NCNO Stock Quote History News and Vital Information
Sinking NCNO Stock Quote
As of 1:30 PM ET on Wednesday, NCNO stock was down 12.4%. The company's stock price has been steadily declining in recent months. Yahoo Finance is reporting that the stock has dropped 29% in the past month.
Recent Financial News
NCNO has recently made several announcements that may have contributed to the stock's decline. In March, the company announced that it would be cutting 225 jobs, or 7% of its workforce. The company also announced that it would be raising prices on its software products.
Analysts' Opinions
Analysts are mixed on NCNO's stock. Some believe that the company's recent announcements are a sign of weakness, while others believe that the company is making the right moves to position itself for long-term growth. Nasdaq reported on March 8, 2023 that nCino stock dropped 10% despite a beat and raise.
Financial Highlights
- Revenue: $1.87 billion (up 20% YoY)
- Net income: $187 million (down 10% YoY)
- EPS: $0.55 (down 12% YoY)
Recommendation
Investors should carefully consider all available information before making a decision about whether to buy, sell, or hold NCNO stock.
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