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
€23.38
-1.740%
With 3 Buy predictions and 3 Sell predictions the community is currently undecided on Appian.
This results in a negative potential of -27.29% based on a current price of 23.38 € and a target price of 17 € for the stock.
