Atlassian shares plunge about 16% on cautious outlook despite strong Q1 results
TEAM Atlassian Corp
$148.51 -4.13%
View chart & analysis → - 1Atlassian shares fell about 16% in pre-market trading on Friday.
- 2Atlassian's Q1 adjusted earnings per share (EPS) of $1.65 beat analysts' Q1 estimate of $1.43 adjusted EPS.
- 3Atlassian issued a cautious outlook, projecting fiscal year 2027 subscription annual recurring revenue (ARR) growth of only about 18.5% year-over-year.
So what's the key point?
Atlassian's share price fell by about 16% during pre-market trading on Friday.
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