Atlassian Corp is a software development company that specializes in collaborative tools and solutions for teams. Known for its flagship products like Jira, Confluence, and Trello, Atlassian provides platforms that facilitate project management, team collaboration, and agile development. The company’s offerings are designed to enhance productivity and streamline workflow for organizations of various sizes, enabling them to plan, track, and manage their projects more effectively. With a focus on fostering collaboration and communication, Atlassian serves a diverse clientele across multiple industries, empowering teams to work together seamlessly, regardless of location.
At AWS re:Invent today, Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, and Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), announced a multi-year strategic collaboration agreement (SCA) to expedite cloud transformation and deliver advanced AI and security capabilities to enterprise customers.
Atlassian is gaining solid momentum over the last several months, recovering from its 52-week low in August. What's causing the turnaround, and can it continue?
The top 10 performers last week were Reddit, Paycom, Mobileye, Exelixis, Garmin, Roblox, Twilio, Snap, Waters, and Atlassian. Many analysts raised price forecasts.