Month: March 2025
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MongoDB (MDB, Financial) recently reported Q4 earnings that exceeded expectations for both EPS and revenue. Despite this, the stock has plummeted to its lowest point since early 2023. The company benefited from multiyear non-Atlas deals, but does not anticipate this trend to continue, while Atlas growth is also slowing.
Adding to the concerns, MongoDB announced plans for aggressive investment in R&D, highlighted by its $220 million acquisition of Voyage AI on February 24. The company also intends to increase marketing expenses to boost platform awareness. This strategy, coupled with slowing growth, contributed to disappointing FY26 guidance, missing EPS and revenue forecasts.
- Atlas, MongoDB’s cloud database service, is crucial for growth. However, its revenue growth slowed to 24% in Q4, down from 26% in Q3 and 27% in Q2. The company expects Atlas revenue to remain flat or slightly increase in 1Q26, with a year-over-year growth of about 23%.
- The non-Atlas segment, primarily the Enterprise Advanced (EA) product, is expected to face a $50 million headwind in FY26 due to a decline in multiyear license revenue. This is attributed to fewer large non-Atlas accounts available for multiyear deals.
- AI is not expected to be a significant growth driver for MDB in FY26. The company anticipates only modest AI-related growth as enterprise customers are still building in-house AI capabilities. However, MDB sees a substantial future opportunity in the growing data fueling AI advancements.
The key takeaway is that MongoDB’s Q4 results mirror the previous quarter’s challenges, but with heightened concerns. Atlas growth is slowing, and the company’s outlook for “stable Atlas consumption growth” in FY26 is unappealing. During this period of decelerating growth, increased spending plans add further pressure.
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Breakfast | Trump’s delay in imposing tariffs on Mexico failed to save the market! Micron …
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Market Overview
Investors are concerned about U.S. economic growth and AI investment prospects. Trump’s tariff concessions failed to quell pessimism, with the Nasdaq falling over 4% this week, officially entering a 10% correction zone.
Affected by the impact of DeepSeek and Alibaba’s latest AI achievements, the U.S. AI boom is cooling down. Investors are closely monitoring tech company earnings reports to assess the sustainability of AI trades. Micron Technology’s revenue guidance fell short of the highest expectations, with its stock price plunging over 20% during intraday trading, dampening market sentiment.
Software stock MongoDB fell about 27%, Applovin dropped 18.36%, BigBear.AI decreased by 12.5%, with Q4 revenue below expectations and losses exceeding expectations. It is expected that adjusted EBITDA will be in the negative single digits this year, with U.S. stocks at one point dropping over 16% after hours.
The seven major tech giants all fell, with NVIDIA down 5.74%, Tesla down 5.61%, Meta down 4.35%, Amazon down 3.68%, Microsoft down 1.03%, Google A down 0.39%, and Apple down 0.17%.
However, Broadcom’s optimistic earnings guidance after hours eased some AI investors’ concerns, with Q2 revenue exceeding expectations. Its stock price surged over 17% at one point, leading NVIDIA to turn positive after hours.
China National People’s Congress Press Conference: Responding to the U.S. with “an eye for an eye,” plans to cut reserve requirement ratio and interest rates at an opportune time this year
Key points from the Q&A include: The People’s Bank of China will cut interest rates and reserve requirement ratios at an opportune time this year; plans to establish a venture guidance fund to support large tech companies in issuing bonds; the Ministry of Finance has “ample” policy tools and room to respond to uncertainties; a special action to promote consumption will be introduced; and if the U.S. further increases tariffs, there will be corresponding responses.
Trump Concedes, Delays Tariffs on Mexican Goods Under USMCA Until April 2
According to CCTV News, on Thursday, March 6, local time, U.S. President Trump signed an amendment to tariffs on Mexico and Canada, exempting products that comply with the “United States-Mexico-Canada Agreement” (commonly referred to as USMCA) from tariffs until April 2.
Before Trump’s announcement of the exemption for Mexican products, U.S. Secretary of Commerce Wilbur Ross stated that all goods and services that comply with the USMCA could be exempt from tariffs.
