Why MongoDB Stock Tumbled 19.9% in March
MongoDB(MDB) The Motley Fool·2024-04-04 10:20A lackluster outlook spooked investors.Shares of database software provider MongoDB (MDB -2.30%) are still up big since bottoming out in late 2022, but the stock got a reality check in March. While MongoDB's fourth-quarter results beat expectations across the board, the company's guidance left a lot to be desired.A major slowdown is comingMongoDB grew revenue by 27% year over year in the fourth quarter of fiscal 2024. Atlas, the company's managed database product, saw revenue expand by 34%. For the full yea ...