Why Appian Stock Sank 25.2% in November

·3 min read
Why Appian Stock Sank 25.2% in November

Shares of Appian (NASDAQ: APPN) fell 25.2% in November, according to data from S&P Global Market Intelligence. The company's GAAP loss for the period came in at $0.36, which was significantly worse than the average analyst estimate's target for a loss of $0.21 per share. Appian's revenue climbed 19.6% year over year in Q3, and its cloud subscription revenue rose 36% compared to the prior-year period to reach $46.7 million.

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