Atlassian's stock surged 35% after reporting Q4 FY26 earnings with 28% year-over-year revenue growth, the highest beat in nine quarters, and its first full year of GAAP profitability. Cloud revenue grew 31% YoY, driven by enterprise deals and AI adoption, expanding its platform and annual recurring revenue. Management forecasts 13% revenue growth for FY27, with cloud growth at 25.5% despite declines in the Data Center segment due to migration and end-of-life impacts. The stock is upgraded to 'buy' with a recommendation to wait for a pullback, given its attractive valuation at 18x forward non-GAAP PE and 22% upside to consensus price target.
Software stocks experienced significant volatility last week amid investor uncertainty about AI's impact on the sector. Airtable was acquired at a fraction of its peak value, while HubSpot and Datadog shares fell sharply after earnings. However, Atla...
Atlassian's shares surged over 30% following its fourth-quarter results that exceeded analyst expectations, with revenue reaching $1.8 billion, up 28% year-over-year. Cloud revenue grew 31% to $1.2 billion, and subscription annual recurring revenue r...
