🔴 Appian is trading 12% down today as technology stocks sell off despite strong results

Appian is trading 11.95% down now at $26.38 as investors appeared to sell technology and software stocks despite strong second-quarter results.

• Second-quarter revenue rose 19% to $203.3 million; adjusted EPS reached $0.13.
• Management raised full-year revenue guidance to $845 million–$853 million, while cloud subscription revenue grew 23% to $131.7 million.
• Broader Nasdaq weakness and renewed concerns about AI-related technology spending are weighing on sentiment.