MongoDB plummets 20% as weak outlook overshadows strong quarterly results

MongoDB shares cratered more than 20% after the database software maker shared weak guidance that signaled a slowdown in growth.For the fiscal 2026 year, the company said it expects adjusted earnings to range between $2.44 to$2.62 per share and revenue of $2.24 billion to$2.28. Analysts were expecting EPS of $3.34 and$2.32 billion in revenue.The weak guidance stems from slower growth in the company's Atlas cloud-based database service. The revenue projection would imply 12.7% growth, the slowest for the ...