Atlassian shares are tumbling in Thursday's after-hours session on the heels of the company's fiscal third-quarter results. Here's a look at the highlights from the quarter.
IT project management software company, Atlassian (NASDAQ:TEAM) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 14.1% year on year to $1.36 billion. The company expects next quarter’s revenue to be around $1.35 billion, close to analysts’ estimates. Its non-GAAP profit of $0.97 per share was 4.9% above analysts’ consensus estimates.
Wall Street braces for volatile Wednesday as U.S. GDP data shows unexpected economic contraction, raising fears of a recession. Pre-market futures down.
Shares of IT project management software company, Atlassian (NASDAQ:TEAM)
jumped 8.1% in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Since October 2024, Atlassian has been in a holding pattern, posting a small return of 3.7% while floating around $200. However, the stock is beating the S&P 500’s 10.7% decline during that period.
What has Wall Street been buzzing about this week? Here is a quick look at the top 5 buy calls and the top 5 sell calls made by Wall Street's best analysts during the trading week of April 14-17, 2025.
Looking back on productivity software stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Asana (NYSE:ASAN) and its peers.
In the near term, Macquarie’s Steve Koenig expects Atlassian to beat its more conservative fiscal year 2025 guidance due to the 15-25% price increases on contracts renewing after Feb. 11
Wall Street trimmed steep losses in afternoon trading Thursday, following remarks from President Donald Trump, who expressed some optimism about reaching trade agreements, particularly with China.
Shares of IT project management software company, Atlassian (NASDAQ:TEAM)
fell 5.5% in the morning session after anxiety and uncertainty rattled markets as the major stock indices pulled back in the morning session amid concerns about "reciprocal tariffs" to be announced later in the week. The planned tariffs, scheduled for April 2, 2025 (dubbed Liberation Day), were targeted at all countries where the United States had a trade deficit.
Looking back on productivity software stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Atlassian (NASDAQ:TEAM) and its peers.
