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Atlassian Corporation (TEAM) in Focus: Stock Moves 10.5% Higher

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Atlassian Corporation Plc (TEAM - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This continues the recent uptrend for the company—as the stock is now up 16.6% in the past one-month time frame.

The move came after the company reported solid fourth-quarter and fiscal 2018 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Atlassian Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Atlassian Corporation PLC Price

A better-ranked stock in the Internet-Software industry is Model N, Inc. (MODN - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is TEAM going up? Or down? Predict to see what others think: Up or Down

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Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

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