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Atlassian: Time To Wade Into This Battered Stock (Upgrade)
Seeking Alpha· 2025-05-24 09:57
Group 1 - The market is experiencing heightened volatility during the Q1 earnings season, particularly affecting shares of companies with disappointing quarterly results [1] - The announcement of tariffs in April has contributed to investor unease, leading to a cautious market environment [1] - There is a potential buying opportunity arising from the current market conditions, as investors may find undervalued stocks [1] Group 2 - Gary Alexander has extensive experience in the technology sector, having worked on Wall Street and in Silicon Valley, which informs his analysis of industry trends [1] - His contributions to Seeking Alpha since 2017 highlight his engagement with the investment community and his insights into market dynamics [1]
BETTY EXPANDS LEADERSHIP TEAM WITH TWO NEW GROUP CREATIVE DIRECTORS
Prnewswire· 2025-05-20 13:00
Leadership Appointments - Kelly Roe and Nicole Meyer have been appointed as group creative directors at Betty, a Quad agency, to enhance the agency's creative output by leveraging new technologies and trends [1][2] - Roe will also serve as the creative lead for Betty's Chicago office, focusing on key accounts and mentoring talent [2][3] - Meyer has been promoted from creative director to group creative director after over a decade with the agency, where she has significantly contributed to various brands and industries [4][5] Experience and Background - Kelly Roe brings over 20 years of experience from top agencies, having worked with major brands like Mars Wrigley and Visa, and has received numerous awards including Cannes Lions and Effies [3][4] - Nicole Meyer has worked on notable campaigns for brands such as Arizona Office of Tourism and Target, and has received recognition from various prestigious outlets and awards [5][6] Agency Vision and Culture - Roe expressed enthusiasm for Betty's creative ambition and strategic clarity, aiming to create culturally resonant work that drives business [4] - Meyer highlighted her journey at Betty as an evolving experience, emphasizing the agency's growth and the opportunity to create breakthrough work [5][7] - Both leaders will report to Senior Vice President, Executive Creative Director Heath Pochucha, who praised their distinct creative energies and leadership styles [6][7] Company Overview - Betty, a Quad agency, specializes in strategy, creative, design, and content, aiming to deliver inventive ideas that drive results for clients [8] - Quad operates as a marketing experience company, providing integrated marketing and print services to approximately 2,100 clients across various industries [9][10]
Atlassian's Big Spending Spree, Smart Strategy Or Risky Gamble?
Seeking Alpha· 2025-05-16 15:00
Core Viewpoint - The company Atlassian (NASDAQ: TEAM) is currently undervalued, trading at $225, significantly below its 52-week high of $326.00, indicating a potential investment opportunity [1]. Group 1 - Atlassian has over 15 years of market experience and is focused on providing a clear and disciplined analysis of its business performance [1]. - The analysis emphasizes a data-driven approach, prioritizing numerical performance over narratives [1].
Why Atlassian (TEAM) International Revenue Trends Deserve Your Attention
ZACKS· 2025-05-13 14:22
Core Insights - Atlassian's international operations are crucial for understanding its financial strength and growth potential [1][2] - The company's total revenue for the quarter ending March 2025 was $1.36 billion, reflecting a year-over-year increase of 14.1% [4] International Revenue Breakdown - EMEA contributed 40.00% of total revenue, amounting to $542.69 million, which was a slight miss compared to analyst expectations of $546.91 million [5] - Asia Pacific accounted for 11.00% of total revenue, generating $149.24 million, exceeding analyst expectations of $148.62 million [6] Revenue Forecasts - Analysts project total revenue for the current fiscal quarter to reach $1.35 billion, a 19.7% increase from the same quarter last year, with EMEA expected to contribute 40.1% ($543.18 million) and Asia Pacific 11.1% ($150.77 million) [7] - For the full year, total revenue is projected at $5.18 billion, an 18.9% rise from the previous year, with EMEA expected to contribute $2.08 billion and Asia Pacific $574.59 million [8] Market Context - The interconnected global economy makes international market engagement vital for financial success and growth [2][10] - Analysts are closely monitoring international revenue trends to refine earnings estimates, which are influenced by various factors including local market conditions [10]
金十图示:2025年05月13日(周二)全球主要科技与互联网公司市值变化
news flash· 2025-05-13 02:59
Market Capitalization Changes - Tesla's market capitalization increased by 6.75% to $1,025.4 billion [3] - TSMC's market capitalization rose by 5.93% to $969.7 billion [3] - Tencent's market capitalization grew by 4.66% to $609.8 billion [3] - Netflix's market capitalization decreased by 2.65% to $472.3 billion [3] - Oracle's market capitalization increased by 4.58% to $440.8 billion [3] Notable Performers - Shopify saw a significant increase of 13.7% in market capitalization, reaching $136.2 billion [4] - AppLovin experienced a remarkable rise of 89% to $1.177 billion [4] - AMD's market capitalization increased by 5.13% to $175.3 billion [5] - Uber's market capitalization rose by 6.39% to $184.2 billion [5] Decliners - Pinduoduo's market capitalization fell by 6.14% to $165.2 billion [4] - Xiaomi's market capitalization decreased by 2.11% to $163.4 billion [4] - Spotify's market capitalization declined by 4.23% to $127.3 billion [4] Other Companies of Interest - Adobe's market capitalization increased by 3.3% to $168.7 billion [4] - Qualcomm's market capitalization rose by 4.78% to $167.0 billion [4] - Intel's market capitalization increased by 3.55% to $96.7 billion [5] - Airbnb's market capitalization grew by 5.64% to $828 million [5]
Does Atlassian (TEAM) Have the Potential to Rally 31.18% as Wall Street Analysts Expect?
