Why Atlassian (TEAM) Stock Is Up Today

StockStory11-02

Why Atlassian (TEAM) Stock Is Up Today What Happened? Shares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 22.9% in the morning session after the company reported a "...

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Third-quarter earnings results beat analysts' revenue expectations, with all-important Cloud segment revenue growth handily beating expectations. Its gross margin also improved.Looking ahead, guidance was strong, with next quarter's cloud revenue growth of 27% year-on-year also above expectations and strong on an absolute basis. The company also raised its full-year revenue guidance for the Cloud and Data Center segments. There had been doubts about top line momentum, especially for Cloud revenue, so this quarter puts a big dent in the bear case. Overall, this was a very solid quarter.Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known  semiconductor s","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TISI":"Team Inc","BK4548":"巴美列捷福持仓","BK4532":"文艺复兴科技持仓","TEAM":"Atlassian Corporation PLC","BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","BK4120":"环境与设施服务","BK4528":"SaaS概念","BK4566":"资本集团","BK4588":"碎股","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","BK4023":"应用软件"},"translate_title":"为什么Atlassian(TEAM)股票今天上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TEAM":1,"TISI":1},"content_text":"Why Atlassian (TEAM) Stock Is Up Today \n \n\nWhat Happened?\nShares of IT project management software company, Atlassian (NASDAQ:TEAM) jumped 22.9% in the morning session after the company reported a \"beat and raise\" quarter. Third-quarter earnings results beat analysts' revenue expectations, with all-important Cloud segment revenue growth handily beating expectations. Its gross margin also improved. \nLooking ahead, guidance was strong, with next quarter's cloud revenue growth of 27% year-on-year also above expectations and strong on an absolute basis. The company also raised its full-year revenue guidance for the Cloud and Data Center segments. There had been doubts about top line momentum, especially for Cloud revenue, so this quarter puts a big dent in the bear case. Overall, this was a very solid quarter. \nIs now the time to buy Atlassian? Access our full analysis report here, it’s free.\nWhat The Market Is Telling Us\nAtlassian’s shares are somewhat volatile and have had 13 moves greater than 5% over the last year. But moves this big are rare even for Atlassian and indicate this news significantly impacted the market’s perception of the business. \nThe previous big move we wrote about was 23 days ago when the stock gained 5.7% on the news that the company announced General Availability (GA) of Rovo at the Team '24 Europe event in Barcelona, signaling that the product is fully developed and ready for public use. Achieving GA is an important milestone, often preceding broader commercialization or monetization efforts. Rovo provides search- and chat-based capabilities that enable developers to perform repetitive tasks efficiently and free up time to focus on more productive work. Essentially, it acts like a \"ChatGPT-agent\" that knows how to surface relevant information within an organization. Atlassian also announced other AI features to boost the capabilities of its software platform. \nOverall, the update demonstrates Atlassian's growing capabilities while providing more definitive insights into its position in the booming AI market.\nAtlassian is down 0.7% since the beginning of the year, and at $225.22 per share, it is trading 12.5% below its 52-week high of $257.43 from January 2024. Investors who bought $1,000 worth of Atlassian’s shares 5 years ago would now be looking at an investment worth $1,841. \nUnless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefitting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480852662"}