Why MongoDB Stock Tumbled 19.9% in March
MDBMongoDB(MDB) The Motley Fool·2024-04-04 18:20

A lackluster outlook spooked investors. Shares of database software provider MongoDB (MDB -2.30%) are still up big since bottoming out in late 2022, but the stock got a reality check in March. While MongoDB's fourth-quarter results beat expectations across the board, the company's guidance left a lot to be desired. A major slowdown is coming MongoDB grew revenue by 27% year over year in the fourth quarter of fiscal 2024. Atlas, the company's managed database product, saw revenue expand by 34%. For the full ...