🔴 TEAM down 6.9% in after-hours trading despite major Google Cloud AI partnership expansion

TEAM is trading at $68.94 (-6.86%) in after-hours, a sharp decline that comes in surprising contrast to a major positive announcement made today.

• Atlassian announced an expanded partnership with Google Cloud at Google Cloud Next '26 to integrate its new Rovo AI capabilities with Google's Gemini AI.
• The move counters the potentially positive catalyst of the AI partnership news, suggesting a possible 'sell the news' reaction by investors or overriding negative sentiment.
• The drop occurs even as the broader market saw gains, with the S&P 500 and NASDAQ closing up 0.91% and 1.58%, respectively.