Why Atlassian Stock Is Soaring Today
Shares of Atlassian Corporation (NASDAQ: TEAM), a collaboration and productivity software company, were climbing today after the company reported its fourth-quarter results. The company's earnings were in line with Wall Street's consensus estimate, but Atlassian's top line outpaced analysts' consensus estimate.
The tech stock was up by 15.2% as of 2:43 p.m. ET.
Atlassian reported non-GAAP earnings per share of $0.27 for the quarter, which was up from $0.24 per share in the year-ago quarter and on par with Wall Street's average estimate.
Source Fool.com
