Atlassian Stock Has Underperformed Over the Last 5 Years. Are Things Finally Looking Up for Its Investors?
If you invested $1,000 in enterprise collaboration software company (NASDAQ: TEAM) five years ago, you'd have about $1,500 today. That's not too shabby. But you'd have closer to $1,800 if you had invested that same money into a S 500 index fund.
Atlassian stock is up, which is encouraging. But it's underperforming the S 500, which is discouraging. Can investors expect the company to turn a corner and outperform from here? Here are some things to consider.
Atlassian has software that helps people work together -- particularly handy for modern distributed workforces. Historically, the company was like most other software companies: It licensed its software to be used by businesses on premises. But more recently it's been pushing its customers toward subscription services on the cloud.
Source Fool.com
