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)....
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Atlassian: Risk/Reward Still Not Attractive