Atlassian put volume heavy and directionally bearish » 13:5505/1205/12/21
Bearish flow noted in…
Bearish flow noted in Atlassian with 4,834 puts trading, or 2x expected. Most active are Jan-22 160 puts and May-21 210 puts, with total volume in those strikes near 3,200 contracts. The Put/Call Ratio is 8.85, while ATM IV is up nearly 4 points on the day. Earnings are expected on July 29th.
Atlassian put volume heavy and directionally bearish » 11:1505/1005/10/21
Bearish flow noted in…
Bearish flow noted in Atlassian with 3,049 puts trading, or 3x expected. Most active are Jun-21 150 puts and May-21 190 puts, with total volume in those strikes near 2,200 contracts. The Put/Call Ratio is 6.60, while ATM IV is up over 2 points on the day. Earnings are expected on July 29th.
|Over a week ago|
Atlassian price target raised to $275 from $260 at Canaccord » 07:5004/3004/30/21
Canaccord analyst David…
Canaccord analyst David Hynes raised the firm's price target on Atlassian to $275 from $260 and keeps a Buy rating on the shares. The analyst said the company is tracking expectations despite all the noise as revenues, billings, and cash flow were inflated by accelerated buying in advance of the discontinuation of new server license sales and price changes in the quarter.
Atlassian price target raised to $270 from $263 at Macquarie » 07:1204/3004/30/21
Macquarie analyst Frederick Havemeyer raised the firm's price target on Atlassian to $270 from $263 and keeps an Outperform rating on the shares after the company reported "robust" customer additions and "solid" average revenue per customer growth in its fiscal third quarter. He is encouraged by the recent launch of Jira Work Management, which he views as well positioned to help businesses implement robust remote working by design, and continues to like Atlassian's positioning as a leader in collaboration software, Havemeyer tells investors.
Atlassian price target raised to $285 from $270 at Mizuho » 06:3904/3004/30/21
Mizuho analyst Gregg…
Mizuho analyst Gregg Moskowitz raised the firm's price target on Atlassian to $285 from $270 and keeps a Buy rating on the shares. While the fiscal Q3 was materially influenced by pull-forward activity, that doesn't tell the whole story, as net customer adds were "exceptionally strong," and cloud migration activity doubled on a year-over-year basis, Moskowitz tells investors in a research note.
Atlassian sees Q4 EPS 17c, consensus 23c » 16:3204/2904/29/21
Sees Q4 revenue…
Sees Q4 revenue $513M-$528M, consensus $504.68M.
Atlassian reports Q3 EPS 63c, consensus 29c » 16:3104/2904/29/21
Reports Q3 revenue…
Reports Q3 revenue $568.7M, consensus $533.73M. "The Atlassian cloud platform allows us to innovate faster than ever for teams and organizations of all sizes, highlighted by our announcement of Point A," said Mike Cannon-Brookes, Atlassian's co-founder and co-CEO. "The Point A program fast-tracks our most promising ideas and vets early versions with our users, so customers can get value out of early products from day 1. Our new products are able to rapidly evolve thanks to our incredible R&D teams building on top of our multi-year cloud platform investment." "We continue to deliver innovation in the cloud in order to unleash the potential of every team," said Scott Farquhar, Atlassian's co-founder and co-CEO. "In Q3, we drove strong revenue growth and financial results, but we are most proud of how we continue to create lasting value for teams and customers in the cloud through initiatives like Open DevOps and the recent acquisitions of ThinkTilt and Chartio."
Atlassian price target raised to $270 from $265 at Wells Fargo » 08:1404/1404/14/21
Wells Fargo analyst…
Wells Fargo analyst Michael Turrin raised the firm's price target on Atlassian to $270 from $265 and keeps an Overweight rating on the shares. The analyst notes Atlassian preannounced $85M of Q3 revenue upside versus prior guidance - resulting from a pull forward in demand for server/datacenter products ahead of the end of new server license sales and on-prem product price increases.
Atlassian price target raised to $290 from $275 at DA Davidson » 07:5404/1404/14/21
DA Davidson analyst Rishi…
DA Davidson analyst Rishi Jaluria raised the firm's price target on Atlassian to $290 from $275 and keeps a Buy rating on the shares. The analyst is citing the company's better than expected Q3 pre-announcement with margin upside, driven by the on-premise pull-forward, as customers are moving to purchase on-premise versions of Atlassian products ahead of the discontinuation of new server license sales, as well as price changes to on-premise products.
Atlassian report good but considerations remain, says Canaccord » 07:2904/1404/14/21
Canaccord analyst David…
Canaccord analyst David Hynes said Atlassian's beat was a good beat but he would characterize the upside move in the shares as a one off event. He said demand for products remains healthy, upside license sales will set a higher run rate that flows into future periods, and he is encouraged to see the magnitude of the upside that was driven by marketplace revenue. He likes the story and would continue to add shares on any pullbacks. Hynes reiterated his Buy rating and $260 price target on Atlassian shares.