In the span of just a few short weeks, software stocks have gone from being prized for potential AI tailwinds to being discarded for fear of being replaced by AI. The speed of the selloff is what has jarred mainstream investors, with manyWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular cont ...

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].

PHILADELPHIA EAGLES RENEW DEAL WITH SELECT MEDICAL NAMING NOVACARE REHABILITATION THE TEAM'S OFFICIAL PHYSICAL THERAPY PARTNER [Accessibility Statement] Skip NavigationMECHANICSBURG, Pa., Feb. 17, 2026 /PRNewswire/ -- Select Medical Corporation ("Select Medical") and the Philadelphia Eagles have announced a multi-year extension of its longstanding 25-year partnership naming NovaCare Rehabilitation as the team's Official Physical Therapy Partner."We are proud to continue our longstanding founding partner rel ...

榜单上，老牌矿业巨头依然占据着重要地位，但科技创业者和新晋亿万富豪的崛起之势已不可阻挡。曾经支撑澳洲富豪财富的传统行业，如矿业、房地产和 零售业，正在面临来自科技创新、金融投资和绿色能源领域的强有力挑战。财富的来源正在发生根本性的转变，这无疑是今年榜单最引人注目的亮点。 我们既能看到老牌家族企业帝国依旧稳固，也能看到一批充满活力的新晋创业者渴望在澳洲经济的蛋糕上切下属于自己的一块。有些亿万富豪选择慷慨解 囊，将巨额资产投入到公益事业中，而另一些富豪则选择继续紧握手中的财富，为企业发展积蓄力量。 2026年澳大利亚的财富版图正经历着一场激动人心的变革，而当年富豪榜无疑是这场变革最直观的缩影。榜单不仅揭示了谁是当今澳洲最富有的人，更重要 的是，它映射出澳洲经济增长的新动力与财富积累的新趋势。以下，我们依据《福布斯》与《澳大利亚金融评论》的权威数据，为您深度剖析2026年澳大利 亚富豪榜，一览这些巨额财富背后的故事和澳洲财富格局的演变。请注意，所有身家均为估算值。 哈里·特里古博夫的故事则更加传奇。这位美利通地产帝国的创始人，是澳大利亚白手起家的典范。他在中国大连的俄罗斯犹太社区长大，为了躲避反犹主 义，1948年 ...

Core Viewpoint - Soros Fund Management made significant adjustments to its investment portfolio in the fourth quarter, focusing on increasing exposure to tech giants while engaging in "buy high, sell low" strategies for energy and cryptocurrency stocks [1]. Group 1: Technology Sector Investments - The fund substantially increased its holdings in core technology stocks, including adding 161,000 shares of Microsoft (MSFT.US), 118,000 shares of Nvidia (NVDA.US), and approximately 66,000 shares of Apple [3]. - In the software and mobility sectors, the fund also increased its positions by acquiring approximately 216,000 shares of Atlassian (TEAM.US), 55,000 shares of Salesforce (CRM.US), and 119,000 shares of Uber (UBER.US) [3]. Group 2: Defensive and Growth Investments - In the defensive sector and consumer space, the fund increased its holdings in utility company Exelon (EXC.US) by approximately 488,000 shares and in gaming giant Electronic Arts (EA.US) by about 318,000 shares [3]. Group 3: Reduction in High Volatility and Financial Stocks - The fund reduced its positions in high-volatility and financial stocks, significantly cutting approximately 168,000 shares of Snowflake (SNOW.US) [4]. - It also reduced its holdings in Circle Internet Group (CRCL.US) by about 151,000 shares and in Interactive Brokers (IBKR.US) by approximately 813,000 shares, indicating a cautious stance towards the financial brokerage sector [5][6]. Group 4: New Positions and Exits - The fund opened new positions by purchasing gold-related assets such as New Gold (NGD.US) and established positions in DigitalBridge (DBRG.US), Blue Owl Capital (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US) [7]. - It completely exited positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US), indicating a shift away from traditional banking and certain cryptocurrency mining stocks towards more stable or defensive sectors [7]. Group 5: Overall Strategy - The overall strategy of Soros Fund Management in the fourth quarter reflects a clear approach: embracing AI and core tech assets like Microsoft and Nvidia while avoiding high-volatility cloud and data companies like Snowflake, and hedging against macroeconomic uncertainties by investing in gold stocks. This "pick and choose" adjustment strategy highlights the pursuit of certainty and safety margins amid global economic uncertainties [7].

