Why MongoDB Plunged Over 35% in May

The high-growth database play gave disappointing guidance, which is a killer for an expensive stock. Shares of database software up-and-comer MongoDB (MDB -1.05%) cratered 35.4% in May, according to data from S&P Global Market Intelligence. In explaining the slowdown, management pretty much blamed both a cautious macroeconomic environment, as well as perhaps acquiring customers in the prior year that had large volumes but not as much consumption growth potential. CEO Dev Ittycheria also intimated that enter ...