Tag: $Atlassian Corp

Sandisk stock was rising on Monday after Nasdaq said it would be adding the flash memory product supplier to the Nasdaq 100 index.

Atlassian said on Wednesday that it’s eliminating 10% of its workforce, or about 1,600 jobs, as the company restructures following a plunge in its stock price driven by developments in artificial intelligence.

Atlassian said it has agreed to acquire The Browser Company, a startup that offers a web browser with artificial intelligence features, for $610 million in cash.

Atlassian Corp Plc (NASDAQ:TEAM) rose marginally higher in premarket trading Friday after the software maker reported stronger-than-expected fourth quarter results, bolstered by continued growth in its AI and cloud offerings. The company also posted upbeat fiscal year results but issued revenue guidance slightly below estimates.