Summary of Key Points from the Conference Call Industry Overview - The software industry is experiencing a valuation multiple decline of 33%, reaching its lowest level since 2016, primarily due to uncertainties stemming from accelerated AI innovations that have increased discount rates [2][4][5]. - Despite the valuation drop, the fundamental trends in the software industry have not significantly deteriorated, with no major acceleration or deceleration in growth observed [4][5]. Company-Specific Insights Palantir - Palantir reported a strong fourth quarter with a growth rate of 70% and an operating margin of 57%, projecting over 60% growth for the next year [2][5]. - The company's success is attributed to its ontology data technology, which is crucial for understanding data relationships and requires deep domain knowledge and customized services [2][5][6]. - Palantir's Foundry platform is increasingly adopted by clients in industrial and oil & gas sectors, positioning it as a key supplier for companies looking to implement AI projects [5]. Atlassian - Atlassian's free cash flow multiple is approximately 14 times, indicating a low valuation compared to other high-growth companies [8]. - Despite good financial performance, the stock price has not improved, reflecting low market risk appetite and varying investor expectations regarding growth and profitability [8][9]. Snowflake - Snowflake's enterprise value/sales multiple has returned to levels seen in 2014-2016, with signs of growth emerging [3][14]. - The company has shown consistent product revenue growth of 28% over two consecutive quarters, with one quarter reaching 30% [14][15]. - Snowflake's core business remains stable, and its AI business is performing strongly, with product revenue growth expected to approach 30% [18]. Microsoft - Microsoft has demonstrated steady growth in its Azure platform, with a rolling 12-month fixed currency growth rate showing improvement [15]. - The Microsoft 365 business cloud segment is also improving, with a fixed currency growth rate of 15% in the last quarter [15]. Intuit - Intuit is expanding into the high-end market through global business solutions and is focusing on auxiliary services during tax season, which could open a $35 billion market opportunity [19]. ServiceNow - ServiceNow is advancing its new product cycle, with its Now Assist product currently generating an annual recurring revenue (ARR) of $600 million [20]. - The adoption rate of its Prosci product is expected to increase significantly in the coming years, contributing to stronger growth [20]. Market Sentiment and Future Outlook - The current market sentiment is cautious, with software stocks averaging a 20% decline this year, and prices at 55% of their 52-week highs [4][5]. - Investors are looking for signs of improvement in the participation of established software companies in large-scale innovation cycles to drive growth [14]. - The "AI is software" perspective suggests that AI represents an evolutionary change in software, with large language models being significant breakthroughs that enhance automation in workflows [10][11]. Valuation Considerations - The current enterprise value/sales multiple for the software industry is approximately 4.4 times expected sales, close to historical averages but not at the lowest point [13]. - GAAP earnings issues are affecting investor decisions, with some companies like Microsoft and ServiceNow showing positive GAAP earnings growth, yet not attracting significant market interest [13]. This summary encapsulates the key insights and trends discussed in the conference call, highlighting the current state of the software industry and specific company performances.

Core Viewpoint - Pomerantz LLP is investigating claims on behalf of investors of Atlassian Corporation regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] Group 1: Investigation Details - The investigation is prompted by a recent downgrade from Citi, which cut its price target on Atlassian stock from $240 to $210, citing concerns over the quality of topline growth and disruption from code assistant platforms [1] - Following the downgrade, Atlassian's stock price dropped by $9.90 per share, or 7.71%, closing at $118.55 on January 16, 2026 [1] Group 2: Firm Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of over 85 years in fighting for the rights of victims of securities fraud and corporate misconduct [1] - The firm has successfully recovered numerous multimillion-dollar damages awards for class members in the past [1]

Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) is considered one of the most oversold stocks on NASDAQ, with various analysts adjusting their price targets while maintaining positive ratings, indicating a belief in the company's solid fundamentals despite sector challenges [1][2][3]. Group 1: Price Target Adjustments - Citi adjusted the price target for Atlassian to $160 from $210, citing "sector turmoil" but maintaining a Buy rating due to sound fundamentals [1]. - Morgan Stanley revised the price target to $290 from $320, keeping an Overweight rating, noting no signs of AI disruption in fiscal Q2 and highlighting positive momentum in Atlassian's AI initiatives [2]. - Bernstein also lowered the price target to $290 from $304 while maintaining an Outperform rating, indicating a good fiscal Q2 performance but acknowledging near-term operational complexities related to GenAI concerns [3]. Group 2: Company Overview - Atlassian Corporation specializes in team collaboration and productivity software, offering products such as Jira Software, Confluence, Jira Service Management, and Loom [4].