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Why Appian Stock Tumbled 25% in May

TheMotleyFool

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Shares of Appian (NASDAQ: APPN) tumbled 25% in May, according to data provided by S&P Global Market Intelligence. The cloud-based company slipped after its first-quarter earnings report failed to live up to expectations. Making matters worse, Appian's overall revenue growth continued to tick lower, which left investors wanting more.

However, the company is in the midst of a transition to higher-quality revenue, so things are not as dire as they might seem.

Image source: Getty Images.

Source Fool.com

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