Atlassian (US:TEAM) Yahoo Finance·2026-01-23 19:33Core Viewpoint - Atlassian is experiencing significant stock price decline despite strong financial performance, indicating potential investment opportunities amidst market challenges [2][3][7] Company Overview - Atlassian, founded in 2002 and headquartered in Sydney, Australia, provides collaboration tools like Jira, Confluence, Trello, and Loom, serving over 300,000 customers globally, including 80% of Fortune 500 firms [1][2] Stock Performance - TEAM stock has decreased by 60% from its 52-week high of $326, currently trading around $131, close to its 52-week low of $115.53, with a 19% decline over the past month and 35% over the past six months [2] - Compared to the Nasdaq Composite, which gained 12% in the past six months, TEAM stock is underperforming due to AI competition and macroeconomic headwinds [3] Financial Results - For Q1 fiscal 2026, Atlassian reported revenue of $1.43 billion, a 21% year-over-year increase, surpassing analyst expectations of $1.4 billion [4] - Cloud revenue reached $998 million, growing 26% year-over-year, with net income per share at $1.04, exceeding forecasts of $0.83 [4] - Non-GAAP operating margin was 23%, with a gross margin of 82%, and operating cash flow at $129 million [5] Future Guidance - For Q2, Atlassian projects revenue between $1.535 billion and $1.543 billion, slightly above analyst estimates, with a non-GAAP operating margin expected at 24.5% [6] - The company anticipates a full fiscal 2026 revenue growth of 20.8% and has announced a $2.5 billion share buyback program [6] Analyst Sentiment - Analysts view TEAM stock as "deeply discounted," despite its poor performance in the large-cap software sector, suggesting a potentially attractive investment opportunity ahead of Q2 results [7]