Why Appian Stock Tumbled Today
Appian(APPN) The Motley Fool·2024-05-03 01:38
Shares of the low-code software fell on disappointing guidance in its first-quarter report.Shares of Appian (APPN -17.61%) were taking a dive today after the low-code cloud software company reported first-quarter results that matched analyst expectations on the top line but came up short on the bottom line.Appian also cut its bottom-line forecast for the year.As a result, the stock was down 19.1% as of 11:43 a.m. ET. Appian is growing, but not fast enoughAppian had already given investors preliminary result ...