News Summary

• Atlassian Corporation (NASDAQ:TEAM) led the software relief rally, with its fiscal fourth-quarter results easily blowing past Wall Street forecasts.
• (NYSE:NET) matched Atlassian's momentum with a record-breaking quarter driven by significant enterprise adoption of its edge security, performance, and developer platforms.
• While hedge funds have reduced their interests, and short interest is at an elevated 11.20%, that pessimism is opposed by a vast $4.8 billion backlog and a $250 million vote of confidence from the CEO.