MongoDB slumps after downbeat annual revenue, profit forecasts
ReutersMar 6, 2025 3:02 PM
Shares of software company MongoDB MDB.O down 22.5% at $205.01 in early trade
After market on Wednesday, company forecast FY26 revenue and adjusted earnings per share below analysts' estimates
MDB expects annual adjusted EPS to be between $2.44 and $2.62, compared with the estimate of $3.35 - data compiled by LSEG
Company expects FY26 revenue between $2.24 billion and $2.28 billion, lower than analysts' expectation of $2.33 billion
*At least 18 brokerages, including Morgan Stanley, Oppenheimer, UBS and Wells Fargo, cut PTs on MDB's stock post earnings
Including sessions move, MDB down ~14% YTD
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