When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
TEAM - Atlassian: Risk/Reward Still Not Attractive
Atlassian Corporation Plc
2024-05-09 03:51:51 ET
Summary
Atlassian's Q3 2024 results showed strong earnings growth, but the stock price declined due to concerns over Q4 guidance and Co-CEO stepping down.
Atlassian aims to achieve $10 billion in revenue over the next five years.
The company's strategic initiatives are on track, but competition and weakness in the SMB segment pose risks.
Strong Q3 But Concerning Q4 Guidance
Atlassian ( TEAM ) released its Q3 2024 earnings report on April 25, delivering strong revenue and EPS growth of 30% and 65% YoY, respectively (see below)....