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.
March 08, 2024 | 11:55 am
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NEGATIVE IMPACT
MongoDB's stock price is expected to face downward pressure in the short term due to the company's announcement of weaker than expected guidance for Q1 and FY25.
The announcement of weak guidance for both the upcoming quarter and the full fiscal year directly impacts investor sentiment and future earnings expectations for MongoDB, likely leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100