ZACKS· 2025-05-07 15:00
Group 1: Stock Performance and Price Targets - Atlassian (TEAM) closed at $207.89, with a 13.1% gain over the past four weeks, and a mean price target of $272.71 indicating a 31.2% upside potential [1] - The mean estimate consists of 24 short-term price targets with a standard deviation of $37.10, ranging from a low of $215 (3.4% increase) to a high of $370 (78% increase) [2] - A tight clustering of price targets, indicated by a low standard deviation, suggests a high degree of agreement among analysts regarding the stock's price movement [9] Group 2: Analyst Insights and Earnings Estimates - Analysts have shown increasing optimism about TEAM's earnings prospects, as evidenced by strong agreement in revising EPS estimates higher, which correlates with potential stock upside [11] - The Zacks Consensus Estimate for the current year has risen by 14.7% over the past month, with nine estimates increasing and no negative revisions [12] - TEAM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential upside [13]
Atlassian (TEAM) - 2025 Q3 - Quarterly Report
2025-05-02 20:30
Customer Growth - As of March 31, 2025, the company had more than 300,000 customers, with 50,715 customers generating over $10,000 in annualized recurring revenue from Cloud offerings[109][110]. - The number of customers with greater than $10,000 in Cloud ARR increased from 44,336 in March 2024 to 50,715 in March 2025, reflecting strong growth in the customer base[110]. Financial Performance - Total revenues increased by $167.6 million, or 14%, to $1,356.7 million for the three months ended March 31, 2025, compared to the same period in 2024[128]. - Subscription revenues rose by $201.5 million, or 19%, to $1,272.9 million, driven by paid seat expansion and price increases[129]. - Other revenues decreased by $33.9 million, or 29%, primarily due to a $27.8 million decline in maintenance revenue from the end of support for Server offerings[130]. - Net income (loss) for the three months ended March 31, 2025, was a loss of $70.8 million, compared to a net income of $12.8 million in the same period in 2024[127]. - Operating income (loss) for the three months ended March 31, 2025, was a loss of $12.5 million, compared to an income of $17.8 million in the same period of 2024[127]. - Total revenues increased by $603.9 million, or 19%, to $3,830,960 thousand for the nine months ended March 31, 2025, compared to $3,227,013 thousand for the same period in 2024[144]. - Subscription revenues rose by $762.6 million, or 27%, to $3,618,072 thousand for the nine months ended March 31, 2025, driven by paid seat expansion and price increases[145]. Cash Flow and Liquidity - Free cash flow for the three months ended March 31, 2025, was $638.3 million, an increase of $83.4 million compared to the same period in 2024, primarily due to increased cash received from customers[111]. - Net cash provided by operating activities increased by $63.1 million to $1,085,078,000 for the nine months ended March 31, 2025, compared to $1,021,940,000 for the same period in 2024[161]. - Free cash flow for the nine months ended March 31, 2025, was $1,055,225,000, compared to $1,002,418,000 for the same period in 2024[176]. - As of March 31, 2025, the company had cash and cash equivalents totaling $2.7 billion and marketable securities of $313.6 million[159]. - The company believes existing cash and cash equivalents, along with cash generated from operations, will be sufficient to meet anticipated cash needs for at least the next 12 months[170]. Expenses and Investments - Operating expenses are primarily driven by compensation expenses, which include salaries, bonuses, and stock-based compensation[119]. - Research and development expenses increased by $108.8 million, or 19%, to $685.3 million, mainly due to a $112.8 million rise in employee compensation expenses[132]. - Marketing and sales expenses grew by $72.0 million, or 32%, to $295.8 million, attributed to increased compensation and advertising expenses[133]. - General and administrative expenses rose by $10.8 million, or 7%, to $168.3 million, primarily due to higher employee compensation expenses[134]. - Research and development expenses increased by $373.6 million, or 23%, to $1,968,634 thousand for the nine months ended March 31, 2025, mainly due to increased employee compensation[148]. - Marketing and sales expenses rose by $182.2 million, or 29%, to $820,119 thousand for the nine months ended March 31, 2025, attributed to higher employee compensation and marketing event expenses[149]. - General and administrative expenses increased by $25.4 million, or 6%, to $483,694 thousand for the nine months ended March 31, 2025, primarily due to higher employee compensation[150]. Market Conditions and Risks - Economic conditions, including inflation and geopolitical tensions, may impact the company's results of operations and financial position[104]. - There have been no material changes to market risk from the information presented in the Annual Report on Form 10-K for the year ended June 30, 2024[179]. Debt and Share Repurchase - As of March 31, 2025, the company had $500 million in 5.250% senior notes due 2029 and $500 million in 5.500% senior notes due 2034[164]. - The company authorized a new share repurchase program in September 2024, allowing for the repurchase of up to $1.5 billion of Class A Common Stock, following the completion of the previous $1 billion program[167]. - Approximately 2.1 million shares of Class A Common Stock were repurchased for approximately $391.2 million at an average price of $185.57 during the nine months ended March 31, 2025[168]. Tax and Non-GAAP Measures - The projected non-GAAP tax rate for fiscal year 2025 is 26%, down from 27% for fiscal year 2024[177]. - Non-GAAP net income for the nine months ended March 31, 2025, was $716,832,000, compared to $590,982,000 for the same period in 2024[176].
