Tag Archives: tech special report

Atlassian IPO Jumps 32%, Strong During Weak Trend

During a slow period for initial public offerings, enterprise software company Atlassian (TEAM) turned in a strong performance Thursday. Atlassian rose 32% to 27.68 on the stock market today after trading as high as 28.50. The company raised $462 million in the offering, pricing 22 million shares at 21, above its expected range of 19 to 20. It previously filed to offer 20 million shares at 16.50 to 18.50 a share. At its IPO price, Atlassian had a

Cyber Monday Record Sales Projected, Led By Mobile

Mobile commerce sparked Cyber Monday as it did Black Friday and the start of a holiday season in which online sales are outperforming last year’s. From midnight through 3 p.m. EST Monday, online sales were up 18.1% from the year-earlier period, according to IBM (IBM). That’s way up from IBM’s tally of an 8.5% sales gain for full-day Cyber Monday last year. Mobile users accounted for 46% of all online traffic, up 16% over 2014,

Has Black Friday Jumped The Shark? Importance Fading?

Black Friday’s importance as the key shopping day of the year is ending, observers say, as Thanksgiving Day sales zoom and easy mobile shopping makes other days just as important. The strong trend of online sales growth far surpassing offline sales continues, though. Cowen analyst Oliver Chen estimates that while online traffic during Black Friday weekend will rise 20% vs. a year earlier, in-store traffic will fall 2% to 4%. Online sales have