Appian Corporation (NASDAQ:APPN) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.17 per share.
Looking ahead, the full year loss are expected at $ 0.57 per share on the revenues of $ 288.65 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ -0.18 ~ $ -0.16 per share, while revenues are expected in a range of $ 70.50 million ~ $ 71.50 million
Full Year 2020 topline are forecasted in a range of$ 296.00 million ~ $ 298.00 million, where as bottomline are predicted in a range of $ -0.58 ~ $ -0.55 per share
Click Here For More Historical Outlooks Of Appian Corporation
Previous Quarter Performance
Appian Corporation revealed loss for the second quarter of $ 0.12 per share, from the revenue of $ 66.78 million. Wall street analysts are predicting, APPN to report 2Q20 loss of $ 0.25 per share from revenue of $ 61.07 million. The bottom line results beat street analysts by $ 0.13 or 52.00 percent, at the same time, top line results outshined analysts by $ 5.71 million or 9.35 percent.
Stock Performance
Shares of Appian Corporation traded up $ 3.12 or 4.62 percent on Wednesday, reaching $ 70.66 with volume of 531.90 thousand shares. Appian Corporation has traded high as $ 71.32 and has cracked $ 67.88 on the downward trend
The closing price of $ 70.66, representing a 132.34 % increase from the 52 week low of $ 29.07 and a 20.36 % decrease over the 52 week high of $ 84.81.
The company has a market capital of $ 5.19 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Barclays at Equal-Weight rating, with $ 69.00 target price.
Conference Call
Appian Corporation will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.appian.com
Appian Corporation provides low-code software development platform that enables organizations to develop various applications in the United States and internationally. The companys platform automates the creation of forms, data flows, records, reports, and other software elements that are needed to be manually coded or configured. Its principal software markets include business process management systems, dynamic case management, digital process automation, and low-code development.
