MongoDB Inc is a leading provider of modern database solutions that enable organizations to harness the power of data more effectively. The company is renowned for its open-source, document-based database platform, which allows developers to build, scale, and manage applications with unmatched flexibility and efficiency. By offering cloud-based database services alongside on-premise solutions, MongoDB empowers businesses to seamlessly process large volumes of data, optimize performance, and accelerate application development. The company caters to a wide range of industries, helping clients unlock the full potential of their data in today’s fast-paced digital environment. Read More
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Shares of database software company MongoDB (MDB)
fell 24.6% in the afternoon session after the company reported weak fourth quarter (fiscal 2025) results: its full-year revenue and EPS guidance fell short of Wall Street's estimates. The company's guidance suggests a slowdown in non-Atlas revenue.
Despite a strong Q4, what tanked the stock in after-hours trade was MongoDB’s guidance for fiscal year 2025. The company also announced a $200 million share buyback plan.
