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Fly News Breaks for August 29, 2019
APPN
Aug 29, 2019 | 08:36 EDT
William Blair analyst Bhavan Suri says the overall tone of his investor meetings with Appian's Michael Beckley, founder and CTO, and Mark Lynch, CFO, were "very positive." Management was upbeat on the momentum of the business, says Suri, who me away impressed by the progress Appian is making on its strategic initiatives. He believes the initiatives will enable the company to maintain subscription revenue growth above 30% for the next several years. Suri remains positive on Appian's competitive positioning and maintains an Outperform rating on the shares.
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