Trudeau later stated that Canada would not remove retaliatory tariffs unless the U.S. first cancels all increased tariffs.
Trump: Delay of Tariffs on Mexico Unrelated to Stock Market, “Didn’t Even Look at the Market”
Trump stated during a press conference at the White House that the decision to delay tariffs on trade with Canada and Mexico under the USMCA is unrelated to the performance of the U.S. stock market. Trump said he “didn’t even look at the market” because the U.S. will be strong in the long run.
When asked about his views on the U.S. stock sell-off, Trump stated that the culprits behind the decline are “globalists.” “Those globalists foresee how wealthy our country will become, and they don’t want to see that happen.”
Broadcom’s Earnings Exceed Expectations, Surging 17% After Hours
The earnings report showed that Broadcom’s revenue for the first fiscal quarter was $14.92 billion, a 25% year-on-year increase, exceeding analysts’ expectations of $14.61 billion; adjusted EPS was $1.60, higher than the analysts’ expectation of $1.50
At the same time, Broadcom expects second-quarter revenue to be approximately $14.9 billion, a year-on-year increase of 19%, exceeding analysts’ expectations of $14.59 billion; it is anticipated that second-quarter AI semiconductor revenue will reach $4.4 billion, sending a strong signal to investors that AI computing spending remains robust, which stimulated the company’s stock price to rise by as much as 17% in after-hours trading.
Analysts believe that Broadcom’s latest financial report indicates that the historic spending boom in the AI sector continues. As the complexity of AI computing tasks and personalized demands increase, large technology companies will further turn to custom chips instead of relying on standard chips, a trend that is expected to allow Broadcom to continue benefiting.
“AI Chip Popularity” Marvell Technology Stock Price Plummets 20%
Marvell expects first-quarter sales to be approximately $1.88 billion, which, while in line with average expectations, falls short of the highest expectation of $2 billion. Analysts believe that this financial report does little to ease market tensions regarding AI stocks.
During the conference call, the company stated that ASICs account for 25% of data center business revenue, and AI revenue for fiscal year 2026 will significantly exceed the $2.5 billion target. The company is steadily progressing towards its goal of capturing a 20% market share in the global data center business, while the total market size is also developing towards $75 billion, currently growing faster than expected. Additionally, the company’s optical business is strong, with a significant increase in orders in the second half of last year and robust demand this year.
JD.com Q4 Net Profit Increases 190.8% Year-on-Year, Plans to Repurchase Up to $5 Billion in Stock Over the Next 36 Months
JD.com’s Q4 revenue grew 13.4% year-on-year, marking the fastest growth rate in nearly three years; operating profit increased by 319.3% year-on-year. The continuous improvement in profitability is mainly attributed to the company’s optimization in cost control and operational efficiency. JD.com’s stock price rose by 10% in pre-market trading but later retraced most of its gains.
JD.com stated during the conference call that policy support has boosted consumption, and the company expects profit margins to steadily improve, targeting high single digits. Instant retail is an extension of the core retail business, and delivery services, as a high-frequency business, can enhance user stickiness. JD.com will continue to optimize its delivery network to improve overall retail efficiency.
Alibaba Open Sources QwQ-32B, Comparable to DeepSeek R1 Performance with 1/21 Parameters, Cost Only 1/10
The QwQ-32B large language model has only 32 billion parameters, which can not only compete with the DeepSeek-R1 with 671 billion parameters (of which 37 billion are activated) but also surpass it in certain tests. The breakthrough of QwQ-32B will further promote the paradigm shift of AI large models from “great power produces miracles” to “delicacy produces wisdom,” breaking some people’s overly pessimistic views after GPT-4.5 hit a wall.
European Central Bank Cuts Interest Rates as Expected, Lowers Rates by 25 Basis Points, Suggests Easing Cycle May Be Nearing Its End
On Thursday, the European Central Bank lowered the deposit facility rate from 2.75% to 2.5%, marking the sixth rate cut since June of last year, but also hinted that the rate-cutting cycle may be nearing its end as inflation cools and the economy digests the severe changes in geopolitics. Traders have reduced their expectations for further rate cuts by the European Central Bank, anticipating a further cut of 41 basis points by the end of the year
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U.S. equities faced midday declines as uncertainty surrounding President Donald Trump’s newly announced tariffs sent ripples through the markets. The Dow Jones Industrial Average, S&P 500, and Nasdaq all traded in the red as investors struggled to assess the potential economic impact of the evolving trade policies.
