NEW YORK, NY / ACCESSWIRE / June 28, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MongoDB, Inc. ("Mongo") (NASDAQ:MDB) concerning possible violations of federal securities laws. On March 7, 2024, Mongo reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025.
Shares of MongoDB NASDAQ: MDB fell hard in Q2 for one reason and one reason alone- the guidance. Unlike other AI winners, the company's guidance is for growth but tepid, anemic growth compared to the whisper expectations.
NEW YORK, NY / ACCESSWIRE / June 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MongoDB, Inc. ("Mongo") (NASDAQ:MDB) concerning possible violations of federal securities laws. On March 7, 2024, Mongo reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025.
NEW YORK, NY / ACCESSWIRE / June 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of MongoDB, Inc. ("Mongo") (NASDAQ:MDB) concerning possible violations of federal securities laws. On March 7, 2024, Mongo reported strong Q4 2024 results and then announced lower than expected full-year guidance for 2025.
If the 25% drop after their Q1 earnings didn't tell you enough, the further 6% that MongoDB Inc NASDAQ: MDB has slid should. At a time when many of the bigger tech companies out there are back trading near, if not at, all-time highs, this was not good.
Companies that are judged on sales growth can be vulnerable to brutal sell-offs. MongoDB, Snowflake, and Atlassian all have high stock-based compensation expenses.
MongoDB, Inc. (NASDAQ:MDB ) 44th Annual William Blair Growth Stock Conference June 5, 2024 5:40 PM ET Company Participants Michael Gordon - CFO & COO Serge Tanjga - SVP Finance Conference Call Participants Jason Ader - William Blair Jason Ader With that said, I'm Jason Ader with William Blair. Very pleased to have Michael Gordon, COO and CFO of MongoDB; and Serge Tanjga, SVP of Finance.
MongoDB's guidance disappointed. The company cited macroeconomic concerns and customers pulling back on growth.
MongoDB stock crashed last week after the database company provided a lackluster outlook. The company sees AI as an opportunity to win workloads being modernized, but it may not have any real advantage over the competition.
MongoDB, Inc. (NASDAQ:MDB ) Baird 2024 Global Consumer, Technology & Services Conference June 4, 2024 1:25 PM ET Company Participants Michael Gordon - Chief Financial Officer, Chief Operating Officer Serge Tanjga - Senior Vice President, Finance Conference Call Participants Will Power - Baird Will Power All right. We're going to go ahead and get started.
While the top- and bottom-line numbers for MongoDB (MDB) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MongoDB beat estimates in Q1 but its growth slowed meaningfully. Guidance for both the second quarter and full year was underwhelming.