Appen finds footing in AI market despite loss of Google
Appen (ASX:APX) has reported its Q3 FY24 results, highlighting resilience despite challenges in the tech sector.
Read MoreTag: APX
Appen shares plummet as Google terminates contract
On Monday, the tech sector witnessed another dramatic downturn, as shares in Appen (ASX:APX) slumped by 37%, adding to the bloodshed in the market.
Read MoreAppen’s earn-out payment shrinks: Mixed news for investors
The final payment for Appen's 2021 acquisition of Quadrant Global Pte Ltd is now expected to be lower than initially forecasted, impacting Appen's working capital facility.
Read MoreAppen plunges 29% following bleak interim results
Appen's (ASX:APX) shares experienced a significant 29% drop until 1pm yesterday as the company unveiled a set of interim results marked by substantial losses and declining growth, triggering investor concern.
Read More$60m Needed to Stage this Case of Appen Stance
Struggling tech Appen is looking for $60 million from institutions and ordinary shareholders in what could be a final effort to remain viable.
Read MoreDouble Trouble for Appen and Redbubble
Carnage on and off the trading screens for both data / AI techie Appen and e-tailer Rebubble, with cost- and job-cutting the order of the day.
Read MoreDowngrade for Appen as Ad Revenues Shrink
Falling online ad revenue has forced data services company Appen to make its third downgrade since July, causing another selloff for its shares, which slumped 16% at one stage.
Read MoreAppen Fulfils its Own Prophecy with Weak Update
Appen shares slumped 30% at one stage on Tuesday after it revealed a stunningly weak trading update for its first half of 2022, as it had earlier intimated might be on the cards.
Read MoreRunaway Bride: Appen jilted after whirlwind romance
Appen shares will plunge when trading restarts this morning after Canadian suitor Telus walked away from a near $1.2 billion takeover bid just hours after it was revealed to the market.
Read MoreAPX – Citi rates the stock as Buy
Citi has opened a “positive catalyst watch” on the company. Buy rating retained. Target $14.80, down from $17.10, as earnings estimates have been reduced regardless.
Read MoreAPX – Citi rates the stock as Buy
Buy rating and $17.10 target price are retained.
Read MoreAPX – Citi rates the stock as Buy
Buy rating and $17.10 target retained.
Read MoreAPX – Credit Suisse rates the stock as Neutral
Neutral rating is unchanged and the target is lowered to $11 from $15.
Read MoreAppen Stands Tall on Horror Trading Day
Shares in AI services provider Appen bounced back with a strong relief rally to close up 17% at $13.20 on a day when the wider market suffered its biggest selloff since February.
Read MoreWax Melts on the Wings of Appen, Nearmap
Two high flying tech stocks returned to earth with a thud on Thursday with Appen and Nearmap both seeing 20% plus slumps in their share prices; one a bit of a mystery, the other for good reason.
Read MoreShort Term Pain For Appen
The virus has impacted on AI company Appen’s typically strong fourth quarter but management remains upbeat about 2021, while brokers look to the longer term.
Read MoreAPX – Credit Suisse rates the stock as Upgrade to Neutral from Underperform
Credit Suisse has become more balanced in its view of the stock and upgrades to Neutral from Underperform. The rating change is more about the share price than any fundamental difference.
Read MoreAppen’s Performance Continues To Impress
Appen continues to impress brokers with its performance in the artificial intelligence and machine learning space and Wilsons is one of the latest to initiate coverage.
Read MoreHigh Level Of Confidence In Appen
Demand for services provided by Appen is robust, given data annotation is critical to large technology companies amid the surge in demand for e-commerce.
Read MoreAPX – Credit Suisse rates the stock as Downgrade to Neutral from Outperform
At current levels, Credit Suisse suggests an upgrade is required to support the share price appreciation and this may be challenging in the current environment.
Read MoreAppen Upgrades Earnings Outlook Again
AI stock Appen has issued a strong earnings upgrade which saw the shares bounce sharply after the lift to its 2019 forecasts.
Read MoreDemand For Appen Intelligence Escalates
A period of investment is masking an encouraging growth trajectory at Appen, as demand for machine-learning applications escalates.
Read MoreAPX – Credit Suisse rates the stock as Initiation of coverage with Neutral
The broker has initiated coverage of Appen, balancing a 5.1x 2019 revenue forecast with discounted cash flow to come up with a target of $23.00. This is close to the trading price so the broker begins on Neutral.
Read MoreAppen In Silicon Valley Acquisition
Search and language data services company Appen is raising $300 million from big shareholders to finance the acquisition of San Francisco-based machine learning technology company Figure Eight.
Read MoreAPX – Citi rates the stock as Downgrade to Neutral from Buy
Appen’s 2018 financial performance seems to have beaten expectations, but Citi, in firm reference to the 75% share price rally year-to-date, downgrades to Neutral from Buy. The analysts have added 18%-20% to forecasts.
Read More
