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
€24.31
-2.070%
With 2 Buy predictions and 3 Sell predictions the community is currently undecided on Appian.
However, we have a potential of 19.29% for Appian as the target price of 29 € is above the current price of 24.31 €.
