nCino Inc. (NCNO) PT Raised to $34 at Needham & Company

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Go back to nCino Inc. (NCNO) PT Raised to $34 at Needham & Company

nCino (NCNO) raises full-year forecast after Q2 beat; Brokers lift numbers

August 30, 2023 8:06 AM EDT

nCino (NASDAQ: NCNO) raised its full-year forecast, although its shares still fell about 1% in early Wednesday trade.

The software company now expects adjusted EPS to be in the range of 38 cents to 41 cents, compared to the previous range of 37 cents to 40 cents.

Additionally, nCino anticipates revenue for the full year to be between $475.0 million and $478.5M, slightly higher than the previous range of $474.0-478.5M. Analysts were looking for FY EPS of 38 cents on revenue of $476.6M.

For the third quarter, nCino... More