|Bid||45.00 x 1100|
|Ask||48.50 x 1100|
|Day's range||46.73 - 49.23|
|52-week range||38.78 - 140.65|
|Beta (5Y monthly)||1.76|
|PE ratio (TTM)||N/A|
|Earnings date||03 Aug 2022 - 08 Aug 2022|
|Forward dividend & yield||N/A (N/A)|
|1y target est||58.14|
Appian (NASDAQ: APPN) is different from most software-as-a-service companies in a number of ways. The low-code specialist was founded in 1999, pre-dating the cloud software boom, and has been through several business cycles, including the financial crisis and the dot-com bust. It's based in Northern Virginia, away from the tech hub of Silicon Valley, and grew as a bootstrap, funded by its customers rather than venture capitalists like the typical Silicon Valley start-up.
Meta Platforms (META) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
The share prices of Appian (NASDAQ: APPN), Fastly (NYSE: FSLY), and Alteryx (NYSE: AYX) were all climbing today as some investors appear to be moving back into the tech sector. Investors have been particularly wary of technology stocks recently as inflation has climbed to a 40-year high, but the rally from these three stocks today shows that some investors may think the sector has finally reached its bottom.