Shares of team-building and collaboration software company Atlassian (NASDAQ:TEAM) have more than doubled in the last year. Revenue and adjusted profits for its recently completed 2018 fiscal year increased by 41% and 36%, respectively, from last year. Next year's sales are expected to nearly match that; management sees at least another 31% rise in order.
That expected growth comes despite Atlassian ceding its real-time communications services Stride, Hipchat, and all related products to friendly competitor Slack. The headwind from this transaction (discussed below) will likely be modest, and could be the beginning of a new powerhouse in the digital workplace industry.
What do these companies do?Atlassian builds digital collaboration software for business teams. The company offers a suite of software that spans customer service, software development, project management, and security. Atlassian has over 125,000 paying customers and carries a market cap of $20 billion.
As for Slack, the privately-held company offers its namesake platform for teams to communicate, share files, and work on projects together. Slack says it has over 70,000 paying customers and has raised investment funding that's pushed it to a valuation of over $1.2 billion this year. What makes this so impressive is that Slack was founded a mere nine years ago.
Top Growth Stocks To Buy For 2019: MakeMyTrip Limited(MMYT)
Advisors' Opinion:- [By Lee Jackson]
MakeMyTrip Limited (NASDAQ: MMYT) was downgraded to neutral from buy at Goldman Sachs. The stock’s price over a 52-week range has been $22.40 to $41.30. The consensus price target is set at $37.59. With the shares closing at $41.05, this could be a valuation call.
- [By Shane Hupp]
Get a free copy of the Zacks research report on MakeMyTrip (MMYT)
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- [By Max Byerly]
MakeMyTrip (NASDAQ:MMYT) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.
- [By Lisa Levin] Companies Reporting Before The Bell Dick's Sporting Goods, Inc. (NYSE: DKS) is projected to report its quarterly earnings at $0.45 per share on revenue of $1.89 billion. Columbus McKinnon Corporation (NASDAQ: CMCO) is estimated to report its quarterly earnings at $0.5 per share on revenue of $209.35 million. Analog Devices, Inc. (NASDAQ: ADI) is expected to report its quarterly earnings at $1.38 per share on revenue of $1.47 billion. Michael Kors Holdings Limited (NYSE: KORS) is projected to report its quarterly earnings at $0.59 per share on revenue of $1.15 billion. Movado Group, Inc. (NYSE: MOV) is expected to report its quarterly earnings at $0.11 per share on revenue of $109.47 million. Chico's FAS, Inc. (NYSE: CHS) is estimated to report its quarterly earnings at $0.26 per share on revenue of $552.31 million. DSW Inc. (NYSE: DSW) is projected to report its quarterly earnings at $0.37 per share on revenue of $681.89 million. Daktronics, Inc. (NASDAQ: DAKT) is expected to report its quarterly earnings at $0.05 per share on revenue of $147.20 million. Destination XL Group, Inc. (NASDAQ: DXLG) is estimated to report a quarterly loss at $0.14 per share on revenue of $107.63 million. Bank of Montreal (NYSE: BMO) is expected to report its quarterly earnings at $1.67 per share on revenue of $4.21 billion. MakeMyTrip Limited (NASDAQ: MMYT) is projected to report its quarterly loss at $0.39 per share on revenue of $143.03 million. EVINE Live Inc. (NASDAQ: EVLV) is expected to report its quarterly loss at $0.02 per share on revenue of $155.98 million. RBC Bearings Incorporated (NASDAQ: ROLL) is estimated to report its quarterly earnings at $1.14 per share on revenue of $175.55 million.
- [By Motley Fool Staff]
In this segment from Motley Fool Money, host Chris Hill asks analysts Jason Moser, David Kretzmann, and Andy Cross to give us the lowdown on some companies that caught their attention recently. Their picks this week are stun gun and body-cam leader Axon Enterprise (NASDAQ:AAXN), home-improvement retailer Home Depot (NYSE:HD), and Indian online travel agency MakeMyTrip (NASDAQ:MMYT).
- [By Stephan Byrd]
Get a free copy of the Zacks research report on MakeMyTrip (MMYT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top Growth Stocks To Buy For 2019: Mechel OAO(MTL)
Advisors' Opinion:- [By Logan Wallace]
Media coverage about Mechel PAO (NYSE:MTL) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mechel PAO earned a news impact score of 0.17 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.3523753315597 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
- [By Money Morning News Team]
Mechel Mining Co. (NYSE: MTL) is one of Russia's largest mining and metal companies, focusing on the production of coal, iron ore, steel and silver.
- [By Max Byerly]
Mullen Group Ltd (TSE:MTL) reached a new 52-week high on Friday . The company traded as high as C$15.38 and last traded at C$15.38, with a volume of 248494 shares. The stock had previously closed at C$14.72.
- [By Max Byerly]
News headlines about Chelyabinsk Metallurgical Plant (NYSE:MTL) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Chelyabinsk Metallurgical Plant earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 46.5001512376479 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
- [By Joseph Griffin]
Mullen Group Ltd (TSE:MTL) declared a monthly dividend on Wednesday, June 20th, Zacks reports. Shareholders of record on Saturday, June 30th will be paid a dividend of 0.05 per share on Monday, July 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, June 28th.
Top Growth Stocks To Buy For 2019: Markel Corporation(MKL)
Advisors' Opinion:- [By ]
Accordingly, as required by the new accounting standard, Markel Corp. (NYSE:MKL) recognized a pre-tax loss of $122.1 million as a result of the decline in the fair value of its equity securities since December 31, 2017.
- [By Logan Wallace]
Wells Fargo & Company MN cut its stake in Markel Co. (NYSE:MKL) by 7.5% in the 1st quarter, HoldingsChannel reports. The fund owned 72,437 shares of the insurance provider’s stock after selling 5,832 shares during the quarter. Wells Fargo & Company MN’s holdings in Markel were worth $84,768,000 at the end of the most recent reporting period.
- [By Steve Symington]
As a diversified financial holding company, Markel Corporation (NYSE:MKL) builds its business through a combination of its profitable insurance operations, its market-beating investment portfolio, and its varied group of owned and acquired companies operating under the Markel Ventures moniker.
- [By Matthew Frankel]
But, of course, first, we're going to start talking about insurance more generally, then we'll be talking about two of our favorite insurance companies, Markel (NYSE:MKL) and Berkshire, and comparing them a little bit to White Mountains and understanding the interplay between those different investments, and how we tend to approach investing in this particular area of the market.
- [By Steve Symington]
Markel Corporation (NYSE:MKL) announced second-quarter 2018 results on Tuesday after the market closed, detailing continued near-term declines in its investment portfolio that only partially offset strong showings from from both its insurance and Markel Ventures operations. Markel management also made it clear that it's more than happy taking advantage of recent market volatility.
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