** Shares of nCino NCNO.O plummet 33.3% premarket to $18.75, a record low, after banking software firm's current year guidance and qtrly earnings miss consensus

** NCNO on course for record daily pct decline, if loss holds

** Wilmington, North Carolina-based firm late Tues projected FY26 adj EPS of 66-69 cents and rev of $574-$578.5 mln; Analysts expected 88 cents/sh and $612.6 mln, respectively, per LSEG

** Fiscal Q4 adj EPS of 12 cents fell 7 cents shy of expectations, while rev of $141.4 mln, up 14% y/y, slightly exceeded

** Scotiabank downgrades to 'sector perform' from 'sector outperform' and slashes PT by $16 to $35, saying co's organic growth deceleration raises concerns

** Piper Sandler, which maintained 'neutral' rating, sliced its PT by $10 to $28 based on lower growth and lower EV/FCF multiple of 23x (vs prior 26x) on "increasing execution risks given macro uncertainty"

** Through Tues close, NCNO lost 16% YTD vs Nasdaq's .IXIC ~10% drop

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))