TEAM is trading at $84.05 (-3.36%) as investor concerns over AI risks to enterprise software overshadow a revenue beat in its latest earnings call.
- Strong revenue of $1.6B (+23% YoY) fueled by AI-powered Teamwork Collection adoption failed to impress amid valuation worries and prior insider selling.
- The stock's decline coincides with a broader market pullback, with the NASDAQ down 1.56%.
- Shares remain under pressure from ongoing year-to-date declines and skepticism regarding AI's long-term impact on the enterprise software sector.