In the latest market close, AppFolio (APPF) reached $228.28, with a +0.75% movement compared to the previous day. This change outpaced the S&P 500's 0.3% loss on the day. Meanwhile, the Dow experienced a drop of 0.54%, and the technology-dominated Nasdaq saw an increase of 0.25%.Shares of the property management software maker have appreciated by 7.03% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.22% and the S&P 500's gain of 3.42%.Market participants will ...

AppFolio (APPF) closed the latest trading day at $231.99, indicating a -0.06% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.01%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq added 1.13%.Coming into today, shares of the property management software maker had gained 7.63% in the past month. In that same time, the Computer and Technology sector gained 1.48%, while the S&P 500 gained 2.5%.Analysts and investors alike will be keeping a c ...

SANTA BARBARA, Calif., Aug. 22, 2024 (GLOBE NEWSWIRE) -- AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, today released its 2024 AppFolio Property Manager Renter Preferences Report. For property managers looking to gain an edge in a competitive rental market, this report of more than 2,000 U.S. renters uncovers key insights into their shifting motivations and behaviors, emphasizing the critical role of technology in the resident experience. Nearly one million ...

SANTA BARBARA, Calif., Aug. 12, 2024 (GLOBE NEWSWIRE) -- AppFolio (NASDAQ: APPF), the technology leader powering the future of the real estate industry, announced that Marcy Campbell has joined the company as Chief Revenue Officer, effective today. In this newly created role, Ms. Campbell will lead the Sales and Client Services organizations, connecting the entire customer journey by accelerating customer acquisition, delivering exceptional customer value, and maximizing adoption of AppFolio’s products and ...

Core Viewpoint - Wall Street market participants are optimistic about potential interest rate cuts by the Fed, which could benefit growth sectors like technology, particularly the Internet software industry [1][3]. Interest Rate Outlook - The CME FedWatch tool indicates a 100% probability of a 25 basis points rate cut in September, up from 68% in early July [1]. - There is also a 48.5% probability of a 50 basis points rate cut in September, with the current benchmark lending rate at 5.25-5.5% [1]. Technology Sector Performance - The technology sector has driven a significant rally in U.S. stock markets from early 2023 to July 2024, largely due to advancements in artificial intelligence (AI) [2]. - Major technology stocks have seen gains of 100-400% over the past 18 months [2]. Internet Software Industry Growth - The Internet Software and Services sector is experiencing growth due to increased IT spending and the adoption of hybrid operating environments [3]. - The demand for Software as a Service (SaaS) is a key driver, offering flexible and cost-effective application delivery [3][4]. SaaS and Cybersecurity Demand - SaaS enables applications to be accessible anytime, anywhere, and on any device, meeting customer expectations for seamless communication [4]. - The rise in cyber-attacks is increasing demand for web-based cybersecurity software, as businesses transition to cloud environments [4]. Company Highlights - **Twilio Inc. (TWLO)**: Expected revenue growth of 5.3% and earnings growth of 37.1% for the current year, with positive earnings estimate revisions [6][7]. The average price target represents a 16.9% increase from the last closing price of $60.41 [7]. - **Dayforce Inc. (DAY)**: Expected revenue growth of 15.2% and earnings growth of 21.9% for the current year, with a 30.3% increase in the average price target from the last closing price of $53.06 [10]. - **AppFolio Inc. (APPF)**: Expected revenue growth of 25.4% and earnings growth of over 100% for the current year, with a 32% increase in the average price target from the last closing price of $213.92 [13].

Безгодов/iStock via Getty Images Increased market volatility is a great chance for patient, long-term investors to shine. Instead of backing away from investing in growth at this time, we have a great opportunity to buy shares of high-quality tech stars at a discounted price, especially when recent market trends have become disconnected from underlying fundamental performance. Such is the case for AppFolio (NASDAQ:APPF), a real estate management software platform that delivered a strong beat-and-raise q ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Class A common stock, $0.0001 par value APPF NASDAQ Global Market Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐Smaller reporting company☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024. ...

