By coinnews 
00:00 Brad
Now time for some of today’s trending tickers. We’re watching a couple of earnings movers, Duolingo and Atlassian. Joining me now is my morning brief co-host Madison Mills. First up, Duolingo jumping on a big earnings beat. The language learning provider also raising its full year forecast with AI as a tailwind, as we’re keeping close tabs on Duolingo here today. You’re seeing shares a jumpin’ jumpin’ as Destiny’s Child would say, by about 15, 16% right now.
00:23 Madison
Yeah, Duolingo obviously really running ahead when it came to that mobile adaptation. Obviously you think of it as a mobile first app, but the company coming out even before earnings, saying, hey, actually, we are an AI play. We are going to be an AI company, and you’re seeing that not only benefiting the reaction in terms of the stock price, but also in terms of analyst notes. UBS noting here on Friday that the company found pockets of earlier than expected success around optimizing its gen AI related costs. The question mark though, that they note, is that it’s unclear if the savings were more one-time in nature around chat GPT 4.1 adoption here. So that is the question. Are the expenditures on Duolingo’s AI contracts in particular going to be something that, you know, potentially weighs on the business? Obviously investors don’t think so. You can see here on your screen, the stock is up over 40% year to date.
01:11 Brad
All right. Next up, a company who I had the privilege of working on their IPO actually in a past life, Atlassian. Their corporation falling after reporting quarterly results here. The software company did beat in the third quarter, although data center and marketplace and other revenue that came in below expectations. Some analysts were cautious on the form, the firm’s fourth quarter guidance, and that is sending shares lower here by just shy of 8% right now, Maddie.
01:42 Madison
Yeah, it’s interesting. I’m taking a look again at UBN UBS analyst reaction here, saying the quarter was colored by a smaller than normal cloud beat. What does that sound like? It also sounds like Amazon, an inline on-prem data center segment and back end loaded enterprise deal quarter that Atlassian pinned not on macro, but on the sales process. Really interesting to hear the company not saying it’s the macro uncertainty that was leading to that smaller than expected cloud beat. It’s actually the sales process internally here. So that is really interesting to see. Uh and remember also, this is a company that is transitioning to a cloud computing business model. So, question mark about whether or not the company’s sales process is going to change around that and whether that will lead to some more pressure on the stock moving forward. As you say, Brad, down about 7 and a half percent this morning.
02:29 Brad
Yeah, their CFO indicating that cloud migration contributions to revenue growth are expected to improve in fiscal year 26 and fiscal year 27. We’ll continue to watch shares of Atlassian. Maddie, thanks so much for breaking these down.
02:47 Madison
Thank you.