks to Buy Compare Brokers The post Investors Should Sell Adobe Stock appeared first on InvestorPlace.
The best mutual funds just invested over $1 billion each in Netflix and Splunk, taking big positions in Veeva, Atlassian and ServiceNow as well.
Atlassian Corporation Plc , a leading provider of team collaboration and productivity software, today announced that members of senior management will present at the
Veeva Systems, Splunk, Horizon Pharma, Incyte, and Ciena are among 17 highly rated stocks expecting 52% to 2,200% Q4 earnings growth.
In this daily bar chart of TEAM, below, we can see an uptrend in place the past 12 months. The daily On-Balance-Volume (OBV) line has been moving from the lower left to the upper right on the chart which tells us we are in an uptrend. A rising OBV line signals that buyers of TEAM have been more aggressive.
Atlassian Corporation (TEAM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Cloud-software companies flew higher in Thursday trading after a strong earnings report from ServiceNow Inc. that sent that company's stock to record highs. ServiceNow headed more than 14% higher in Thursday trading, challenging for its largest single-day percentage gain in history, currently trailing only a 15.3% gain on April 25, 2013. The cloud-software company reported stronger-than-expected earnings after the bell Wednesday, thanks to strength with larger customers buying a range of services, according to analysts. "Turns out Enterprise still very interested in best-of-breed software platforms," Stifel analysts wrote while raising their price target on the stock from $180 to $210. Other cloud-software companies also hit all-time highs thanks to big gains, including security company Zscaler Inc. , which was up more than 6% Thursday; Workday Inc. , which was up more than 5%; and Atlassian PLC , which tied an intraday record high and was headed for a closing high with gains of more than 4%. The iShares Expanded Tech-Software Sector ETF was trading 2% higher, beating gains for the Nasdaq Composite Index and S&P 500 index.
Alphabet-unit Google could buy an enterprise software company to boost its cloud computing business, says a Wedbush Securities analyst, joining others on Wall Street.