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MongoDB Tumbles as Weak Forecast Revives Concerns

March 3, 2026 at 10:37 PM
By Bloomberg
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MongoDB Tumbles as Weak Forecast Revives Concerns
MongoDB shares fell over 20% in Tuesday's session after the database software company gave weaker-than-expected forecasts for full-year revenue and first-quarter adjusted earnings. Its fiscal 2027 sales-growth outlook was below consensus, reviving analyst and investor concern about expansion amid an intensifying product race, and signaling rising competition and slower expansion of customer wallets. The company's recent quarters showed better execution, but 2027's revenue guidance implies year-over-year deceleration. MongoDB President and CEO CJ Desai joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

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MongoDB shares fell over 20% in Tuesday's session after the database software company gave weaker-than-expected forecasts for full-year revenue and fi MongoDB shares fell over 20% in Tuesday's session after the database software company gave weaker-than-expected forecasts for full-year revenue and fi Monitor developments in MongoDB for further updates.

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MongoDB shares fell over 20% in Tuesday's session after the database software company gave weaker-th

MongoDB shares fell over 20% in Tuesday's session after the database software company gave weaker-than-expected forecasts for full-year revenue and first-quarter adjusted earnings. Its fiscal 2027 sales-growth outlook was below consensus, reviving analyst and investor concern about expansion amid an intensifying product race, and signaling rising competition and slower expansion of customer wallets. The company's recent quarters showed better execution, but 2027's revenue guidance implies year-over-year deceleration. MongoDB President and CEO CJ Desai joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
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