Why MongoDB Stock Soared Today
MongoDB(MDB) The Motley Fool·2024-08-30 23:28
The database software company hopped over a low bar in its earnings report. Shares of MongoDB (MDB 14.74%) were soaring today after the cloud software company delivered a betterthan-expected second-quarter earnings report, beating estimates on the top and bottom lines and raising guidance for the year. As of 10:11 a.m. ET, the stock was up 14% on the news. MongoDB bounces back After plunging after its first-quarter earnings report in the spring, the NoSQL database software specialist redeemed itself with it ...