What happened to Appian (APPN) stock?
ASYS, APPN, and BALY have been added to the Zacks Rank #5 (Strong Sell) List on January 17, 2022 What happened Shares of low-code automation software platform Appian (NASDAQ: APPN) collapsed in an avalanche of selling Wednesday. As of 11:30 a.m. ET, Appian stock is down 6.5%. You can blame Barclays Capital for that.
Who is the CEO of Appian Inc?
MCLEAN, Va., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) announced today that Mark Lynch, Chief Financial Officer, Marc Wilson, Founder and Chief Partner Officer, and Sri Anantha, Director ...
What are analysts'price targets for Appian's stock?
7 Wall Street analysts have issued 12-month price targets for Appian's shares. Their forecasts range from $80.00 to $180.00. On average, they anticipate Appian's stock price to reach $119.86 in the next year.
Will Appian stock rebound in 2022?
Appian's subscription services help companies inexpensively build customized software without the expertise of an in-house team of developers. The Fool has written over 200 articles on Appian. After another strong quarter, the stock looks poised for a rebound in 2022. The low-code specialist delivered a strong fourth-quarter earnings report.
Is Appian stock a good buy?
Out of 6 analysts, 3 (50%) are recommending APPN as a Strong Buy, 1 (16.67%) are recommending APPN as a Buy, 1 (16.67%) are recommending APPN as a Hold, 0 (0%) are recommending APPN as a Sell, and 1 (16.67%) are recommending APPN as a Strong Sell.
Is Appian overvalued?
Valuation metrics show that Appian Corporation may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors.
Is Appian publicly traded?
On May 25, 2017, Appian became a publicly-traded company, trading as APPN on the NASDAQ Global Exchange.
Is APPN a buy right now?
Appian Corp (NASDAQ:APPN) The 6 analysts offering 12-month price forecasts for Appian Corp have a median target of 57.50, with a high estimate of 77.00 and a low estimate of 37.00. The median estimate represents a +14.82% increase from the last price of 50.08.
Is Appian profitable?
Appian stock is not for the risk-averse, as the company is not yet profitable. But with a recent market valuation of around $4 billion, the company has a lot of room for growth.
Why is Appian stock rising?
Appian (APPN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Why is Appian stock down?
Shares of Appian, already down more than 30% year to date, is at risk of slipping further. The company's recent Q3 earnings release failed to inspire enthusiasm, especially as it took down its full-year adjusted EBITDA outlook. Appian plays in a very competitive space against other platform software vendors.
Who uses Appian?
We have data on 2,799 companies that use Appian....Who uses Appian?CompanyFederal Emergency Management AgencyCompany Size>10000CompanyLorven TechnologiesWebsitelorventech.comCountryUnited States19 more rows
Is Appian a well known company?
Appian is the only recognized global leader across multiple enterprise technology markets, including low-code application development, digital process automation (DPA), intelligent business process management systems (iBPMS), and dynamic case management (DCM).
How do you buy stock in Appian?
How to buy shares in Appian CorporationCompare share trading platforms. Use our comparison table to help you find a platform that fits you.Open your brokerage account. Complete an application with your details.Confirm your payment details. ... Research the stock. ... Purchase now or later. ... Check in on your investment.
Is Appian stock a Buy, Sell or Hold?
Appian stock has received a consensus rating of buy. The average rating score is and is based on 9 buy ratings, 5 hold ratings, and 8 sell ratings.
What was the 52-week low for Appian stock?
The low in the last 52 weeks of Appian stock was 42.18. According to the current price, Appian is 114.89% away from the 52-week low.
What was the 52-week high for Appian stock?
The high in the last 52 weeks of Appian stock was 149.80. According to the current price, Appian is 32.35% away from the 52-week high.
What are analysts forecasts for Appian stock?
The 22 analysts offering price forecasts for Appian have a median target of 103.41, with a high estimate of 235.00 and a low estimate of 38.00. The...
Nasdaq Global Market
Environmental, Social, and Governance Rating
Appian's subscription services help companies inexpensively build customized software without the expertise of an in-house team of developers.
Business Summary
"B" score indicates good relative ESG performance and an above-average degree of transparency in reporting material ESG data publicly and privately. Scores range from AAA to D.
Appian to Participate in Upcoming Investor Conferences
Appian's subscription services help companies inexpensively build customized software without the expertise of an in-house team of developers.
Why Appian Stock Was Climbing Today
MCLEAN, Va., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) announced today that management will be presenting and hosting meetings with institutional investors at the following upcoming confe...
Appian (APPN) Reports Q4 Loss, Tops Revenue Estimates
The low-code specialist delivered a strong fourth-quarter earnings report.
Appian Announces Fourth Quarter and Full Year 2021 Financial Results
Appian (APPN) delivered earnings and revenue surprises of 30.43% and 10.19%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Appian Government Cloud Receives Provisional Authorization at Impact Level 5
Fourth quarter cloud subscription revenue increased 39% year-over-year to $51.2 millionFull year cloud subscription revenue increased 39% year-over-year to $179.4 million
Analysts Estimate Appian (APPN) to Report a Decline in Earnings: What to Look Out for
McLEAN, Va., Feb. 16, 2022 /PRNewswire/ -- Appian (NASDAQ: APPN) today announced that Appian Government Cloud is one of the first low-code platform-as-a-service offerings to receive Provisional Authoriz...
