Cloud Computing Firm Appian Stock Nosedives After Q1 Print, What's Going On?

Benzinga05-02

Appian Corp (NASDAQ:APPN) reported fiscal first-quarter 2024 revenue growth of 11% year-on-year to $149.84 million, marginally beating the analyst consensus of $149.76 million.

Adjusted EPS loss of 24 cents missed the analyst consensus loss of 16 cents. The stock price plunged close to 20% after the results.

Total subscription revenue increased 19% year over year to $117.7 million. Professional services revenue was $32.1 million, down 11% year over year.

Outlook: Appian expects second-quarter revenue of $140.00 million – $144.00 million, up by 10% – 13% Y/Y against the consensus of $145.25 million. It projects an adjusted EPS loss of 34 cents to 28 cents versus the 0.29 cents consensus loss .

The company reiterated fiscal 2024 revenue of $615.00 million – $617.00 million, up by 13% Y/Y, below the consensus of $615.75 million. It projects adjusted EPS loss of $(0.85) – $(0.79) (prior $(0.73) – $(0.66)), against the consensus loss of $(0.68).

Appian stock gained over 1% in the last 12 months. Investors can gain exposure to the stock via First Trust Nasdaq Artificial Intelligence And Robotics ETF (NASDAQ:ROBT) and First Trust Cloud Computing ETF (NASDAQ:SKYY).

Price Action: APPN shares traded lower by 20.10% at $29.35 on the last check Thursday.

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432600594?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-02 22:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432600594","market":"us","top_or_hot":-1,"title":"Cloud Computing Firm Appian Stock Nosedives After Q1 Print, What's Going On?","media":"Benzinga","content":"<html><body><p><strong><a href=\"https://laohu8.com/S/APPN\">Appian Corp</a> </strong>(NASDAQ:APPN) reported fiscal first-quarter 2024 revenue growth of 11% year-on-year to $149.84 million, marginally beating the analyst consensus of $149.76 million.</p>\n<p>Adjusted EPS loss of 24 cents missed the analyst consensus loss of 16 cents. The stock price plunged close to 20% after the results.</p>\n<p>Total subscription revenue increased 19% year over year to $117.7 million. Professional services revenue was $32.1 million, down 11% year over year.</p>\n<p><strong>Outlook: </strong>Appian expects second-quarter revenue of $140.00 million – $144.00 million, up by 10% – 13% Y/Y against the consensus of $145.25 million. It projects an adjusted EPS loss of 34 cents to 28 cents versus the 0.29 cents consensus loss .</p>\n<p>The company reiterated fiscal 2024 revenue of $615.00 million – $617.00 million, up by 13% Y/Y, below the consensus of $615.75 million. It projects adjusted EPS loss of $(0.85) – $(0.79) (prior $(0.73) – $(0.66)), against the consensus loss of $(0.68).</p>\n<p>Appian stock gained over 1% in the last 12 months. Investors can gain exposure to the stock via <strong>First Trust Nasdaq Artificial Intelligence And Robotics ETF</strong> (NASDAQ:ROBT) and <strong><a href=\"https://laohu8.com/S/SKYY\">First Trust Cloud Computing ETF</a></strong> (NASDAQ:SKYY).</p>\n<p><strong>Price Action: </strong>APPN shares traded lower by 20.10% at $29.35 on the last check Thursday.</p>\n<p><em>Photo via Shutterstock</em></p>\n</body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cloud Computing Firm Appian Stock Nosedives After Q1 Print, What's Going On?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCloud Computing Firm Appian Stock Nosedives After Q1 Print, What's Going On?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 22:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/24/05/38586304/cloud-computing-firm-appian-stock-nosedives-after-q1-print-whats-going-on><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Appian Corp (NASDAQ:APPN) reported fiscal first-quarter 2024 revenue growth of 11% year-on-year to $149.84 million, marginally beating the analyst consensus of $149.76 million.\nAdjusted EPS loss of 24...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/24/05/38586304/cloud-computing-firm-appian-stock-nosedives-after-q1-print-whats-going-on\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MNQ","symbol_name":"微型NQ100指数","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/05/38586304/cloud-computing-firm-appian-stock-nosedives-after-q1-print-whats-going-on","article_id":"2432600594","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432600594","pubTimestamp":1714660044,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Appian Corp reported 11% Y/Y revenue growth in Q1 2024, slightly beating analyst consensus. EPS loss of $(0.24) missed expectations. Stock price dropped 9%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TQQQ":"纳指三倍做多ETF","QLD":"纳指两倍做多ETF","SKYY":"First Trust Cloud Computing ETF","BK4548":"巴美列捷福持仓","BK4585":"ETF&股票定投概念","PSQ":"纳指反向ETF","SQQQ":"纳指三倍做空ETF","BK4097":"系统软件","QID":"纳指两倍做空ETF","APPN":"Appian Corp","FDN":"First Trust Dow Jones Internet I","BK4550":"红杉资本持仓","BK4588":"碎股",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","ROBT":"First Trust Nasdaq Artificial Intelligence and Robotics ETF"},"translate_title":"Q1印刷后，云计算公司Appian股票暴跌，这是怎么回事？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APPN":0.9,".IXIC":0.9,"SKYY":0.9,"ROBT":0.9,"FDN":0.65,"TQQQ":0.6,"SQQQ":0.6,"QQQ":0.6,"QLD":0.6,"QID":0.6,"PSQ":0.6,"NQmain":0.6,"MNQmain":0.6},"content_text":"Appian Corp (NASDAQ:APPN) reported fiscal first-quarter 2024 revenue growth of 11% year-on-year to $149.84 million, marginally beating the analyst consensus of $149.76 million.\nAdjusted EPS loss of 24 cents missed the analyst consensus loss of 16 cents. The stock price plunged close to 20% after the results.\nTotal subscription revenue increased 19% year over year to $117.7 million. Professional services revenue was $32.1 million, down 11% year over year.\nOutlook: Appian expects second-quarter revenue of $140.00 million – $144.00 million, up by 10% – 13% Y/Y against the consensus of $145.25 million. It projects an adjusted EPS loss of 34 cents to 28 cents versus the 0.29 cents consensus loss .\nThe company reiterated fiscal 2024 revenue of $615.00 million – $617.00 million, up by 13% Y/Y, below the consensus of $615.75 million. It projects adjusted EPS loss of $(0.85) – $(0.79) (prior $(0.73) – $(0.66)), against the consensus loss of $(0.68).\nAppian stock gained over 1% in the last 12 months. Investors can gain exposure to the stock via First Trust Nasdaq Artificial Intelligence And Robotics ETF (NASDAQ:ROBT) and First Trust Cloud Computing ETF (NASDAQ:SKYY).\nPrice Action: APPN shares traded lower by 20.10% at $29.35 on the last check Thursday.\nPhoto via Shutterstock","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432600594"}