Why Is Atlassian Stock Sinking Friday? - Atlassian (NASDAQ:TEAM)

Benzinga · Lekha Gupta · 2026-11-06 11:46 UTC

Atlassian (TEAM) stock slid 14% premarket as weak subscription and Data Center forecasts overshadowed strong Q1 earnings beats.

Atlassian Corporation (NASDAQ:TEAM) stock fell sharply in Friday’s premarket trading after the software company forecast slower subscription growth and a steeper Data Center revenue decline for fiscal 2027.

The cautious outlook overshadowed strong first-quarter earnings and a higher full-year revenue forecast.

Management remains confident in cloud adoption and customer demand. However, economic, fiscal policy and geopolitical uncertainty continues to weigh on its outlook.

Read the full story at Benzinga · All coverage of this story