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Here is how AppFolio (APPF) and HashiCorp, Inc. (HCP) have performed compared to their sector so far this year.
AppFolio (APPF) closed at $224.12 in the latest trading session, marking a +1.52% move from the prior day.
Transparent property listings, smart technology and effective communication are critical in attracting and retaining happy, long-term renters Transparent property listings, smart technology and effective communication are critical in attracting and retaining happy, long-term renters
Former Boomi and PayPal Sales and Services Leader Joins the AppFolio Executive Team Former Boomi and PayPal Sales and Services Leader Joins the AppFolio Executive Team
We have narrowed our search to three mid-cap Internet software stocks with strong potential for the rest of 2024. These are: TWLO, DAY, APPF.
AppFolio shares have dropped ~20% after reporting Q2 results despite a strong beat-and-raise quarter. The company's outlook for the remainder of FY24 still looks conservative with plenty of deceleration baked in, creating an opportunity for upside surprises as the year goes on. AppFolio continues to move upmarket with more sophisticated product offerings for larger multifamily property managers.
Investors must always balance growth and stability in their portfolios. While employing defensive positions is essential, deploying capital in high-growth sectors like technology can be a formula that accelerates growth.
Revenue for Q2 2024 was $197.4 million, growing 34% year over year. AppFolio reported a GAAP operating income of $36 million, reversing an operating loss position from the previous year.
The headline numbers for AppFolio (APPF) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
AppFolio (APPF) came out with quarterly earnings of $1.12 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.23 per share a year ago.