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MongoDB nosedives on lowest expected sales growth since 2017
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MongoDB (MDB) stock takes a nosedive Thursday morning after the company issued a disappointing outlook, expecting the lowest sales growth since the company went public in 2017. Co-hosts Madison Mills and Seana Smith take a closer look at the details on Catalysts.
According to the company, MongoDB's cloud-based applications are growing more slowly than expected despite its recent acquisition of artificial intelligence (AI) startup Voyage. Several Wall Street analysts have since downgraded the stock.
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
This post was written by Sydney Strauss
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