🔴 TEAM is trading 9% down today on weak cloud growth guidance and AI competition

TEAM is trading at $89.39 (-9.17%) in after-hours following a Q2 fiscal 2026 earnings beat overshadowed by projections of slowing cloud growth and rising AI competition.

• Atlassian reported revenue of $1.586 billion (up 23% YoY) and non-GAAP EPS of $1.22, both exceeding analyst estimates.
• While Cloud revenue rose 26% to $1.07 billion and RPO grew 44%, shares fell as management warned of decelerating growth amid broader SaaS sector pressures from tools like Anthropic.