AI Chip Stocks Take a Hit Following Marvell Technology’s Outlook
Artificial intelligence (AI) chip stocks tumbled after Marvell Technology (NASDAQ: MRVL) failed to meet market expectations with its latest financial outlook. The disappointing forecast fueled concerns about the AI semiconductor sector, leading to declines in major players such as Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO). With AI-related stocks having been a major growth driver in tech, the sector’s stumble added to the broader market uncertainty.
MongoDB Sinks on Soft Guidance
Shares of database software provider MongoDB (NASDAQ: MDB) plummeted after the company reported weaker-than-expected forward guidance. The firm warned that demand was softening across all but its top product, shaking investor confidence and leading to a sharp sell-off. The concerns over enterprise software spending further weighed on the tech sector.
Tesla Faces Challenges Amid Price Target Cut and European Sales Slump
Tesla (NASDAQ: TSLA) saw its stock slide as Baird reduced its price target on the EV maker. The downgrade came amid weaker European sales figures and mounting political tensions surrounding CEO Elon Musk, whose advocacy for federal spending cuts has drawn both praise and criticism. With demand uncertainties lingering and competition in the EV space intensifying, Tesla’s stock remains under pressure.
Retail Winners: BJ’s Wholesale, Burlington, and Kroger Shine
Despite the broader market downturn, some retail stocks bucked the trend.
- BJ’s Wholesale Club Holdings (NYSE: BJ) surged to an all-time high after the warehouse retailer beat both profit and sales estimates. Higher membership fees contributed to the strong performance, and the company announced plans to expand into key markets such as Dallas-Fort Worth, further boosting investor confidence.
- Burlington Stores (NYSE: BURL) soared after the discount retailer exceeded earnings expectations and raised its guidance. With inflation-conscious consumers increasingly turning to off-price retail chains, Burlington’s outlook remains strong.
- Kroger (NYSE: KR) also saw gains as the grocery giant delivered better-than-anticipated earnings results, driven by increased e-commerce sales. The positive guidance reassured investors about the company’s ability to navigate the evolving retail landscape.
Commodities and Currency Markets Update
Oil futures declined, while gold prices remained largely unchanged. The yield on the 10-year Treasury note advanced, reflecting shifting investor sentiment. Meanwhile, the U.S. dollar continued its slide against major currencies, including the euro, pound, and yen. Cryptocurrency markets also struggled, with most major digital assets trading lower.
As investors grapple with trade policy uncertainty and shifting sector dynamics, market volatility remains front and center. Stay tuned for further updates as key developments unfold.
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MongoDB, Inc. (NASDAQ:MDB – Get Free Report) Director Dwight A. Merriman sold 3,000 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $270.63, for a total value of $811,890.00. Following the completion of the transaction, the director now directly owns 1,109,006 shares in the company, valued at $300,130,293.78. This represents a 0.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
MongoDB Price Performance
MDB stock traded up $9.75 on Wednesday, reaching $264.13. 3,624,195 shares of the company were exchanged, compared to its average volume of 1,607,075. The firm has a market capitalization of $19.67 billion, a PE ratio of -96.40 and a beta of 1.30. MongoDB, Inc. has a 12 month low of $212.74 and a 12 month high of $428.91. The stock’s fifty day moving average price is $263.28 and its 200 day moving average price is $275.36.
