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Why AppFolio Stock Soared Today
APPFAppFolio(APPF) The Motley Fool·2024-04-26 20:24

The real estate management software company is doing far better than most investors expected it to do.Headed into Thursday's post-close release of its first-quarter results, investors appeared afraid to own AppFolio (APPF 12.05%). As it turns out, however, that fear wasn't merited. The company handily topped its revenue and earnings estimates, sending the stock more than 11% higher on Friday. Indeed, at one point, shares were up to the tune of 19%. Even with the intraday pullback, AppFolio logged an impress ...