Atlassian Plunges 30% YTD: How Should Investors Play the Stock?
Atlassian (TEAM) ZACKS·2024-09-03 23:06
Shares of Atlassian (TEAM) , a prominent player in enterprise collaboration and workflow software space, have plunged 30.3% year to date (YTD). Meanwhile, the Zacks Internet - Software industry in which the stock belongs has gained 14.9% in the year-to-date period.TEAM stock has also underperformed the Zacks Computer and Technology Sector and S&P 500 index in the YTD period. The Zacks Computer and Technology sector and S&P 500 index have returned 20.7% and 18.4%, respectively, YTD.Given Atlassian's reputati ...