MongoDB (NASDAQ:MDB – Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.48. MongoDB had a negative net margin of 10.46% and a negative return on equity of 12.22%. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue was up 22.3% compared to the same quarter last year. As a group, research analysts expect that MongoDB, Inc. will post -1.78 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on MDB shares. Barclays decreased their target price on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Macquarie started coverage on MongoDB in a report on Thursday, December 12th. They set a “neutral” rating and a $300.00 price objective on the stock. China Renaissance assumed coverage on shares of MongoDB in a research note on Tuesday, January 21st. They set a “buy” rating and a $351.00 price objective for the company. Mizuho lifted their price objective on shares of MongoDB from $275.00 to $320.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Guggenheim upgraded MongoDB from a “neutral” rating to a “buy” rating and set a $300.00 target price for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, MongoDB has a consensus rating of “Moderate Buy” and a consensus target price of $361.83.
Check Out Our Latest Report on MongoDB
Institutional Trading of MongoDB
Several institutional investors have recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in MongoDB during the fourth quarter worth about $29,000. Hilltop National Bank grew its holdings in shares of MongoDB by 47.2% in the 4th quarter. Hilltop National Bank now owns 131 shares of the company’s stock worth $30,000 after purchasing an additional 42 shares during the last quarter. Brooklyn Investment Group bought a new stake in MongoDB during the third quarter worth about $36,000. Continuum Advisory LLC raised its stake in shares of MongoDB by 621.1% in the third quarter. Continuum Advisory LLC now owns 137 shares of the company’s stock valued at $40,000 after acquiring an additional 118 shares during the last quarter. Finally, NCP Inc. acquired a new position in shares of MongoDB in the 4th quarter worth approximately $35,000. 89.29% of the stock is currently owned by institutional investors and hedge funds.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
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Tech stocks faced significant headwinds in premarket trading, with major names in the semiconductor and software sectors experiencing notable declines. Market jitters, earnings reactions, and cautious outlooks contributed to the broader weakness, setting the stage for a challenging trading session.
Marvell Plunges Despite Strong Earnings
Marvell Technology (NASDAQ: MRVL), a leading semiconductor company, saw its stock drop by double digits in early trading, despite reporting a beat-and-raise quarter. While the company exceeded Wall Street’s expectations, investor sentiment turned bearish, possibly due to concerns over valuation, future growth prospects, or broader market weakness in the chip sector.
MongoDB Tumbles 18% on Weak Outlook
MongoDB (NASDAQ: MDB), a leading database software provider, suffered an 18% premarket decline after issuing guidance that fell short of investor expectations. The company has been a high-growth favorite, but its softer-than-expected outlook raises concerns about slowing enterprise spending and potential headwinds in cloud adoption.
Broadcom and Nvidia Under Pressure
Chip giant Broadcom (NASDAQ: AVGO) was also caught in the tech stock sell-off, declining 4% ahead of its highly anticipated earnings report scheduled for release after market close. Investors appeared cautious, possibly bracing for any signs of a slowdown in demand or margin pressure in the semiconductor industry.
Nvidia (NASDAQ: NVDA), the AI chip powerhouse, also slipped 2% in premarket trading, dipping just over the $115 mark. Despite its dominant position in AI and data center chips, Nvidia’s stock remains highly volatile as market participants navigate broader tech-sector corrections and macroeconomic uncertainties.
Palantir Joins the Decline
Palantir Technologies (NYSE: PLTR), known for its AI-driven analytics platforms, was also in the red during premarket trading. While the company has enjoyed significant investor interest due to its AI applications, today’s market downturn suggests a broader rotation out of high-growth tech names amid economic concerns.
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MongoDB (NASDAQ:MDB – Get Free Report) updated its first quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.630-0.670 for the period, compared to the consensus earnings per share estimate of 0.630. The company issued revenue guidance of $524.0 million-$529.0 million, compared to the consensus revenue estimate of $526.1 million. MongoDB also updated its FY 2026 guidance to 2.440-2.620 EPS.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on MDB shares. Barclays reduced their price objective on MongoDB from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Citigroup raised their target price on MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. KeyCorp boosted their price target on shares of MongoDB from $330.00 to $375.00 and gave the company an “overweight” rating in a research report on Thursday, December 5th. JMP Securities restated a “market outperform” rating and set a $380.00 price objective on shares of MongoDB in a research report on Wednesday, December 11th. Finally, Tigress Financial lifted their target price on shares of MongoDB from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $361.83.
