MongoDB plummets 20% as weak outlook overshadows strong quarterly results
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MongoDB's stock dropped over 20% due to weak future guidance, despite strong quarterly results. The company's revenue growth projection of 12.7% is the slowest since its 2017 IPO.
March 06, 2025 | 3:00 pm
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MongoDB's stock fell over 20% after the company issued weak guidance, indicating a slowdown in growth. The projected revenue growth of 12.7% is the slowest since its IPO in 2017.
The significant drop in MongoDB's stock price is directly linked to the company's weak future guidance, which suggests a slowdown in growth. This is a critical factor for investors as it indicates potential challenges ahead, despite the company's strong quarterly results.
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