Why Appian Stock Was Sliding Today
Shares of Appian (NASDAQ: APPN), a cloud software focused on business process automation, were falling today, even as the company beat estimates in its second-quarter earnings report. It pulled forward guidance to reach break-even on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis.
Despite that, investors seemed underwhelmed by weaker-than-expected revenue guidance for the third quarter and full year.
As a result, the stock was down 11.7% as of 11:05 a.m. ET.
Source Fool.com
Appian Stock
€26.31
-3.520%
Currently there is a rather positive sentiment for Appian with 11 Buy predictions and 3 Sell predictions.
As a result the target price of 41 € shows a very positive potential of 55.83% compared to the current price of 26.31 € for Appian.
