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Appian (APPN) is expanding its international footprint with its latest collaboration with Outsourcing Technology of Japan.
MCLEAN, Va. , Aug. 19, 2024 /PRNewswire/ -- Appian (Nasdaq: APPN) today announced the latest version of the Appian Platform, designed to transform how organizations orchestrate enterprise data and automate processes.
Big tech's rise to leadership in the stock market has been largely driven by AI. However, crackdowns and regulations are on the way, with states like Utah and California at the front of the push to regulate the technology.
Appian (APPN) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Appian has reformulated its business around automation and AI. The company cut its workforce in June, which will help drive it to break-even adjusted EBITDA.
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.