Atlassian Stock (TEAM) Under Pressure Ahead of Earnings In Sector Sell-Off
Atlassian’s stock (NASDAQ: TEAM) is down near the low of 2025 heading into earnings, with TEAM 5.85% on the day at $174.65, and a concerning 27.8% decline since the start of the year.
Analysts expect Atlassian to deliver solid growth, with earnings per share (EPS) projected at $0.85, up from $0.66 a year earlier – an impressive 29% year-over-year improvement in profitability. Revenue is forecasted at $1.36 billion, representing a healthy nearly 20% increase from $1.13 billion last year.
So why the pullback in the stock?
Guidance in short, and a failure to recover from the tariff pullback early in the year. Whilst earnings have largely come in above expectations, mildly, guidance has missed, with the May report coming with a…
