Why MongoDB Stock Crashed on Thursday
You were right to worry about MongoDB stock.
MongoDB (NASDAQ: MDB) stock got destroyed Thursday morning, falling 20.3% through 10:20 a.m. ET despite "beating" on Q4 2024 earnings last night, after warning 2025 results may look a lot worse.
And I hate to say I told you so, but I did.
Heading into the quarter, analysts forecast MongoDB would earn $0.67 per share, non-GAAP (generally accepted accounting principles), on sales of $519.8 million. MongoDB beat both numbers, with sales of $548.4 million, and earnings nearly double what Wall Street predicted: $1.28 per share.
