What matters to most investors is how much a stock’s price changes over time. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, especially with tech giants and popular consumer-oriented stocks.
What if you had invested in Atlassian (TEAM) ten years ago? It may not have been easy to stick with TEAM all this time, but if you did, how much would your investment be worth today?
With that in mind, let’s take a look at Atlassian’s key business drivers.
Atlassian is a global leader and innovator in business collaboration and workflow software. The company offers a range of cloud-based software solutions that help organizations collaborate and manage their workforce, helping teams work better together.
Initially, Atlassian products were designed to help software development teams communicate, collaborate, and manage the software design and delivery cycle. However, over the years, the use of Atlassian solutions has expanded virally to teams across industries. With its continued focus on developing new collaboration tools, the company now meets the needs of various business functions, including financial, legal, human resources and IT support.
The company has more than 300,000 customers in 200 countries and virtually every industry sector. More than 80% of Fortune 500 companies, including General Motors, Bank of America, Merrill Lynch and Verizon, currently use at least one Atlassian solution.
The company has 13 sets of solutions, divided into four product categories: Plan, Track and Support; To collaborate; Code, build and ship; and Security & Identity. Of these 13 products, Atlassian’s JIRA, Confluence, Bitbucket, and Trello are the most notable.
The company’s JIRA team collaboration software is a leader in the software development community. Atlassian’s continued focus on adding new features to JIRA software according to customer requirements has given the company an edge over competitor offerings, including Broadcom’s Rally Software, Microsoft’s Azure DevOps Server and IBM’s Rational.
The Confluence solution allows teams to create, share, and collaborate on content. Atlassian’s Bitbucket is used by professionals for code sharing. The Trello software adds a visual component that allows organizations to keep track of who is working on which project and how far they have come.
