The banking crisis is claiming another software stock


The crisis that has roiled regional banks spread to another software company on Wednesday.

Shares of cloud-software company nCino Inc. NCNO, which focuses on the financial sector, plunged more than 10% in after-hours trading Wednesday, after executives reduced their annual revenue forecast and guided for quarterly sales lower than Wall Street expected. The move follows a big downturn for Tenable Holdings Inc. TENB earlier this earnings season, which was blamed on banks holding off on spending as they ensure they won’t become…

Las Vegas News Magazine

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