Mongodb shares Crater 24% as weak prospects of overshadow strong results

Mongodb It is more than 24% crater after the database software manufacturer shared weak guidelines that signaled a growth of growth.

Shares went to their worst day since September 2022.

For the 2026 financial year, the company expects that the adjusted profit will be between $ 2.44 and $ 2.62 per share and sales of $ 2.24 billion and $ 2.28. Analysts expected an EPS of USD 3.34 and US dollars.

The weak guide is based on the company's slower growth of the company's atlas, cloud-based database service. The sales projection would mean growth of 12.7%, which is slowly returning to its 2017 stock exchange debut for the company.

CFO SRDJAN TANJGA said during a profit that the company recorded more slow growth in new applications that use its Atlas-Cloud-based database service. However, Mongodb stops the setting and hires business with larger companies.

For the business quarter of the financial year, Mongodb forecast 63 cents up to 67 cents in adjusted result per share to $ 524 million to $ 529 million. Analysts surveyed by LSEG expected EPS of 62 cents and sales of $ 526.8 million.

The Wells Fargo analyst Andrew Nowinski cited the weak view and slowing down the growth of Mongodb and lowered the shares to the same weight and lowered its target.

“With a smaller pool of multi -year deals, we believe that it will be difficult to significantly exceed expectations in the GJ 26 and therefore to expect that the shares will rant,” he wrote.

Read more about Nowinski's analysis.

Mongodbs Outlook expires more than expected, the result of the fourth quarter in the fourth quarter. The company reported an adjusted profit of USD 1.28 per share, except for items with $ 548 million. Analysts surveyed by LSEG had expected an EPS of 66 cents and sales of $ 520 million. Sales rose 20%a year ago.

Mongodb won 1,900 customers in the quarter, which reflected a total of 54,500.

– The Jordan Novet from CNBC has contributed to the reporting.