Read Our Latest Analysis on MDB
MongoDB Stock Performance
Shares of MongoDB stock traded up $9.75 during trading hours on Wednesday, reaching $264.13. 3,417,475 shares of the company were exchanged, compared to its average volume of 1,606,312. The firm has a market cap of $19.67 billion, a PE ratio of -96.40 and a beta of 1.30. MongoDB has a 1 year low of $212.74 and a 1 year high of $428.91. The stock’s fifty day moving average is $263.28 and its 200 day moving average is $275.36.
MongoDB (NASDAQ:MDB – Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.48. The company had revenue of $529.40 million for the quarter, compared to the consensus estimate of $497.39 million. MongoDB had a negative return on equity of 12.22% and a negative net margin of 10.46%. MongoDB’s revenue was up 22.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. Research analysts expect that MongoDB will post -1.78 earnings per share for the current year.
Insider Activity at MongoDB
In other news, CAO Thomas Bull sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $355.92, for a total transaction of $355,920.00. Following the sale, the chief accounting officer now owns 15,068 shares of the company’s stock, valued at approximately $5,363,002.56. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dev Ittycheria sold 2,581 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $234.09, for a total value of $604,186.29. Following the sale, the chief executive officer now owns 217,294 shares of the company’s stock, valued at approximately $50,866,352.46. The trade was a 1.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,314 shares of company stock valued at $12,525,863 over the last 90 days. 3.60% of the stock is owned by corporate insiders.
About MongoDB
MongoDB, Inc, together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MongoDB, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and MongoDB wasn’t on the list.
While MongoDB currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
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Shares of MongoDB Inc MDB tanked in early trading on Thursday, despite the company reporting upbeat fourth-quarter results.
The results came in amid a positive earnings season. Here are some key analyst takeaways.
Wedbush On MongoDB
Analyst Daniel Ives reiterated an Outperform, while cutting the price target from $360 to $300.
MongoDB’s total revenues grew 20% year-on-year to $548.4 million, beating Street expectations of $520.6 million, Ives said. Subscription revenue of $531.0 million also came in above consensus of $504.9 million, “as MDB looks to generate stable demand across industries for its next-gen solutions,” he added.
NRR (net recurring revenues) stood at 118%, decelerating from 120% in the previous quarter, “due to a smaller contribution from existing customers,” the analyst stated. “MongoDB provided relatively weak guidance across the board for FY26 as the company sees a more gradual impact from its AI solutions into FY26,” he further wrote.
RBC Capital Markets On MongoDB
Analyst Rishi Jaluria maintained an Outperform rating, while slashing the price target from $400 to $320.
MongoDB closed fiscal 2025 “on a solid note,” with non-GAAP earnings of $1.28 per share beating consensus of 66 cents per share, Jaluria said. Although total revenues came in higher than consensus, growth decelerated by 2 points to 20% year-on-year, he added.
The company achieved strong profitability, with operating margins beating consensus by around 900 basis points, the analyst stated. Management’s fiscal 2026 guidance was disappointing, being impacted by expectations of “a high single-digit decline in non-Atlas subscription revenue,” he further wrote.
Check out other analyst stock ratings.
Rosenblatt Securities On MongoDB
Analyst Blair Abernethy reaffirmed a Buy rating, while reducing the price target from $350 to $305.
MongoDB’s subscription revenues grew by 19% year-on-year to $531 million, beating consensus by 6%, Abernethy said. The beat was driven by “greater than expected non-Atlas multi-year contract signings of ~$10m,” he added.
While the company expects Atlas consumption growth to remain stable in fiscal 2026, its weaker revenue guidance for the year is impacted “largely by a $50m non-Atlas multi-year license headwind,” the analyst stated. “Mongo continues to see a significant longer-term AI opportunity for its highly scalable, flexible document model that handles all data types,” he further wrote.
Needham On MongoDB
Analyst Mike Cikos maintained a Buy rating, while slashing the price target from $415 to $270.
MongoDB guided to revenue growth of 16%-17% in the fiscal first quarter to a range of $524.0 million to $529.0 million and 12%-14% growth in fiscal 2026 to $2.240 billion to $2.280 billion, Cikos said. The full-year revenue guidance came well below Street expectations of $2.328 billion, he added.