This Beaten-Down Tech Stock Looks Like a Great Buy Right Now
Appian (APPN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
When is the Appian earnings call?
Low-code software platform specialist Appian is off by about 80% from its all-time high.
What does "Hold" mean in APPN?
How can I listen to Appian's earnings call? Appian will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "6145770".
APPN Overview
A hold rating indicates that analysts believe investors should maintain any existing positions they have in APPN, but not buy additional shares or sell existing shares. View analyst ratings for Appian or view top-rated stocks.
Zen Score
Appian Corporation provides low-code automation platform that enables organizations to develop various applications in the United States and... read more
Due Diligence Checks
You've viewed Zen Score for 10/10 free stocks. Upgrade to Premium to see how APPN scored across 38 valuation, financial, forecast, performance, and dividend due diligence checks.
Profit margin
APPN's profit margin has decreased... subscribe to Premium to read more.
Assets to liabilities
APPN's cash and short-term investments... subscribe to Premium to read more.
Cash flow
APPN's short-term assets ($338.26M) exceed... subscribe to Premium to read more.
Barclays warns on valuation for tech stocks
APPN's cash and short-term investments... subscribe to Premium to read more.
What happened
I like things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well.
So what
Shares of low-code automation software platform Appian ( NASDAQ:APPN) collapsed in an avalanche of selling Wednesday. As of 11:30 a.m. ET, Appian stock is down 6.5%.
Now what
Barclays has been an Appian skeptic for some time, it should be noted. Prior to today, the analyst rated Appian stock underweight (i.e., sell) with a $90 price target. The banker continues to see Appian as a sell today.
What is Appian Corporation?
Because no matter how fast Appian is growing -- and sales have tripled over the past five years -- the valuation on this stock truly does look unhinged.
What is an APPN?
Appian Corporation provides low-code automation platform in the United States and internationally. The company's platform automates the creation of forms, workflows, data structures, reports, and other software elements that are needed to be manually coded. The company also offers professional and customer support services. Its customers financial services, government, life sciences, education, technology, media and telecommunications, consumer, and industrials. The company was incorporated in 1999 and is headquartered in McLean, Virginia. .
Key Points
Appian Corporation is a software-infrastructure business based in the US. Appian Corporation shares (APPN) are listed on the NASDAQ and all prices are listed in US Dollars. Appian Corporation employs 1,460 staff and has a trailing 12-month revenue of around 0.00.
NASDAQ: APPN
Appian stock is climbing along with the broader market, and worse-than-expected unemployment data could be factoring into the gains.
What happened
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So what
Growth-dependent tech stocks got off to a rough start this week, but they're regaining some of their lost ground in Thursday's trading. Among them, Appian ( APPN -1.25% ) was up roughly 6.3% as of 1 p.m. ET, while the technology-heavy Nasdaq Composite index was up roughly 1.5%.
NASDAQ: APPN
Growth-dependent tech stocks sank early in this week's trading as investors continued to react to rising Treasury bond yields, the Fed's plans to raise benchmark interest rates this year, and other macroeconomic factors. But on Thursday, the Labor Department published its report on jobless claims for the week ending Jan.
Now what
With that unexpected jump, new unemployment claims hit a three-month high. However, this may be a case where bad news is good news for the market, at least as far as the near-term trading backdrop for stocks goes.
Premium Investing Services
Appian stock is down roughly 13.4% so far in 2022, while the Nasdaq Composite index has slid by roughly 6.7%. The software company now has a market capitalization of roughly $4 billion and is valued at approximately 9.5 times this year's expected sales.
A recap of performance
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Don't sweat the red
Appian provides a low-code software development platform, helping businesses without the resources to hire engineers (or those simply looking to speed up the development process) build apps, websites, and other software.
Sales
Risks
- 5 brokers have issued 12-month price objectives for Appian's shares. Their predictions range from $26.00 to $33.00. On average, they anticipate Appian's share price to reach $30.20 in the next twelve months. This suggests that the stock has a possible downside of 9.5%. View Analyst Price Targets for Appian.
Ratings
- 5 Wall Street analysts have issued \"buy,\" \"hold,\" and \"sell\" ratings for Appian in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock, resulting in a consensus recommendation of \"Hold.\" View Analyst Ratings for Appian.
Reception
- Press coverage about APPN stock has trended positive on Monday, according to InfoTrie Sentiment Analysis. The research group ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being th…
Funding
- (APPN) raised $76 million in an initial public offering (IPO) on Thursday, May 25th 2017. The company issued 6,300,000 shares at $11.00-$13.00 per share. Morgan Stanley, Goldman, Sachs and Barclays served as the underwriters for the IPO and Pacific Crest Securities (a division of KeyBanc Capital Markets), Canaccord Genuity and Cowen and Company were co-managers.
Ownership
- Appian's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (1.23%), BlackRock Inc. (0.85%), Frontier Capital Management Co. LLC (0.28%), Nepsis Inc. (0.23%), Roundview Capital LLC (0.13%) and First Trust Advisors LP (0.11%). Company insiders that own Appian stock include Abdiel Capital Managem…
Business
- Appian has a market capitalization of $2.14 billion and generates $226.74 million in revenue each year. The company earns $-49,450,000.00 in net income (profit) each year or ($0.80) on an earnings per share basis. Appian employs 1,058 workers across the globe.