VanEck Australian Floating Rate ETF vs Atlassian Corporation PLC — how do they compare? VanEck Australian Floating Rate ETF trades at $50.98, while Atlassian Corporation PLC trades at $88.91 (market cap $23.29B). The key difference: VanEck Australian Floating Rate ETF is trading nearer its 52-week high, Atlassian Corporation PLC nearer its low. Which is the better fit depends on your goals.
| FLOT | TEAM | |
|---|---|---|
Sector | Sector/Thematic | Technology |
52-Week High | $51.09 | $203.00 |
52-Week Low | $50.72 | $57.15 |
Market Cap | — | $23.29B |
Enterprise Value | — | $23.39B |
Signals from Pluang's Aura AI — not financial advice
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Atlassian (TEAM) trades at $89.08, down 7.31% on the day, amid a mixed technical and fundamental backdrop. The stock shows bullish technical signals from moving averages and ADX indicators, while recent quarterly earnings have consistently beaten expectations. Revenue growth remains strong, reaching $5.22B in FY2025, though profitability remains negative with a -3.5% net income margin. The company continues to invest heavily in AI-powered collaboration tools, with its Service Collection surpassing $1B in annual recurring revenue.
Outlook appears cautiously optimistic with a consensus price target of $115.33 representing 29% upside potential. Analyst sentiment is strongly bullish with 30 Buy ratings and no Sell recommendations. Key risks include persistent unprofitability, high valuation multiples (P/S 3.89, P/B 26.49), and competitive pressures in the collaboration software space. The company's AI integration strategy and enterprise adoption provide growth catalysts, but margin improvement remains critical for sustained shareholder value creation.
Trailing returns across standard periods
FLOT provides exposure to a diversified portfolio of Australian dollar-denominated floating rate notes. It tracks the Bloomberg AusBond Credit FRN 0+ Yr Index, focusing on high-quality, investment-grade bonds from top Australian banks and financial institutions.
Read more on FLOT →Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
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