APPN - Appian: Strong Demand But Bottom Line Needs To Improve

2024-02-19 04:29:40 ET

Summary

• Appian is a leading player in the low-code space, offering a platform for building and optimizing applications quickly.
• APPN stock is down 15% since my last coverage. Growing demand on AI and low-code has revised my prior thesis. Nonetheless, APPN appears fully priced, in my opinion.
• APPN's fundamentals are also moderate at best, with steady revenue growth but widening net losses and weak profitability and cash flow generation.

Appian ( APPN ) is a leading player in the low-code space. Its low-code automation platform helps businesses to build and optimize applications swiftly. Their platform streamlines complex workflows, while its user-friendly tools cater to both professional and citizen developers. ...

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