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After-Hours Movers: Cloudflare, DoorDash Gain on EPS; Warner Bros. Discovery Sinks

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Atlassian (TEAM) Soars on Positive 4Q and CFO Appointment

August 5, 2022 11:04 AM EDT

Atlassian Corp. (NASDAQ: TEAM) soared in pre-market trading Friday and is currently up almost 14% mid-day after the company reported 4Q results and offered some forward-looking commentary on the earnings call.

The Australian software company reported 4Q adjusted EPS of $0.27, compared to EPS of $0.24 in the year-ago period, in line with what analysts were expecting. Revenue came in at $757 million, up 35% YoY, ahead of the consensus projection of $723 million.

TEAM reported an EBIT of 14.4%, below the analyst consensus of 15.3%. TEAM also announced Joe Binz as the new CFO. Binz will... More

JPMorgan Starts Block Inc (SQ2:AU) (SQ) at Overweight

August 5, 2022 5:51 AM EDT

JPMorgan analyst Tien-tsin Huang initiates coverage on Block Inc (SQ2:AU) (NYSE: SQ) with a Overweight rating and a price target of AUD153.00.

The analyst comments "We covered largely in-line results and a reiterated start of production (SOP) and cash burn guide in our reaction note. In this note we update our... More