This Tech Stock Is Soaring -- but Can It Go Even Higher?
The stock market was having a generally negative morning on Wednesday, with all three major indexes firmly in the red as of 10 a.m. ET. However, low-code software company Appian (NASDAQ: APPN) was a big exception: Its shares were trading more than 16% higher.As you might expect, since we're in the height of earnings season, Appian's latest quarterly results are fueling that upward move.For starters, Appian beat fourth-quarter expectations on both the top and bottom lines. It achieved breakeven adjusted earnings, while experts were expecting a slight loss, and sales came in significantly ahead of the analysts' consensus. The company's 2025 guidance for adjusted EPS was greater than analysts had been looking for as well. Continue reading
The stock market was having a generally negative morning on Wednesday, with all three major indexes firmly in the red as of 10 a.m. ET. However, low-code software company Appian (NASDAQ: APPN) was a big exception: Its shares were trading more than 16% higher.
As you might expect, since we're in the height of earnings season, Appian's latest quarterly results are fueling that upward move.
For starters, Appian beat fourth-quarter expectations on both the top and bottom lines. It achieved breakeven adjusted earnings, while experts were expecting a slight loss, and sales came in significantly ahead of the analysts' consensus. The company's 2025 guidance for adjusted EPS was greater than analysts had been looking for as well.
