U.S. stocks gain as AI dealmaking offsets software selloff
U.S. equities advanced Wednesday, with the S&P 500 up 0.5% and the Dow up 0.4%, as AI dealmaking helped offset declines in software and cybersecurity shares.
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MongoDB sinks after softer growth outlook overshadows beat
MongoDB fell 13.41% premarket after its third-quarter revenue growth outlook of about 20.5% at the midpoint and flat Atlas growth overshadowed second-quarter beats on earnings and revenue.
MongoDB raises outlook after 30% jump in Q2 sales
MongoDB reported second-quarter sales up 30% and raised its full-year outlook. Analysts cited by Morgan Stanley said investors had high expectations heading into the results.
MongoDB raises FY outlook as 2Q sales climb
MongoDB lifted its full-year outlook and reported higher second-quarter sales, citing demand for Atlas and early momentum in artificial intelligence use cases. Results and guidance topped Wall Street expectations, but the stock slid 11% to $385.
MongoDB lifts FY2027 GAAP EPS guidance range
MongoDB raised its FY2027 GAAP EPS guidance to $0.53-$0.77 from $0.15-$0.39.
MongoDB sees FY27 adj EPS range $6.39-$6.58
MongoDB sees FY27 adjusted EPS of $6.39-$6.58.
MongoDB raises full-year fiscal 2027 guidance, mainly Atlas
MongoDB raised full-year fiscal 2027 guidance, with the 2H increase mainly attributed to Atlas.
MongoDB reports Q2 fiscal 2027 revenue and raises full-year guidance
Second quarter fiscal 2027 total revenue was $771.8 million, up 30% year-over-year. Atlas revenue rose approximately 29% and EA & other revenue rose approximately 36% year-over-year. Company raised full-year fiscal 2027 guidance for H2.
MongoDB Raises Guidance
MongoDB boosts outlook on strong AI-driven demand, shares pare gains after hours. The company's revenue growth is driven by increasing adoption of its database platform.