Damn dams be damned: Mike Cannon-Brookes digs, and keeps digging
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a day ago
- Yahoo
Stephens Lowers Atlassian (TEAM) PT but Says AI Fears Are Overblown
Atlassian Corporation (NASDAQ:TEAM) is one of the . On August 11, Stephens analyst Brett Huff lowered the price target on the stock to $202.00 (from $221.00) while maintaining a Equal Weight rating. The price target cut follows Atlassian's mixed 4Q, guided FY1Q light, and guided mixed FY26. Despite the PT cut, Stephens pointed out to several factors supporting the stock: '(1) data refuting worry that developer AI coding tools will slow growth (2) getting FY26 guide done w/o too much pain/deceleration (+18% YOY) (3) a reiteration of FY27's >20% total rev CAGR growth guide, (4) commentary/data giving confidence in multiple growth drivers to keep TEAM in high teens growth range LT (5) some worry got built when stock traded down ~8% in trading session before reporting AMC yesterday." A data analyst pouring over a chart, the intricacies of its lines being revealed. The firm believes that AI-related demand fears are overblown and stock price is reasonable. Nevertheless, it isn't going against market sentiment considering much of the growth is being pushed to later years. 'While we think AI-driven seat headwind fears are overblown and despite more reasonable valuation (trading 6.3x EV/FY2E rev), we don't want to fight sentiment driven by AI and back-half loaded/FY27-loaded growth needed to meet guidance, so remaining EW. Updating target from $221 to $202 (based on 7.6x EV/FY2 rev vs. post-COVID 10.6x average).' Atlassian Corporation (NASDAQ:TEAM) is a global software company that designs, develops, licenses, and maintains various software products worldwide. While we acknowledge the potential of TEAM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Geek Wire
3 days ago
- Geek Wire
Tech Moves: Smartsheet adds to C-suite; Gradial and Zeno Power name senior leadership
Tech Moves covers notable hires, promotions and personnel changes in the Pacific NW tech community. Submissions: tips@ Stephanie Berner. (LinkedIn Photo) — Smartsheet's leadership shakeup continues with the appointment of Stephanie Berner as its new chief customer officer. Berner comes to the Bellevue, Wash.-based enterprise software giant from Atlassian, where she served as senior vice president. Berner has also held leadership roles in customer success at LinkedIn, Box and elsewhere. Last week Smartsheet disclosed that long-time CEO Mark Mader is leaving his post while Sunny Gupta steps in as acting CEO. The company also recently named named Tony Giannino as director of security and compliance. '[Berner's] experience in the work management market, proven track record and deep understanding of the B2B SaaS customer journey will be key as we enter a new era of AI-driven innovation,' Gupta said in a statement. — Gradial, a Seattle startup using AI agents to help marketing operations teams increase productivity, has added three new members to its senior leadership: Vikas Kamran joins as president. Kamran was founder and CEO of Revel for nearly 14 years. Infogain acquired Revel in 2020 and Kamran transitioned to chief digital officer for the company. joins as president. Kamran was founder and CEO of Revel for nearly 14 years. Infogain acquired Revel in 2020 and Kamran transitioned to chief digital officer for the company. Richard Rocca is vice president of sales and comes to the role from Adobe, where he worked for more than a decade. is vice president of sales and comes to the role from Adobe, where he worked for more than a decade. Chelsea Halliday is now head of marketing. Halliday has held marketing leadership roles for companies including Zillow Group, Vercel and MongoDB. A.C. Charania. (LinkedIn Photo) — Zeno Power, a Seattle startup developing nuclear-powered batteries, hired A.C. Charania as senior vice president of space business development. The company, which is co-located in Washington, D.C., announced $50 million of new funding in May. Charania was most recently chief technologist at NASA and has 25 years of experience in aerospace innovation in the public and private sectors. At Zeno Power, Charania will lead the company's pursuit of deals with NASA, the U.S. Department of Defense and commercial companies. Charania was also with Jeff Bezos' Blue Origin, leaving the role of lunar campaign director. — Longtime Seattle-area investor Brianna McDonald has joined the board of directors at the Angel Capital Association. This spring, McDonald became CEO of a new organization called