![]() ![]() ![]() Oppenheimer’s Ittai Kidron is optimistic about what the company will be able to do now that it has renewed focus. “Financial details of the partnership were sparse, though the close integration of a workflow management juggernaut (Jira) and business communications leader and innovator (Slack) makes sense to us, especially since the product approach of both of these companies and their focus on the customer is similar,” he wrote.ĭiFucci commented that the deal is for multiple years, “which we believe pertains to revenue Atlassian will get from Slack related to the transitioned customer.” He raised his price target to $70 from $64 but kept his hold rating on the stock.ĭon’t miss: Twitter shares slide 16% after fake account purge, new rules in Europe Jefferies analyst John DiFucci was similarly upbeat, if slightly less effusive. Opinion: There’s no big tech bubble - and these 5 charts (plus, yes, Facebook’s plunge) are proof He rates the stock a buy with an $85 price target. “Why fight to catch up when you can sell the assets to Slack, get a sliver investment in the firm and then refocus on Atlassian’s core tech-centric collaboration tools?” “We have been complimentary of Atlassian’s business model for almost a decade now, but with the logical, impressive and frankly brilliant sale of Atlassian’s ‘communications’ segment to Slack, TEAM’s management team just moved a notch higher in our book,” gushed Canaccord Genuity analyst Richard Davis. Recently said it would follow a similar strategy for its Teams platform.Īnalysts had trouble containing their excitement. Atlassian’s strategy for its communications offerings was to let companies use the products for free until they added a certain number of internal users, at which point the company would have to pay up. The Slack move is a capitulation, as Atlassian had struggled to gain traction for its two chat products while going up against the giants. The company also reported better-than-anticipated sales and earnings.ĭon’t miss: The tech IPO market is back, thanks to boring, old cloud-software companies The company was founded in May 1990 and is headquartered in Austin, TX.Shares are up more than 10% in Friday’s session. The Flex Reliability Solutions segment consists of Automotive, including autonomous, connectivity, electrification, and smart technologies, Health Solutions, including medical devices, medical equipment and drug delivery, Industrial, including capital equipment, industrial devices, and Renewable, including Nextracker business, grid edge, and power systems. The Flex Agility Solutions segment consists of Communications, Enterprise and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure, Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio and, Consumer Devices including mobile and high velocity consumer devices. ![]() The firm operates through the following segments: Flex Agility Solutions (FAS) and Flex Reliability Solutions (FRS). It delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets. operates as a manufacturing services company. Can I afford to never work again?įlex Ltd. ‘I’m 62 and ready for my golden years’: I’ve $1.7 million in annuities, Roths and index funds. I’m 54 and the primary earner but ‘professionally, I am exhausted’ - we have $2.18 million but what about healthcare? ![]() The S&P 500 Could Jump Ahead of the Fourth of July. Japanese Stocks Are Trouncing the S&P 500. My brother and sister insist I share our mother’s $440,000 estate with their 8 children, or they’ll cut off all contact. That could harm companies’ diversity efforts. Supreme Court ended affirmative action at colleges. What if you can’t pay back your student loans when payments start again? These are your options. Supreme Court blocked Biden’s student-loan forgiveness. No, cancellation would ‘punish’ poor Americans. Supreme Court ruling on student debt will ‘devastate’ borrowers. ![]()
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