Atlassian ((TEAM), the $42 billion provider of enterprise software collaboration and workflow tools, has had a rough year as the stock peaked in January above $250.Atlassian's team collaboration software like Jira, Confluence and Trello help teams organize, discuss, and complete shared work, especially software developers who were their first customers over two decades ago at the University of New South Wales.Even as revenues continue their steep high-teens ascent toward $5 billion this year and $6 billion ...

Core Insights - Tabnine has launched two new AI agents integrated with Atlassian Jira, aimed at enhancing software development and maintenance tasks [1][2] - The new agents include the Jira Implementation Agent for code generation and the Jira Validation Agent for code validation, marking a significant advancement in AI-assisted coding [1][3] Company Overview - Tabnine is recognized as the originator of the AI code assistant category and has been utilized by millions of developers globally to improve code quality and developer satisfaction [5] - The company emphasizes privacy and security, adhering to a zero data retention policy and ensuring that no company-specific data is stored or used for training [2][5] Product Features - One-Click Code Generation: The Jira Implementation Agent allows users to generate code from Jira issue requirements with a single click [3] - AI-Driven Code Validation: The Jira Validation Agent reviews and validates code against Jira requirements, providing suggestions and feedback [3] - First-to-Market "Issue-to-Code" AI Agent: Tabnine is the first to offer a fully integrated solution for transforming Jira issues into code [3] - Contextual AI Code Suggestions: The agents utilize details from Jira issues and local project context to provide accurate code recommendations [3] - Enterprise-Ready Configuration: The new agents are available at no additional cost for Tabnine Pro and Enterprise customers, with admin-controlled deployment options [3] Industry Impact - The introduction of these AI agents is expected to automate over 50% of coding tasks, significantly streamlining the software development lifecycle [2] - Tabnine's advancements in AI technology, including the recent AI Test agent and onboarding agent, further enhance its capabilities in automating time-intensive tasks [4]

Core Insights - The AI trend is a significant growth driver for Atlassian, which has seen its stock decline 64% from its 2021 peak due to high valuation and slowing revenue growth [1] - Analysts are optimistic about Atlassian, with no sell recommendations among 27 tracked by The Wall Street Journal [1] Group 1: AI Integration - Atlassian is focused on enhancing its flagship products, Jira and Confluence, with a suite of over 30 AI tools called Atlassian Intelligence, which has seen a threefold increase in monthly active usage in Q4 of fiscal 2024 [2] - The company launched a new AI product, Rovo, which serves as a search tool and chatbot, expected to create a new revenue stream upon its release [3] Group 2: Financial Performance - Atlassian reported a record revenue of $4.4 billion in fiscal 2024, reflecting a 23.3% increase from the previous year, although this growth rate has slowed compared to prior years [4] - The cloud segment has become Atlassian's largest revenue source, growing by 31% in Q4 of fiscal 2024, indicating potential for reaccelerated top-line growth [5] Group 3: Customer Base and Spending - Atlassian ended fiscal 2024 with over 300,000 customers, with 524 spending at least $1 million annually, a 48% increase year-over-year, suggesting strong demand from larger organizations [5] - The company's strategy to leverage AI products like Rovo may further enhance customer spending and engagement [5] Group 4: Market Sentiment and Valuation - Analysts show a bullish sentiment towards Atlassian, with 13 buy ratings and an average price target of $207.84, indicating a potential upside of 27% from current trading levels [6] - The price-to-sales ratio has decreased from around 50 in 2021 to 9.7, suggesting that the stock may be undervalued [6][8] - Atlassian aims to double its annual revenue to $10 billion in the long term, making the stock attractive for long-term investors [8]

A few months back I published an SA article entitled Screening for the Best SaaS Companies , in which I screened for the best SaaS companies out of a pool of 84 names. Atlassian was theDom received his MBA in Management and B.S. Finance (Manhattan College) and was credit trained at New York University. Dom received the Financial Risk Manager (FRM) designation from GARP.Areas of expertise are: Exponential Age & SaaS software and Blockchain.https://www.youtube.com/channel/UCdTKlxmvT0JyT4X60gI-vEwAnalyst’s Dis ...

Core Viewpoint - Flagstar Bank, a subsidiary of New York Community Bancorp, has expanded its Commercial and Private Banking leadership team by appointing four senior executives to enhance client coverage and advance product capabilities [1][7]. Group 1: New Appointments - Joe Abruzzo has been appointed as Executive Vice President and Head of Regional Commercial Banking & Corporate Banking, bringing nearly 40 years of experience from JPMorgan, HSBC, and Santander [2][3]. - Rita Dailey joins as Executive Vice President, Head of Commercial Deposits & Payment Solutions, with 30 years of experience in client relationships and product design, previously at Bank of the West [4]. - Mike Mason has been appointed as Executive Vice President, Head of Credit Products, Commercial and Private Banking, with over 30 years in credit risk management and product development, previously at City National Bank [5]. - Matt Dalany is now Senior Vice President, Head of Specialized Industries Credit Products, with extensive experience in credit underwriting and risk governance, previously at MUFG [6]. Group 2: Strategic Focus - The new leadership team aims to enhance personalized service, expert advice, product capabilities, and credit risk management, aligning with Flagstar's client-centric model [7]. - The appointments reflect the company's commitment to strengthening its Commercial and Private Banking strategy, which is central to its business model [1][7]. Group 3: Company Overview - New York Community Bancorp, Inc. is the parent company of Flagstar Bank, which had $119.1 billion in assets, $82.4 billion in loans, and $79.0 billion in deposits as of June 30, 2024 [8]. - Flagstar Bank operates over 400 branches, with a significant presence in the Northeast and Midwest, and has approximately 90 private banking teams serving high-net-worth individuals [8].

