Business
Why Atlassian Stock Fell Sharply on Friday – Motley Fool
Fiscal first-quarter revenue growth may have been above expectations. But the productivity software provider missed the mark on this key metric.
What happened
Shares of productivity software provider Atlassian(NASDAQ:TEAM) took a hit early Friday, declining as much as 11.1%. As of 12:15 p.m. EDT, however, the stock had recovered and was down about 8%.
The decline is likely due to both a bearish day in the market for tech stocks overall, as well as the tech company’s fiscal first-quarter earnings report, which was released on Wednesday afternoon.
Image source: Getty Images.
So what
Atlassian reported strong fiscal first-quarter results, with…
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