NCNO / nCino: A Takeover Might Be At A Not-So-Generous Valuation

But is this resurgence the dawn of a brighter chapter for the banking software company or a fleeting moment of optimism? more_horizontal

nCino, Inc. (NASDAQ:NCNO ) Q2 2024 Earnings Conference Call August 29, 2023 4:30 PM ET Company Participants Harrison Masters - Director, IR Pierre Nau more_horizontal

NCino (NCNO) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to loss of $0 more_horizontal

The year 2023 has been a massive time for the market's top tech stocks. The Nasdaq posted record gains for the first half of the year as investors cam more_horizontal

Cloud provider nCino, which offers a Bank Operating System to manage key functions within banks, is reportedly up for sale or seeking a transaction, c more_horizontal

Growth to decline from historical 30%-50% to 16%-17% in FY 2024 as NCNO faces slowdown across larger enterprise deals. Fundamentals are not exceptiona more_horizontal

Even some skyrocketing performers — up double digits — were not enough to boost the FinTech IPO Index. The pantheon lost 2.7%, despite rumors of d more_horizontal

Two banking software companies saw their stock rise Friday (June 16) after a report that one is considering a takeover offer. nCino's stock leaped 25% more_horizontal