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Atlassian Corporation (TEAM) Surges: Stock Moves 5.9% Higher

Atlassian Corporation Plc TEAM was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $101.94 to $114.45 in the past one-month time frame.

The company has seen 10 negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Atlassian Corporation currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

Atlassian Corporation PLC Price

Atlassian Corporation PLC Price | Atlassian Corporation PLC Quote

Investors interested in the Internet - Software industry may consider MongoDB, Inc. MDB, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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