Why MongoDB Stock Tumbled 19.9% in March
Shares of database software provider (NASDAQ: MDB) 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.
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 year, total revenue grew by 31%.
Fiscal 2025, which kicked off on Feb. 1, is going to look very different. MongoDB's outlook calls for revenue between $1.90 billion and $1.93 billion, up just 14% from fiscal 2024. The consensus analyst estimate called for full-year revenue of $2.03 billion.
Source Fool.com
MongoDB Inc. Aktie
292,55 €
3,31 %
Starkes Buy-Sentiment bei MongoDB Inc. mit 129 Buy- gegenüber 2 Sell-Einschätzungen.
Ein positives Kurspotenzial für MongoDB Inc. ist gegeben, mit einem Kursziel von 339 € über dem aktuellen Kurs von 292.55 €.
