MongoDB rises as software firm expects Q3 results above forecasts, appoints new CEO
ReutersNov 3, 2025 3:05 PM
Shares of database software firm MongoDB MDB.O rise 4.8% to $377.67
MDB names Chirantan Desai, Cloudflare's product and engineering head, as the new chief executive officer
Desai will succeed Dev Ittycheria, who is stepping down after more than 11 years at the helm
Co says it expects to exceed the high end of its Q3 FY26 outlook ranges
As of last close, stock up ~55% this year
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