Why Appian Stock Was Pulling Back Today

Shares of Appian (NASDAQ: APPN) were sliding today after the cloud-based provider of low-code application software reported fourth-quarter earnings last night. The company topped expectations in the fourth quarter, but its bottom-line guidance for 2021 was below the analyst consensus.

As a result, the stock was down 4.1% as of 12:37 p.m. EST on Friday after falling as much as 11.3% earlier in the session.

Image source: Appian.

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Source Fool.com