Atlassian Stock Forum

It’s crucial not just to own stocks but truly understand what these companies do. And if you can’t describe them in one sentence? Well, you might not know them well enough.
Here are the one-liners for each stock in my portfolio 👇
❄️ $SNOW - A cloud-based data warehousing platform offering scalable storage and computing, enabling enterprises to efficiently store, process, and analyze big data while paying only for used services.
🛡️ $CRWD - Their Falcon platform uses ar...

Atlassian's long-term share price growth is positive, with strong revenue growth expected to continue driving it up. However, the market's focus on revenue growth over profitability is a potential concern.

Goldman Sachs analyst Kash Rangan is worried that Atlassian's cloud transition may be delayed due to weakness from small and medium-sized businesses. Despite positive earnings, the soft revenue outlook for the next quarter is impacting shares.

Oppenheimer analysts see opportunities for Atlassian in early expansion within ITSM and Work Management, adding to their optimistic view of potential to deliver upside in CY24/25 and build cloud momentum with larger customers. Despite a 'Hold' rating at Seeking Alpha's, Wall Street analysts' average rating for Atlassian is a 'Buy'.

Despite Atlassian's high P/S, investors are comfortable due to positive revenue growth forecasts. Unless future projections alter significantly, the company's high P/S ratio may continue to support its share price.

Atlassian's stocks dipped despite positive earnings, with lower than expected cloud revenue growth guidance for FY2024 causing investor concerns over profitability and future growth.

Atlassian's revenue and profit rise due to increased demand for remote work tools. However, lowered free cash flow and gross margins, and a lighter forecast for the coming quarter might concern investors.