Jefferies Maintains Atlassian Corporation PLC to Buy with Price Target $39.00

Brokerage firm Jefferies Maintains its rating on Atlassian Corporation PLC(NASDAQ:TEAM). In a research note issued to the investors, the brokerage major Raises the price-target to $39.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, Oppenheimer said it Initiates Coverage on Atlassian Corporation PLC, according to a research note issued on May 26, 2016. The shares have been rated ‘Outperform’ by the firm.

Atlassian Corporation PLC(TEAM) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $127.59M. Analysts had an estimated revenue of $124.26M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.05.

Atlassian Corporation Plc is engaged in designing developing licensing and maintaining of software and the provisioning of software hosting services. The Company’s products include JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team messaging and communications; Bitbucket for team code sharing and management and JIRA Service Desk for team services and support applications. It offers tools for software developers such as FishEye Bamboo and SourceTree. Its products are built upon a platform of shared components and services that provide a common system for user management add-ons search and user interfaces. It also offers Atlassian Connect which is a framework to build add-ons for its products. Its marketplace is a hosted online marketplace for free and purchasable add-ons and extensions to its products. Its Atlassian Engagement Engine tracks and analyzes user profile and behavior data.

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