nCino NCNO rising after great earnings. Cheap options
Posted: Mar 31, 2024
- nCino (NCNO) is a company that sells a cloud-based banking platform used by over 1,750 banks and credit unions - nCino reported better than expected earnings with an EPS of .21 cents per share, up from .03 per share 5 quarters ago - Stock price increased about 20% after earnings and is expected to rise further - Future EPS guidance is .55 cents per share - Stock traded around $30 before earnings and is now at $37, with potential to reach $50 by May - Options for this stock are relatively cheap and could result in quick profits - Company is profitable, growing rapidly, and a candidate for acquisition by other cloud companies or big banking players.
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