Atlassian (TEAM) Stock: Why It Increased 16.57%

By Amit Chowdhry ● Aug 6, 2022
  • The stock price of Atlassian (TEAM) increased by 16.57% in the previous trading session. This is why.

The stock price of Atlassian (TEAM) increased by 16.57% in the previous trading session. Investors are responding to the company’s fourth-quarter results.

Atlassian had reported a Q4 EPS of $0.27, which was in line with analyst estimates of $0.27. And the revenue for the quarter was $760 million compared to the consensus estimate of $723.7 million. 

In terms of guidance, Atlassian expects a Q1 2023 EPS of between $0.37 and $0.38 compared to the consensus of $0.37. And Atlassian expects a Q1 2023 revenue of between $795 million and $810 million compared to the consensus of $773.49 million.