StockNews.AI
TEAM
Benzinga
109 days

These Analysts Cut Their Forecasts On Atlassian After Q3 Results

1. Atlassian reported $1.36 billion revenue, beating estimates. 2. Fourth-quarter revenue guidance lowered to $1.35-$1.36 billion. 3. Cloud revenue growth expected at 23%, data center at 16.5%. 4. Shares dropped 7.2% after weak guidance announcement. 5. Analysts adjusted price targets downward post-earnings report.

4m saved
Insight
Article

FAQ

Why Bearish?

Despite beating revenue estimates, lowered guidance typically signals weakness. Historical trends show price drops following conservative forecasts.

How important is it?

The weak guidance significantly impacts investor sentiment, outweighing upbeat earnings.

Why Short Term?

Immediate market reaction likely due to guidance; long-term impact uncertain as growth may stabilize.

Related Companies

Related News