What is happening? By Benzinga

© Reuters. Atlassian Shares Are Trading Higher Today: What’s Going On?

Atlassian Corp (NASDAQ: TEAM) shares are trading higher on Thursday in sympathy with ServiceNow Inc (NYSE: NOW) after the company reported better-than-expected earnings results.

  • NOW Q3 Income: $1.83 billion overlooked estimate of $1.85 billion.
  • NOW Q3 EPS: $1.96 lose estimate of $1.85.

“Q3’s outperformance is a testament to the mission-critical nature of our platform and the strong execution of the ServiceNow team. We continue to see a robust pipeline and maintain our investments in hiring growth while the opportunity to in front of us remains enormous,” said Gina MastantuonoCFO of ServiceNow.

ServiceNow provides software solutions to structure and automate various business processes. Atlassian makes software that helps teams work together more efficiently and effectively.

TEAM Price Action: Atlassian has a 52-week high of $380.63 and a 52-week low of $159.54.

The stock was up 3.76% at $202.56 at press time, according to Benzinga Pro.

Image: courtesy of Atlassian.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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