NCRino Inc is a leading provider of cloud-based banking software solutions that cater to financial institutions
The company specializes in streamlining and enhancing the banking process by offering a suite of applications designed to improve customer experience, increase operational efficiency, and facilitate compliance with regulatory requirements. Their platform is aimed at transforming the way banks operate, enabling them to deliver seamless digital services to their customers while optimizing workflows, automating processes, and providing valuable insights through data analytics. By leveraging cutting-edge technology, Ncino empowers banks to be more agile and responsive in a rapidly evolving financial landscape.
Bank software company nCino (NASDAQ:NCNO) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 14.3% year on year to $141.4 million. On the other hand, next quarter’s revenue guidance of $139.8 million was less impressive, coming in 4% below analysts’ estimates. Its non-GAAP profit of $0.12 per share was 35.1% below analysts’ consensus estimates.
U.S. stock futures were swinging between gains and losses on Tuesday after a mixed session on Monday. Futures of major benchmark indices were mixed in premarket trading. President Donald Trump‘s “Liberation Day”, the term he’s used for April 2nd, the day of incoming reciprocal tariffs, preceded a drop in stock prices.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks.
But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
Over the last six months, nCino’s shares have sunk to $31.47, producing a disappointing 9.2% loss - a stark contrast to the S&P 500’s 6.1% gain. This might have investors contemplating their next move.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the vertical software industry, including Upstart (NASDAQ:UPST) and its peers.
Shares of bank software company nCino (NASDAQ:NCNO)
fell 21.4% in the pre-market session after the company reported underwhelming third-quarter financial results. Revenue narrowly outperformed Wall Street's estimates. On the other hand, its revenue guidance for the next quarter missed significantly, and its full-year revenue guidance was only in line with Wall Street's estimates. Overall, this was a softer quarter.