Ecosystem Venture Group, which blends startup investment funds with services for entrepreneurs and investors. Phil Levin. (UW Photo) — Phil Levin is stepping in as interim director of the University of Washington's EarthLab, an institute that spans multiple colleges and departments. Levin is a conservation scientist, professor in the UW's College of the Environment, and lead scientist for The Nature Conservancy of Washington. '[T]he challenges we face are enormous. Climate change, biodiversity loss, environmental injustice — none of these have quick fixes. But I've never believed our job is to be optimistic. Our job is to be honest, brave, and imaginative,' Levin said in announcing his new role. Levin succeeds Ben Packard, who served as the inaugural Harriet Bullitt Endowed executive director of EarthLab beginning in 2017. Packard had previous leadership roles at The Nature Conservancy and Starbucks. — Lauren Olson, former director of fund management at the Seattle-based investment firm Breakwater Ventures, is now the fund operations manager at betaworks in New York. Betaworks this summer announced the close of a $66 million fund to invest in pre-seed and seed state startups. Olson previously worked for the SeaChange Fund and Madrona Venture Group. — Will Daughterty, president and CEO of Seattle's Pacific Science Center, joined the board of trustees for PCC Community Markets (PCC). The long-time retail grocery cooperative has also hired Amy Chow as the co-op's new chief financial officer. Chow was previously with the high-end kitchen and cookware store Sur La Table.
Yahoo
3 days ago
- Yahoo
1 Volatile Stock Worth Investigating and 2 We Find Risky
A highly volatile stock can deliver big gains - or just as easily wipe out a portfolio if things go south. While some investors embrace risk, mistakes can be costly for those who aren't prepared. At StockStory, our job is to help you avoid costly mistakes and stay on the right side of the trade. That said, here is one volatile stock that could deliver huge gains and two best left to the gamblers. Two Stocks to Sell: Brunswick (BC) Rolling One-Year Beta: 1.25 Formerly known as Brunswick-Balke-Collender Company, Brunswick (NYSE: BC) is a designer and manufacturer of recreational marine products, including boats, engines, and marine parts. Why Do We Pass on BC? Annual revenue declines of 13% over the last two years indicate problems with its market positioning Incremental sales over the last five years were much less profitable as its earnings per share fell by 4.2% annually while its revenue grew Diminishing returns on capital suggest its earlier profit pools are drying up Brunswick's stock price of $64.65 implies a valuation ratio of 16.2x forward P/E. If you're considering BC for your portfolio, see our FREE research report to learn more. Columbus McKinnon (CMCO) Rolling One-Year Beta: 1.26 With 19 different brands across the globe, Columbus McKinnon (NASDAQ:CMCO) offers material handling equipment for the construction, manufacturing, and transportation industries. Why Do We Think CMCO Will Underperform? Sales were flat over the last two years, indicating it's failed to expand this cycle Performance over the past two years shows each sale was less profitable, as its earnings per share fell by 9.3% annually Capital intensity has ramped up over the last five years as its free cash flow margin decreased by 7.4 percentage points Columbus McKinnon is trading at $14.78 per share, or 5.6x forward P/E. Check out our free in-depth research report to learn more about why CMCO doesn't pass our bar. One Stock to Watch: Atlassian (TEAM) Rolling One-Year Beta: 1.52 Founded by Australian co-CEOs Mike Cannon-Brookes and Scott Farquhar in 2002, Atlassian (NASDAQ:TEAM) provides software as a service that makes it easier for large teams of software developers to manage projects, especially in software development. Why Are We Positive On TEAM? Winning new contracts that can potentially increase in value as its billings growth has averaged 14% over the last year Well-designed software integrates seamlessly with other workflows, enabling swift payback periods on marketing expenses and customer growth at scale Robust free cash flow margin of 27.1% gives it many options for capital deployment At $164.02 per share, Atlassian trades at 7x forward price-to-sales. Is now the time to initiate a position? See for yourself in our in-depth research report, it's free. High-Quality Stocks for All Market Conditions When Trump unveiled his aggressive tariff plan in April 2025, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
