Fresh Off a Surge, Appian Passes Its First Big Test

Jeremy Bowman, The Motley Fool
·5-min read
Fresh Off a Surge, Appian Passes Its First Big Test

Coming into its fourth-quarter earnings report, Appian (NASDAQ: APPN) had a lot to prove. The stock had nearly tripled since Nov. 5, the day before its third-quarter earnings report came out, which sparked a blockbuster rally over the subsequent weeks. There was little news out on Appian then, but a combination of strong third-quarter results and a growing awareness of the opportunity in low-code automation -- Appian's focus -- led to the stock's breakout.