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Why nCino (NCNO) Stock Is Trading Up Today [Yahoo! Finance]
Last monster beverage corporation earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations: investors.monsterbevcorp.com/events.cfm
revenue in line with analysts' expectations, but its operating income, EPS, and free cash flow significantly beat, painting a picture of stronger profitability. The company's full-year 2024 guidance confirmed this, as its forecasted EPS blew past Wall Street's projections. During the quarter, nCino's President and Chief Revenue Officer, Josh Glover, announced he would be stepping down to join another company. Furthermore, on March 18, 2024, nCino announced it would acquire DocFox, a solution provider automating onboarding experiences for commercial and business banking clients. The terms of the deal were not disclosed. DocFox was founded in 2016 and has over 450 global customers. Overall, it was a strong quarter for the company. Following the results, Morgan Stanley upgraded the stock's rating from Underweight (Sell) to Equal Weight (Neutral) and raised the price target from $24 to $27. Is now the time to buy nCino? Access our full analysis report here, it's free What is the marke
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