Why Appian Stock Plummeted 21% in February

Shares of Appian (NASDAQ: APPN) fell by 21.3% last month, according to data provided by S&P Global Market Intelligence, after the company reported its fourth-quarter results. Appian reported earnings on Feb. 18 and both the company's top and bottom lines beat analysts' consensus estimates. The company's management pointed out a few highlights from the quarter, including its cloud subscription revenue spiking 40% to $36.9 million and total subscription sales increasing 33% from the year-ago quarter.