Atlassian's cloud migration is largely complete with paid customers stabilized, but enterprise penetration remains the underexecuted opportunity against ServiceNow. Rovo AI agents differentiate within developer/dev-ops workflows. Loom acquisition adds video collaboration. Jira and Confluence remain category-defining products with strong gross retention. Growth deceleration to 20% range is the multiple-compression risk.
| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| ZM | Zoom Communications Inc. | 65 | +5% | ↓8% | NEUTRAL |
| SE | Sea Limited | 65 | +14% | ↓8% | WATCH |
| TEAM | Atlassian Corporation | 65 | +7% | ↓8% | NEUTRAL |
| DOCU | DocuSign Inc. | 65 | +6% | ↓8% | NEUTRAL |
| ZS | Zscaler Inc. | 65 | +14% | ↓8% | WATCH |
| BABA | Alibaba Group Holding Ltd | 65 | +17% | ↓8% | WATCH |
| NET | Cloudflare Inc. | 65 | +16% | ↓8% | WATCH |
Atlassian Rovo AI agents reach 1M monthly active users
Cloud paid seats growth decelerates to 15% YoY