Is Appian About to Checkmate Its Top Rival?

Appian (NASDAQ: APPN) stock is down 54% this year as slowing growth, widening losses, and fears of a recession have all weighed on the low-code software company. Appian was awarded those damages in May, and in September the court entered final judgement, which included a 6% interest penalty, equal to $122 million a year, against Pegasystems that it must pay if the verdict stands after the appeals process. Given the unusually large award, the outcome has serious consequences for both Appian and Pegasystems.