Core Viewpoint - AppFolio reported strong financial performance in Q2 2024, with significant year-over-year growth in revenue and operating income, driven by increased adoption of AI technologies and customer growth in the real estate management sector [2][5]. Financial Performance - Revenue for Q2 2024 was $197.4 million, growing 34% year over year from $147.1 million in Q2 2023 [3]. - GAAP operating income reached $36 million, reversing an operating loss of $0.7 million from the previous year [2][3]. - Non-GAAP operating income was $51.4 million, a substantial increase of 447.1% from $9.4 million in Q2 2023 [3]. - Free cash flow for the quarter was $50.9 million, compared to a negative $9.2 million in Q2 2023 [3]. Business Overview - AppFolio provides cloud-based business management solutions tailored for the real estate industry, focusing on leasing, maintenance, and accounting [3]. - The company differentiates itself through innovation, particularly with AI-powered automation services [3][4]. Key Success Factors - Continuous platform updates with advanced features and high customer satisfaction are critical for maintaining retention rates [4]. - The company is successfully penetrating larger market segments with complex portfolios, enhancing its product offerings to meet these needs [4][5]. Notable Developments - Increased adoption of AI technologies within AppFolio's platform has enhanced functionality and competitive differentiation [5]. - The number of units under management grew by 9% year over year to 8.4 million units, indicating strong customer satisfaction and retention [5]. - Value-added services contributed $151.6 million to total revenue, reflecting their integration into customer workflows [5]. Future Outlook - Management raised revenue guidance for the full year to a range of $772 million to $778 million, up from a previous estimate of $766 million to $774 million [7]. - Expected non-GAAP operating margin is projected to be between 23.5% and 24.5%, with non-GAAP free cash flow margin anticipated at 22%-24% [7]. - Key areas to monitor include further AI adoption, efforts to attract larger customers, and competitive landscape changes [7].

AppFolio (APPF) reported $197.38 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 34.2%. EPS of $1.12 for the same period compares to $0.23 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $188.32 million, representing a surprise of +4.81%. The company delivered an EPS surprise of +21.74%, with the consensus EPS estimate being $0.92.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Financial Data and Key Metrics Changes - Revenue increased by 34% year-over-year to $197 million in Q2 2024 [5][17] - Non-GAAP operating margin improved to 26% from 6.4% in the previous year [17][20] - Free cash flow margin rose to 25%, compared to 4.2% last year [17][20] Business Line Data and Key Metrics Changes - Core solutions revenue was $44 million, a 14% year-over-year increase driven by new customers and additional units on the platform [17] - Revenue from value-added services grew 43% year-over-year to $152 million, primarily due to increased online payments and risk mitigation product usage [18] Market Data and Key Metrics Changes - Managed approximately 8.4 million units from 20,167 customers, up from 7.7 million units from 19,145 customers a year earlier, representing a 5% increase in customers and a 9% increase in units [17][18] Company Strategy and Development Direction - The company is focused on operational efficiency and innovation, highlighted by the introduction of Realm-X, an embedded generative AI platform [6][8] - AppFolio aims to unlock upmarket customers by providing a comprehensive platform for managing multiple portfolio types [10][12] - The company is expanding its product offerings, including the AppFolio Property Manager Max plan for large operators [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and the potential for continued growth, particularly through AI innovations and expansion into various property types [16][22] - The company raised its full-year revenue guidance to $772 million to $778 million, reflecting expectations for continued customer upgrades and growing usage of value-added services [20][21] Other Important Information - The company exited the quarter with 1,524 employees, indicating ongoing investment in innovation [18] - Cost of revenue as a percentage of revenue decreased to 35% from 39% last year, attributed to operational improvements [19] Q&A Session Summary - No specific questions or answers were recorded in the provided content [23]