MongoDB slides after downbeat annual revenue, profit forecasts

Mongodb

05/03/2025 21:34

** Shares of software company MongoDB MDB.O down 15.8% to $222.50 in extended trade

** MDB forecasts FY26 revenue and adjusted EPS below Wall Street expectations

** Dour forecast overshadows Q4 results beat

** Company says forecast assumes non-Atlas revenue will decline in high-single digits

** Atlas service helps clients manage their databases on the cloud

** As of last close, MDB stock up 13.5% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))