Atlassian Corporation (NASDAQ:TEAM) Goldman Sachs Communacopia & Technology Conference September 11, 2024 5:25 PM ET Company Participants Tiffany To - SVP, Enterprise and Platform Unidentified Analyst Hi, everyone. Thanks so much for joining us today. I'm here with Tiffany To from Atlassian. [indiscernible] from Goldman. Really, really excited to have Tiffany here with us as SVP of Enterprise and Platform for Atlassian. Question-and-Answer Session Q - Unidentified Analyst Tiffany, you have been with Atlassi ...

I I T Sundry Photography Introduction & Investment Thesis I last wrote on Atlassian (NASDAQ:TEAM) in June, where I upgraded the stock from a "hold" to a "buy" rating. While I thought that the stock was trading at "fair" value after declining 17% from my initial coverage back in April, I thought it was an acceptable point to initiate a position given that the management was demonstrating success in driving meaningful product innovation to progress upmarket along with opportunities for customers to migrate fr ...

Atlassian Corporation (NASDAQ:TEAM) Citi's 2024 Global TMT Conference Industry/Company - **Industry**: Software, particularly enterprise collaboration and project management - **Company**: Atlassian Corporation (NASDAQ:TEAM) Key Points and Evidence 1. **Company Milestones**: - Revenue of close to $4.4 billion with $1.4 billion in free cash flow in FY '24. - Hit first $1 billion quarter in revenue and subscription. - Released Atlassian Intelligence capabilities in the platform, bringing GenAI into workflows across Jira and Confluence. - Jira, a $1.8 billion business, continues to grow at least as fast as the overall Atlassian business. - Reached 300,000 customer mark. - Completed first $1 billion acquisition with Loom, which has performed well post-acquisition. - Customers with over $1 million in contract value grew 50% last year. - [3, 5, 7, 9] 2. **Focus Areas**: - Enterprise adoption - AI and Atlassian Intelligence - System of work (Atlassian portfolio of products) - [6, 7, 8] 3. **Enterprise Adoption**: - Substantial investments in R&D for scale, reliability, data management, data residency, security, compliance, and certification. - Data center enterprise customers choosing to adopt Cloud due to enterprise readiness of products. - [6] - Launched Atlassian Intelligence and Rovo, an AI agent building framework. - Thousands of customers have adopted Atlassian Intelligence. - [7] - Atlassian portfolio of products used in a mission-critical way by many customers. - [8] 4. **GTM Strategy**: - Focus on consolidation rather than traditional enterprise sales motion. - Explain the consolidation story and support the consolidation narrative for customers. - Bring channel partners into the conversation to provide value-added services. - [15, 16] 5. **Cross-Selling and Expansion**: - $14 billion opportunity for cross-selling existing product base to existing enterprise customers. - Demonstrating total cost of ownership (TCO) benefits for customers who consolidate tools. - Approach from multiple insertion points at the bottom and follow a coexistence strategy for several years, followed by a displacement strategy. - [19, 20, 24] 6. **JSM (Jira Service Management)**: - Fastest-growing business at Atlassian. - $600 million business growing faster than other core businesses. - Advantages in price, horizontal nature of tools, and time to value. - Greenfield vs. brownfield approach: enter at mid-market range and smaller range, displacing email or Excel sheets. - [31, 32, 33, 34, 35] 7. **Pricing Strategy**: - Price for value with steady price increases across the entire portfolio. - No fatigue from customers around pricing due to R&D investments and customer value delivered. - Exploration of consumption-based pricing, especially in AI world. - [37, 38, 40, 41] 8. **Cloud Migration**: - Server end-of-life as a symbolic moment of moving away from on-premise products. - Cloud as the ultimate destination for all customers. - Migrations coming from server and data center customer bases. - Running programs to support customers' journey from data center to cloud, including ride-along programs and channel partners. - [42, 43, 44, 45, 46, 47] 9. **CRO Transition**: - Looking for a CRO to address the next set of problems as a company: scaling the machine, meeting enterprise customers where they are, and ensuring customer adoption and deployment. - CRO will focus on procurement, delivery, and go-to-market, while R&D team focuses on product innovation. - [48, 49, 50] 10. **Resource Allocation and M&A**: - Continue to be smart and prudent about M&A to expand audiences and improve adjacencies. - Loom acquisition as a great example of an acquisition that aligns with product ethos and go-to-market motion. - R&D will continue to be one of the most important investments, with smart and efficient allocation. - [56, 57, 58, 59, 60]

Atlassian Corporation (NASDAQ:TEAM) Citi’s 2024 Global TMT Conference September 5, 2024 10:00 AM ET Company Participants Anu Bharadwaj - Chief Operating Officer Conference Call Participants Fatima Boolani - Citi Fatima Boolani All right. Good morning, everybody. Day Two of Citi's Global TMT Conference. I'm Fatima Boolani. I jointly head up the software research team here, if you haven't heard from me ad nauseam already, but I am so thrilled to have Atlassian here with us and Atlassian's Anu Bharadwaj. Thank ...

Shares of Atlassian (TEAM) , a prominent player in enterprise collaboration and workflow software space, have plunged 30.3% year to date (YTD). Meanwhile, the Zacks Internet - Software industry in which the stock belongs has gained 14.9% in the year-to-date period.TEAM stock has also underperformed the Zacks Computer and Technology Sector and S&P 500 index in the YTD period. The Zacks Computer and Technology sector and S&P 500 index have returned 20.7% and 18.4%, respectively, YTD.Given Atlassian's reputati ...