MongoDB Stock Tumbles After Q4 Performance - Here's Why
Portfolio Pulse from Erica Kollmann
MongoDB, Inc. (NASDAQ:MDB) reported Q4 earnings of 86 cents per share, surpassing the 47 cents estimate, and a 26.76% year-over-year sales increase to $458 million. The company also saw a significant increase in free cash flow to $50.5 million. Despite these positive results, MongoDB's outlook for Q1 and the full fiscal year 2025 falls below analyst expectations, leading to an 11.7% drop in after-hours trading.
March 07, 2024 | 9:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
MongoDB reported higher-than-expected Q4 earnings and sales, but provided a weaker outlook for Q1 and FY2025, causing an 11.7% drop in after-hours trading.
MongoDB's stock price drop is directly related to its weaker-than-expected financial outlook for the upcoming quarter and fiscal year, overshadowing its strong Q4 performance. This negative outlook likely concerns investors about future growth, leading to the after-hours trading decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100