These Analysts Cut Their Forecasts On Atlassian After Q3 Results
Benzinga· 2025-05-02 18:18
Core Viewpoint - Atlassian Corp reported strong fiscal third-quarter results but provided weak sales guidance for the fourth quarter, leading to a decline in share price [1][4]. Financial Performance - Third-quarter revenue was $1.36 billion, surpassing analyst estimates of $1.35 billion [1]. - Adjusted earnings for the third quarter were 97 cents per share, exceeding analyst expectations of 87 cents per share [1]. Future Guidance - For the fourth quarter, Atlassian expects revenue to be between $1.35 billion and $1.36 billion, lower than the estimated $1.42 billion [3]. - The company anticipates cloud revenue growth of 23% and data center growth of 16.5% year-over-year for the fourth quarter [3]. - Full-year 2025 revenue guidance is set at $5.19 billion, slightly above estimates of $5.18 billion [3]. Market Reaction - Following the earnings announcement, Atlassian shares fell by 7.2%, trading at $212.42 [4]. - Analysts adjusted their price targets for Atlassian, with several lowering their estimates [4][9].
Atlassian Q3 Earnings Surpass Expectations, Revenues Rise Y/Y
ZACKS· 2025-05-02 15:51
Core Insights - Atlassian (TEAM) reported strong third-quarter fiscal 2025 results, with earnings and revenues exceeding Zacks Consensus Estimates, showcasing robust growth in cloud services and AI adoption [1][2]. Financial Performance - Non-GAAP earnings per share reached 97 cents, surpassing estimates by 7.8% and reflecting a 9% increase from the previous year's 89 cents [1]. - Revenues for the quarter climbed 21.4% year over year to $1.36 billion, beating estimates by 0.72% [2]. - Subscription revenues rose 18.8% year over year to $1.27 billion, aligning with estimates, while Other revenues declined 28.8% to $83.8 million [3]. - Cloud revenues increased 25.2% to $880.4 million, Data Center revenues grew 6.7% to $388.5 million, and Marketplace and Services revenues fell 4.8% to $87.8 million [4]. - Non-GAAP gross profit increased 16.1% to $1.17 billion, with a gross margin of 86%, up 100 basis points from the prior year [5]. - Non-GAAP operating income rose 10% year over year to $348.3 million, driven by cloud growth and cost control [5]. Balance Sheet and Cash Flow - At the end of Q3 fiscal 2025, the company held $3 billion in cash and short-term investments, up from $2.5 billion in the previous quarter [6]. - Operating cash flow was $652.7 million, and free cash flow was $638.3 million during the quarter [6]. Guidance - For Q4 fiscal 2025, Atlassian projects revenues between $1.349 billion and $1.359 billion, with a non-GAAP gross margin of 84.5% and an operating margin of 22.0% [7]. - For the full fiscal 2025, the company expects revenue growth of 19% year over year, an increase from the previously announced range of 18.5-19% [8].
Atlassian (TEAM) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-05-01 23:35
Core Insights - Atlassian reported $1.36 billion in revenue for the quarter ended March 2025, marking a year-over-year increase of 14.1% and an EPS of $0.97 compared to $0.89 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $1.35 billion, resulting in a surprise of +0.72%, while the EPS also surpassed expectations by +7.78% [1] Revenue Breakdown - Subscription revenue reached $1.27 billion, slightly above the average estimate of $1.26 billion, reflecting an 18.8% year-over-year increase [4] - Cloud revenue was reported at $880.43 million, exceeding the average estimate of $866.21 million, with a year-over-year growth of 25.2% [4] - Data Center revenue was $388.52 million, close to the estimated $389.56 million, showing a 6.7% increase from the previous year [4] - Other revenue totaled $83.84 million, below the average estimate of $85.84 million, indicating a year-over-year decline of 5% [4] - Marketplace and other revenues were reported at $87.77 million, also below the estimate of $90.75 million, reflecting a year-over-year decrease of 4.8% [4] Customer Metrics - Atlassian has 300,000 customers, which is below the two-analyst average estimate of 306,393 [4] Stock Performance - Atlassian shares have returned +1.9% over the past month, contrasting with the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]