Shares of MongoDB, Inc. (MDB) tumbled sharply on Tuesday morning after the company reported strong revenue growth but issued guidance that failed to impress investors.
The stock is currently trading at $258.50, down $66.51 or 20.46%, after closing the previous session at $325.01. It opened at $234.47 and has traded between $140.78 and $444.72 over the past 52 weeks.
MongoDB reported fourth-quarter net income of $15.53 million, or $0.18 per share, compared with $15.83 million, or $0.19 per share, a year earlier. Adjusted earnings were $1.65 per share. Revenue rose 26.7% to $695.07 million, up from $548.40 million last year.
Looking ahead, the company expects next-quarter adjusted earnings per share of $1.15 to $1.19 on revenue of $659 million to $664 million.
For fiscal 2027, MongoDB forecasts an adjusted earnings per share of $5.75 to $5.93 on revenue between $2.86 billion and $2.90 billion.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.