How the Coronavirus Pandemic Is Disrupting Appian's Business
Appian (NASDAQ: APPN) has been a volatile but profitable small-cap stock play in recent years. As of this writing, shares are up over 250% over the last three years. However, the low-code software development platform is facing a new challenge: COVID-19.
While many businesses have been struggling to adapt under shelter-in-place mandates and work-from-home orders, companies in the digital world have been more resilient -- often seeing higher demand for their services because of the pandemic. It's a situation that would seem to bode well for Appian, too. But if management's guidance for the second quarter and its axing of full-year expectations are any indications, the company is finding the coronavirus crisis anything but smooth sailing.
A couple of aspects of our response to coronavirus have been particular drags on this cloud software and service provider, but the team at Appian is looking to use the immediate-term uncertainty to its advantage.
Source Fool.com
