- Prev close
- $149.07
- Day range
- $141.51 – $153.20
- From 52-wk high
- -21.4%
- Next earnings
- in 79 days
Atlassian’s +35.3% session move was driven by stock-specific follow-through after a broad Nasdaq +1.2% day, and the tape looks supported rather than purely speculative given 24.7% revenue growth and a 16.1 forward PE.
TEAM
ATLASSIAN CORP-CL A
As of Aug 8, 2026
74/100
Looks healthyHealth ScoreMove driver
The primary driver is stock-specific, not the market. TEAM moved +35.3% in the session, far above the S&P 500 at +0.6% and the Nasdaq 100 at +1.2%, while the named same-sector peer IREN was only +8.7%. That gap is too large to explain by the broad rally alone, so the move points to company-specific buying pressure in a strong tape rather than a sector-wide re-rating.
Volatility vs. fundamentals
This is larger than normal volatility even for a name with a 1.21 beta, because the stock has already been volatile and the move came after a sharp 1w +47.6%, 1m +64.3%, and 3m +61.4% run. The business backdrop is still solid — revenue is +24.7% YoY (TTM) and +31.7% YoY in the latest quarter, with gross margin at 84.0% — but operating margin is still -3.7% and net margin is -3.5%. A forward PE of 16.1 is not extreme on its face, yet the recent surge means a lot of good news is already reflected in the price, so this is a stretched move rather than a routine one.
Earnings setup
The next earnings date is 2026-10-26. The facts here do not provide analyst revenue or EPS consensus for that print, so I cannot state a street estimate for growth or margins this period. What the market will likely focus on, given the current data, is whether 24.7% revenue growth (TTM) and 31.7% latest-quarter growth can stay firm, whether operating margin can move up from -3.7%, and whether the 84.0% gross margin can continue to support leverage into the profit line. Prior post-earnings reaction history is not included in the facts, so I won’t infer a pattern.
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