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Stock impact report

Why Atlassian Stock Fell on Friday [The Motley Fool]

Atlassian Corporation - Class A (TEAM) 
Last atlassian corporation - class a earnings: 4/30 04:03 pm Check Earnings Report
Company Research Source: The Motley Fool
Why Atlassian Stock Fell on Friday This could be a buying opportunity. Despite reporting strong sales and free-cash-flow growth in its fiscal third-quarter results on Thursday afternoon, shares of the collaboration and productivity software company Atlassian ( NASDAQ:TEAM ) took a hit on Friday, falling as much as 12.4%. At the time of this writing, the stock is down 6.6%. Bearishness toward the stock on Friday could be due to an analyst downgrade from JMP Securities, or also because Atlassian's guidance for its fiscal fourth-quarter non-IFRS (International Financial Reporting Standards) earnings per share was below analysts' consensus estimate for the period. Adding a record 6,000 net new customers during its fiscal third quarter and engaging with almost 3,000 users and partners during the period, Atlassian's third-quarter revenue soared 40% year over year, from $159.9 million in the third quarter of fiscal 2017 to $223.7 million. Free cash flow also rose impressively, climbing 26% Show less Read more
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