MongoDB shares are trading lower after the company issued weak Q1 and FY25 guidance.
Portfolio Pulse from Benzinga Newsdesk
MongoDB shares are trading lower following the company's announcement of weak guidance for both Q1 and the full fiscal year 2025, indicating potential challenges ahead.
March 07, 2024 | 9:11 pm
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MongoDB's announcement of weak guidance for Q1 and FY25 has led to a decrease in its stock price, reflecting investor concerns over future growth and profitability.
The announcement of weak guidance for both the upcoming quarter and the full fiscal year 2025 by MongoDB directly impacts investor sentiment and the company's stock price. Such guidance often signals potential challenges in revenue growth or profitability, leading investors to adjust their expectations and, in many cases, reduce their holdings in anticipation of lower future performance. This negative outlook is reflected in the immediate decrease in MongoDB's stock price following the announcement.
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