Atlassian Shines In Q4, Besting Estimates On EPS AND Revenue

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Atlassian Intrinsic Value – Atlassian ($NASDAQ:TEAM) reported strong results for its fourth quarter, beating estimates on both earnings per share and revenue. Cloud revenue rose 55% year-over-year, and total revenue rose 36%. Net income increased to $68.1 million, compared to $62.2 million in the year-ago quarter. This strong performance is likely to have a positive effect on Atlassian’s market share and earnings in the long term.

Market Reaction

The stock soared 16.6% on the news, opening at $245.7 and closing at $268.6. This was ATLASSIAN’s first full quarter results since going public in December, and investors were clearly pleased with the results. Given the strong fourth quarter results, these estimates seem achievable and ATLASSIAN’s stock is likely to continue to outperform in the near-term.

VI Analysis – Atlassian Intrinsic Value

ATLASSIAN’s fundamentals reflect its long term potential. Atlassian Intrinsic Value is around $286.8, calculated by VI Line. Currently, ATLASSIAN stock is traded at $268.6, which is a fair price that is undervalued by 5.25%. For further stock analysis, please visit our website.

Summary

ATLASSIAN is a publicly traded Australian software company that develops products for software developers and project managers. ATLASSIAN’s products include JIRA, Confluence, Bitbucket, and Hipchat. The company’s stock price rose 16.6% the day after it reported its fourth quarter results. This was due to the strong results, which beat analyst estimates. Investors are bullish on ATLASSIAN because of its strong financial performance and growth prospects. The company is well-positioned to benefit from the growing trend of agile software development and DevOps.