TEAM is trading at $75.50 (-4.95%) in after-hours sessions as investors lock in profits following a significant intraday surge and broader tech sector volatility.
- Atlassian reported strong Q2 results with $1.22 EPS and $1.59B in revenue, beating analyst estimates and driving an 8.53% gain during regular trading hours.
- The company achieved a major milestone by surpassing $1B in quarterly Cloud revenue and announced the integration of new AI agents into its Jira platform.
- The late-day pullback reflects broader market caution, with the NASDAQ falling 1.21% and investors reacting to post-earnings weakness in other major tech names like Nvidia.