I recently joined The REIT Forum and if you are looking for more investment ideas like this one, get them exclusively at The REIT Forum with access to our subscriber only portfolios.The YTD damage in the current SaaSpocalypse has been brutal, with Atlassian Corporation (NASDAQ: TEAM ) likely being hit the hardest, with its stock down 53% YTD, despite the company reporting accelerating revenue growth in itsAmrita runs a boutique family office fund in beautiful Vancouver, where she leads the investment strate ...

Core Insights - Atlassian Corporation (NASDAQ:TEAM) is recognized as a promising investment opportunity, particularly with the recent appointment of James Chuong as CFO [1][7]. Management Changes - James Chuong will take over as CFO on March 30, replacing Joe Binz, who is retiring to focus on personal matters [2]. - Chuong brings a decade of experience as LinkedIn's finance chief and has a background in investment banking with firms like J.P. Morgan, Citigroup, and Bank of America Securities [2]. Financial Leadership - Chuong will lead the finance and legal teams at Atlassian, which is crucial given the company's annual revenue exceeding $4 billion [3]. Product Offerings - Atlassian provides a range of collaboration, project management, and IT service tools, including Jira, Confluence, Trello, and Loom, through a subscription-based model [4]. - The company offers solutions for project management, document sharing, video communication, service management, and Chat & Agent capabilities [4].

For almost a decade, I held research analyst positions in various investment firms, mostly in Toronto. I started in sell-side research with a Canadian bank, then moved to a hedge fund, followed by a family office and then finished my career in wealth management. I was 20 on my first day on Bay Street. I will forever remember. I had worked so hard to get there, from a small French-speaking town in Québec. Getting my CFA and CAIA designations by 25 was another important milestone. I was a young man with a dre ...

Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) is identified as one of the oversold software stocks with significant upside potential despite current market pressures on SaaS companies [1][3]. Group 1: Analyst Ratings and Price Targets - Wells Fargo analyst Ryan MacWilliams reaffirmed an Overweight rating for Atlassian, lowering the price target from $216 to $155, indicating an adjusted upside potential of nearly 84% [1]. - Oppenheimer analyst Ittai Kidron also lowered the price target for Atlassian from $275 to $150 while maintaining an Outperform rating, suggesting a potential upside of approximately 78% [4]. Group 2: Financial Performance - Atlassian's recent quarterly results were solid, with a minor beat in second-quarter cloud revenue, although the guidance for Q3 cloud revenue was softer [3]. - Kidron noted that the company's second-quarter results exceeded expectations across all metrics, supporting its long-term growth targets despite near-term challenges [5]. Group 3: Company Overview - Atlassian provides collaboration, project management, and IT service tools through a subscription-based model, with offerings including Jira, Confluence, Trello, and Loom [6]. - The company covers a wide range of solutions such as project management, document sharing, video communication tools, service management, and Chat & Agent capabilities [6].

Good morning. Amazon is poised to take Walmart’s top spot in what has become a contest between two tech-enabled giants.After Walmart reported a record $713.2 billion in fiscal-year revenue on Thursday, Amazon edged past it with $716.9 billion for 2025—positioning the Seattle-based company to debut at No. 1 on the next Fortune 500 ranking, set for release in June.That would mark a significant shift. For the past 13 years—and 21 of the past 24—Walmart has held the No. 1 spot on the list. Fifteen years ago, Am ...

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Scott Bomar | Yeti Drinkware and cooler maker Yeti named Scott Bomar as chief financial officer, senior vice president and treasurer, effective Feb. 23. Bomar joins the company from home improvement retailer Home Depot, where he has been SVP of finance since rejoining the company in October 2022. He spent over 16 years at Home Depot in leadership roles — including running its ...

Core Insights - Software stocks have experienced a rapid shift from being favored for their potential AI benefits to being sold off due to fears of AI replacing them [1] Group 1: Market Sentiment - The speed of the selloff has surprised mainstream investors, indicating a significant change in market sentiment towards software stocks [1] Group 2: Analyst Background - Gary Alexander, with extensive experience in technology and investment, has been actively contributing to discussions on industry trends since 2017 [1]

Group 1 - Atlassian has appointed James Chuong as its new Chief Financial Officer, effective March 30, succeeding Joe Binz [1] - James Chuong previously served as the finance chief at LinkedIn, a subsidiary of Microsoft [1] - Chuong has a background in investment banking, having worked at prominent firms such as J.P. Morgan, Citigroup, and Bank of America Securities [1] Group 2 - Joe Binz announced his retirement from the CFO role, effective June 30 [1]

Group 1 - Atlassian Corporation has appointed James Chuong as Chief Financial Officer, effective March 30, 2026, bringing over 20 years of finance leadership experience [1] - James Chuong previously served as CFO at LinkedIn, where he led financial operations and contributed to the company reaching over 1 billion members and $18 billion in revenue [1] - Atlassian's CEO, Mike Cannon-Brookes, emphasized that James is a strategic thinker with a deep understanding of the technology industry and is excited to help build the future of teamwork [1] Group 2 - Atlassian is recognized as a leader in software development, work management, and enterprise service management software, enabling enterprises to connect business and technology teams [1] - The company's collaboration software is utilized by over 80% of the Fortune 500 and more than 350,000 customers globally, including notable clients like NASA, Rivian, and Deutsche Bank [1]

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving Atlassian Corporation and its officers or directors [1]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Atlassian Corporation and is urging them to contact the firm for further information [1]. - The investigation focuses on whether Atlassian and its executives have engaged in any fraudulent activities [1]. Group 2: Stock Performance and Analyst Opinions - On January 16, 2026, Citi reduced its price target for Atlassian's stock from $240 to $210, citing concerns over the quality of revenue growth and the impact of code assistant platforms [3]. - Following the downgrade, Atlassian's stock price dropped by $9.90, or 7.71%, closing at $118.55 per share on the same day [3].