APPN Stock Recent News

Shares of Appian have sunk ~20% after reporting strong Q2 results, creating a well-timed buying opportunity. The company accelerated both total and subscription revenue growth in Q2, which bucks the trend of many software companies reporting softer growth in the current macro. Management has also taken aggressive recent cost actions, prompting the company to lift its full-year adjusted EBITDA outlook to breakeven at the midpoint.

The headline numbers for Appian (APPN) 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.

MCLEAN, Va., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Appian (Nasdaq: APPN) announced today that management will be presenting and hosting meetings with institutional investors at the following upcoming conferences.

Appian beat estimates on the top and bottom lines. After a round of layoffs, the company now expects to break even on an adjusted EBITDA basis.

Appian (APPN) came out with a quarterly loss of $0.26 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.39 per share a year ago.

Second quarter cloud subscription revenue increased 19% year-over-year to $88.4 million Second quarter cloud subscription revenue increased 19% year-over-year to $88.4 million

In its opinion, the Court of Appeals of Virginia fundamentally misread and misapplied precedent from the Supreme Court of Virginia and failed to give due regard to the trial judge's evidentiary determinations and trial misconduct by Pegasystems MCLEAN, Va., July 30, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) announced today that it will appeal the decision by the Court of Appeals of Virginia and seek to reinstate its judgment of willful and malicious trade secret misappropriation against Pegasystems Inc. ("Pega").

Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems' alleged theft of Appian's trade secrets.

Appian (APPN) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

24/7 Insights With the new quarter begun and second-quarter earnings reports starting to come in, insider buying has slowed to a trickle.