Atlassian Still Grows Fast, But Must Finally Deliver Profits
2026-03-13 09:15:51 ET
Atlassian Corporation ( TEAM ) just announced that it will cut about 10% of its staff and is putting more money into AI and enterprise sales. This isn’t just moving costs around. It’s a pretty blunt move to push margins higher, which the company really needs after a rough year. Since I rated the stock a Buy at $160.70 in late 2025, TEAM shares have dropped over 54%. Now it’s around $73, down 77% from the top last year. I didn’t see the big move out of growth software stocks coming. The big change now? Management had to face reality; this isn’t just optimism anymore. They’re making tough cuts, but the company is still growing at the top-line, and there’s new potential from AI....
Read the full article on Seeking Alpha
For further details see:
Atlassian Still Grows Fast, But Must Finally Deliver Profits
NASDAQ: TEAM
TEAM Trading
-2.77% G/L:
$66.63 Last:
2,935,662 Volume:
$70 Open:
