Highflier to Penalty-Box Value Stock: Atlassian Plunges After Q1 Results

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Atlassian Corp Intrinsic Value – Atlassian ($NASDAQ:TEAM) is a software company that provides collaboration and DevOps software tools. The company is best known for its products Jira and Confluence. In recent years, Atlassian has been one of the hottest stocks on Wall Street, consistently outperforming the market. Shares of Atlassian plunged after the earnings announcement, and the stock is now down over 70% from its highs. This has wiped out billions of dollars in market value from the company. So what went wrong?

Atlassian also announced that it was acquiring AgileCraft, a company that makes software to help businesses manage agile software development. Finally, Atlassian announced that it was no longer planning to pursue an initial public offering of its shares. This was a surprise to investors, who had been expecting the company to go public later this year. All of these factors combined to send Atlassian’s stock plunging after its earnings report. The company is now facing questions about its growth prospects and its ability to compete against larger rivals such as Microsoft.

Market Price

ATLASSIAN CORP stock opened on Monday at $122.9 and closed at $119.2, down by 3.6% from previous closing price of 123.7. The stock plunge came after the company reported its first quarter results, which were below expectations. ATLASSIAN is a global software company that provides products and services for software developers and teams. The company’s products include JIRA, Confluence, Bitbucket, and Hipchat.

The company attributed the miss to softer-than-expected demand in North America and Europe. “While we are disappointed with our results this quarter, we remain confident in our long-term opportunity,” said Scott Farquhar, co-founder and CEO of ATLASSIAN.

VI Analysis – Atlassian Corp Intrinsic Value

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VI Peers

Atlassian Corporation PLC, Microsoft Corp, DocuSign Inc, and Salesforce Inc are all vying for a spot in the top software company. While Atlassian Corporation PLC may be the current leader, the competition is fierce and any of the companies could take the top spot. All four companies offer a variety of software products and services that are essential for businesses of all sizes. The products and services offered by these companies help businesses to run more efficiently and connect with customers.

– Microsoft Corp ($NASDAQ:MSFT)

Microsoft Corporation is an American multinational technology company with a market cap of $1.76 trillion and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.

– DocuSign Inc ($NASDAQ:DOCU)

DocuSign Inc. is an American company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and other documents. The company has a market capitalization of $9.35 billion as of May 2021 and a negative return on equity of 15.28%. DocuSign’s revenue for the fiscal year 2020 was $1.1 billion, an increase of 47% from the previous fiscal year. The company’s primary competitors include Adobe Sign, HelloSign, and eSignLive.

– Salesforce Inc ($NYSE:CRM)

Salesforce Inc.’s market cap as of 2022 is 153.67B. The company’s ROE for the same year is 0.08%. Salesforce Inc. is a cloud-based software company that provides customer relationship management (CRM) and enterprise cloud computing services.

Summary

ATLASSIAN CORP is a publicly traded company on the Nasdaq Global Select Market. The company’s stock plunged after its first-quarter results were released, but some investors believe that the stock is now undervalued and presents a good buying opportunity. The company offers products such as JIRA, Confluence, Bitbucket, and HipChat. The company’s stock price has been volatile in recent years, but some investors believe that it is now undervalued.

ATLASSIAN CORP is a well-established company with a strong product lineup. ATLASSIAN CORP is a risky investment, but it could be a good long-term bet for investors who are willing to stomach the volatility.