How Atlassian Stock Nearly Doubled in 2020
Shares of Atlassian (NASDAQ: TEAM) rose 93.7% in calendar year 2020, according to data from S&P Global Market Intelligence. It was a rocky ride for the collaboration software maker, with many single-day drops of more than 5% along the way, but the good days vastly outnumbered the bad.
Atlassian crushed Wall Street's expectations in all four of last year's earnings reports, often by very convincing margins. Cloud-based collaboration tools are an easy sell in the coronavirus era of work-from-home policies, and Atlassian is an established leader in that space.
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Source Fool.com
