Why Atlassian (TEAM) Stock Is Nosediving : comparemela.com

Why Atlassian (TEAM) Stock Is Nosediving

Shares of IT project management software company, Atlassian (NASDAQ:TEAM) fell 15.4% in the afternoon session after the company reported second-quarter earnings results and provided a mixed outlook for the coming quarters. In a letter to shareholders, management expects more unpredictable decisions from customers migrating to the cloud following the server end-of-support in February 2024. It added, "While some of the remaining Server customers will migrate to Cloud, the majority will migrate to

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