Why Atlassian Stock Got Hammered Today
Atlassian (TEAM) The Motley Fool·2024-02-03 02:11
Shares of work-collaboration software company Atlassian (TEAM -15.20%) got hammered on Friday after the company reported financial results for the fiscal second quarter of 2024. Even though the stock is down, the company may have more analysts than not defending its financial results, which is an interesting wrinkle to this story. As of 11:15 a.m. ET, Atlassian stock was down 12%, but was bouncing back from being 17% down earlier in the session.The market doesn't like slowing growthRevenue for Atlassian's f ...