Atlassian Corporation Class A (TEAM)
Will Atlassian (TEAM) Beat Estimates Again in Its Next Earnings Report?
Atlassian (TEAM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Atlassian: A Prime AI (Fear) Casualty (Rating Upgrade)
Atlassian's shares have collapsed to 2018 levels, now trading at just over 2.5x sales despite >20% revenue growth. AI disruption fears and recent M&A have pressured Atlassian, yet cost-cutting and a 10% workforce reduction could drive near-term profitability. Net cash has fallen to $0.5B after acquisitions, raising concerns about capital allocation and limiting buyback potential.
Wall Street Stays Is Bullish on Atlassian Despite KeyBanc's Price Target Cut
Atlassian Corp. (NASDAQ:TEAM) received a price target cut from KeyBanc on Wednesday, with the firm trimming its target to $130 from $170 while maintaining an Overweight rating.
Bank of Nova Scotia Reduces Position in Atlassian Corporation PLC $TEAM
Bank of Nova Scotia decreased its position in Atlassian Corporation PLC (NASDAQ: TEAM) by 28.8% during the undefined quarter, according to its most recent disclosure with the SEC. The fund owned 216,603 shares of the technology company's stock after selling 87,612 shares during the period. Bank of Nova Scotia owned about 0.08% of
Bamco Inc. NY Trims Stock Position in Atlassian Corporation PLC $TEAM
Bamco Inc. NY lessened its stake in Atlassian Corporation PLC (NASDAQ: TEAM) by 8.6% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,254 shares of the technology company's stock after selling 16,516 shares during the period. Bamco Inc.
Atlassian Still Grows Fast, But Must Finally Deliver Profits
Atlassian is aggressively restructuring, cutting 10% of staff to drive margin expansion and shift focus toward AI and enterprise sales. TEAM's revenue remains strong—$1.59 billion last quarter, with 24% subscription growth and over 350,000 customers—yet profitability lags due to persistently high R&D spend. Management targets >20% annual revenue growth through FY27, but sustainable upside hinges on converting growth into operating leverage and delivering on cost discipline.
Atlassian follows Block's footsteps and cuts staff in the name of AI
Australian productivity software company Atlassian held layoffs as the company looks to funnel more money into AI.
Atlassian to reduce headcount by 10% as it restructures around AI
Atlassian (NASDAQ:TEAM) has announced plans to cut roughly 10% of its workforce, or about 1,600 jobs, as part of a restructuring aimed at increasing investment in artificial intelligence. The Australian-American software firm behind Trello and Jira said more than 900 of the affected positions are in software research and development.
Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next
Atlassian (NASDAQ:TEAM) has had a punishing stretch.
Wall Street Breakfast Podcast: Atlassian Trims Staff For AI
Atlassian (TEAM) will cut 10% of its workforce to reallocate capital toward AI and enterprise sales, incurring $225M–$236M in related costs. TEAM expects most restructuring expenses in Q3 FY26, with significant completion by Q4, aiming to reshape its skill mix for future growth.
Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
The software company's CEO said "our approach is not 'AI replaces people'."
