Atlassian Shares Are Trading Higher Today: What's Going On?

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

• NOW Q3 Revenue: $1.83 billion missed estimate of $1.85 billion.
• NOW Q3 EPS: $1.96 beat 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 are maintaining our investments in growth hires as the opportunity in front of us remains enormous," said Gina Mastantuono, CFO of ServiceNow.

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

See Also: This Is What Whales Are Betting On ServiceNow

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 time of publication, according to Benzinga Pro.

Photo: courtesy of Atlassian.