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-0.00112840466926078 -0.00101167315175094 0.00490272373540853 0.00634241245136185 0.00791828793774329 0.013035019455253 0.0200389105058365 0.0168482490272373
Stock impact report

MongoDB shares plummet 27% on weak growth in cloud business, muted forecast [Yahoo! Finance]

MongoDB, Inc. - Class A (MDB) 
Last mongodb, inc. - class a earnings: 3/17 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.mongodb.com/investor-relations
Company Research Source: Yahoo! Finance
and disappointed investors with slower ?quarterly revenue growth for its cloud database product Atlas. Revenue in the Atlas business, ?seen as a beneficiary of growing AI adoption, rose 29% in the fourth quarter ended January 31, down from 30% in the previous quarter, with UBS analysts highlighting that MongoDB did not ?offer a concrete explanation ?for the relatively softer performance. "Q4 was more mixed with a slightly lower Atlas beat level and ?below consensus FY27 guidance. Some of this could well be conservatism but in this tape, investors don't have a lot of patience," ?said Barclays ?analysts. More than 19 of 42 ?analysts covering the stock ?lowered their price targets after the results, LSEG data showed. Analysts also highlighted uncertainty around the long-term growth trajectory of Atlas. The results were another sign of a shakeup in the software sector, whose stocks have been hammered in recent months by worries ?that AI integrations rolled out by ?startups such as Show less Read more
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