Atlassian's results show AI boosting the business rather than hurting it, corroborating all eight qualitative estimates made in the original thesis. x.com 

Atlassian is flagged as bullish with no reason given, only a ticker mention and a link. x.com 

Atlassian won't grow beyond inflation because nearly everyone already owns its product, so its rally is simply the market bidding up software as money rotates out of semiconductors. @sv_techie notes 28% growth last quarter and 26% for fiscal 2026, but guidance of 19.7% for the next quarter and about 13% for fiscal 2027. x.com 

Atlassian's quarter was hard to fault: beyond a revenue beat and raise, the bottom line, GAAP operating margin, RPO and cloud revenue were all good. The Q1 FY27 guide of 19.5% year-over-year growth at the midpoint looks conservative for the start of the year, and vibe-coded tools are no real threat to replace Jira. x.com  x.com  x.com 

Atlassian at $57-60 trades near decade lows while still growing 24%, and could reach $200+ in a few years if software becomes the next bubble after semiconductors. Its own AI agents, such as Rovo, are a plus. A replier who works in software warns that big-company contract cancellations slated for 2027 could be high, though that may already be in the price. x.com  x.com  x.com 

Atlassian is hard to buy despite strong contracted demand, because insiders have sold so heavily. Remaining performance obligations, contracted revenue not yet recognized and a precursor to reported revenue, accelerated sharply in Q2 2026. Even so, it does not look like the best opportunity in the market. x.com  x.com 

Software is flexing its muscles, showing AI is not killing the sector. Twilio, Atlassian, Cloudflare and JFrog all showed better-than-expected fundamental strength, setting software up for a strong session. x.com  x.com 

Software's relative strength and sound finances make institutional rotation from semis plausible. It could lead while semis consolidate, despite slow growth at some firms; the market rewards cash flow, healthy balance sheets and manageable debt. Salesforce, ServiceNow, Palantir, Shopify and Workday hold up; SAP's cloud and AI shift, Instacart's massive 10-month base, Veeva's massive five-year base and Atlassian's Stage 2 strength add to the case. Semis may still rally; the view can change. x.com  … Show more

Atlassian's rally is hard to justify as growth heads to the teens. Revenue grew 28% last quarter and 26% for FY26, but Q1 FY27 is guided to 19.7% and full FY27 implies about 13%. With EV/sales still in single digits, the stock is probably at fair value for high-teens growth. In some places git is replacing Jira, which is ancient technology. x.com  x.com  x.com  x.com 

Atlassian's drawdown has drawn shorts piling in at what looks like a bottom, a consistent market pattern, and they risk being trapped in false narratives as the stock recovers. x.com