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Why Atlassian Stock Is Soaring Today

TheMotleyFool

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Why Atlassian Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Networking equipment supplier, sunset photo at golden hour, photo by Marc Adamus: https://img.midjourneyapi.xyz/temp/66e3509e-f4c6-4a7b-8e88-53fcc02cf17f.png

Shares of Atlassian Corporation (NASDAQ: TEAM), a collaboration and productivity software company, were climbing today after the company reported its fourth-quarter results. The company's earnings were in line with Wall Street's consensus estimate, but Atlassian's top line outpaced analysts' consensus estimate.

The tech stock was up by 15.2% as of 2:43 p.m. ET.

Atlassian reported non-GAAP earnings per share of $0.27 for the quarter, which was up from $0.24 per share in the year-ago quarter and on par with Wall Street's average estimate.

Source Fool.com

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