We recently published a list of 10 Firms Battered by Poor Earnings, Dismal Outlook. In this article, we are going to take a look at where Atlassian Corporation (NASDAQ:TEAM) stands against other Friday’s worst performers.

Wall Street’s major indices ended the trading week on a strong note, clocking in robust gains as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results.

The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent.

Despite the broader market optimism, 10 companies managed to register declines amid dismal earnings performance in the first quarter of the year. In this article, let us explore Friday’s 10 worst performers and the reasons behind their decline.

To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.

A group of executives in a board room discussing the latest software innovation.

Atlassian Corporation (NASDAQ:TEAM)

Atlassian Corp. dropped its share prices by 8.99 percent on Friday to finish at $208.48 apiece as investors sold off positions following its disappointing earnings performance during the past quarter of the year.

In a statement, Atlassian Corporation (NASDAQ:TEAM) said that net loss in the first quarter of the year expanded by 288 percent to $123.8 million from the $31.9 million registered in the same period last year.

Revenues, on the other hand, rose by 21 percent to $1.187 billion from $977.8 million in the same comparable period.

Atlassian Corporation (NASDAQ:TEAM) referred to its performance as a “solid start,” saying that it will continue to focus its investment and execution against its key strategic priorities of serving the enterprise, delivering AI innovation, among others.

For the second quarter of the year, Atlassian Corporation (NASDAQ:TEAM) said it expects total revenues to settle anywhere between $1.23 billion and $1.24 billion, with cloud revenue expected to grow 25.5 percent year-on-year.

For the full year 2025, the company targets to grow between 16.5 percent and 17 percent.

Overall, TEAM ranks 7th on our list of Friday’s worst performers. While we acknowledge the potential of TEAM as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than TEAM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.