The company expects non-Atlas subscription revenue to decline by a high-single-digit percentage, the analyst wrote. “All eyes are set squarely on Atlas (71% of Revenue) to drive revenue outperformance,” with consumption growth stabilizing and the company poised to benefit from “a stronger cohort of acquired workloads in FY25 versus FY24,” he further wrote.
Piper Sandler On MongoDB
Analyst Brent Bracelin maintained an Overweight rating, while cutting the price target from $425 to $280.
MongoDB total revenues grew 19.7% year-on-year to $548 million, “with Atlas upside contributing to a $31M beat to the midpoint guide,” Bracelin said. Atlas grew by a healthy 24% year-on-year during the fiscal fourth quarter, although this marked a deceleration from the 26% reported in the previous quarter, he added.
Management indicated that Atlas consumption trends are stabilizing, the analyst stated. Bracelin said, however, that the company’s growth outlook came in below 14% for second straight year.
MDB Price Action: Shares of MongoDB had declined by 21.61% to $207.06 at the time of publication on Thursday.
Read More: Goldman Sachs Cuts Earnings Growth Outlook, Sees Investors Move From ‘Excitement’ To ‘Boredom’
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- MongoDB shares plummeted 26.9% after the database software maker shared weak guidance that reflects slowing growth.
- The revenue projection would imply 12.7% growth, the slowest for the company going back to its 2017 stock market debut.
- MongoDB’s outlook offset stronger-than-expected fourth-quarter earnings.
MongoDB shares cratered more than 26.9% for their worst day ever after the database software maker shared weak guidance that signaled a slowdown in growth.
For fiscal 2026, the company said it expects adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28. Analysts were expecting EPS of $3.34 and $2.32 billion in revenue.
The weak guidance stems from slower growth in the company’s Atlas cloud-based database service. The revenue projection would imply 12.7% growth, the slowest for the company going back to its 2017 stock market debut.
Finance chief Srdjan Tanjga said during an earnings call that the company is seeing slower-than-expected growth in new applications harnessing its Atlas cloud-based database service. However, MongoDB is beefing up hiring and going after deals with larger companies.
For the fiscal first quarter, MongoDB forecast 63 cents to 67 cents in adjusted earnings per share on $524 million to $529 million in revenue. Analysts polled by LSEG had expected EPS of 62 cents and revenue of $526.8 million.
Citing MongoDB’s weak outlook and slowdown in growth, Wells Fargo analyst Andrew Nowinski downgraded shares to equal weight and lowered his price target.
“With a smaller pool of multi-year deals, we believe it will be difficult to significantly outperform expectations in FY26 and therefore expect shares to remain range-bound,” he wrote.
Read more of Nowinski’s analysis here.
MongoDB’s outlook offset stronger-than-expected fiscal fourth-quarter earnings. The company reported adjusted earnings of $1.28 per share, excluding items, on $548 million in revenue. Analysts polled by LSEG had anticipated EPS of 66 cents and $520 million in sales. Revenue rose 20% from a year ago.
MongoDB gained 1,900 customers in the quarter, reflecting a total of 54,500.
— CNBC’s Jordan Novet contributed reporting.
Also on CNBC
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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
- Jones Trading analyst Soumit Roy downgraded the rating for Chimerix, Inc. CMRX from Buy to Hold and announced a price target of $8.55. Chimerix shares closed at $8.46 on Wednesday. See how other analysts view this stock.
- JP Morgan analyst Ken Goldman downgraded The Campbell’s Company CPB from Overweight to Neutral and lowered the price target from $48 to $37. Campbell`s shares closed at $39.18 on Wednesday. See how other analysts view this stock.
- Wells Fargo analyst Andrew Nowinski downgraded the rating for MongoDB, Inc. MDB from Overweight to Equal-Weight and lowered the price target from $365 to $225. MongoDB shares closed at $264.13 on Wednesday. See how other analysts view this stock.
Considering buying MDB stock? Here’s what analysts think:
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