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].
These Analysts Cut Their Forecasts On Atlassian After Q3 Results