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Why MongoDB Plunged Over 35% in May


Shares of database software up-and-comer (NASDAQ: MDB) cratered 35.4% in May, according to data from S&P Global Market Intelligence.

MongoDB happened to report first-quarter earnings on May 30, and the subsequent reaction on the final day of the month accounted for a bulk of the decline. While revenue and non-GAAP (adjusted) earnings per share (EPS) beat expectations, management's forward-looking guidance caused shares to plunge.

MongoDB is a new kind of database company based on something called a "document" architecture, a more flexible kind of format compared with legacy relational databases, and better suited for storing and processing both structured and unstructured data (images, videos, social media posts). Thus, adoption of the company's software has taken off over the six and a half years since MongoDB went public.

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Source Fool.com

MongoDB Inc. Stock

€179.24
0.200%
The MongoDB Inc. stock is trending slightly upwards today, with an increase of €0.36 (0.200%) compared to yesterday's price.
With 75 Buy predictions and 1 Sell predictions MongoDB Inc. is one of the favorites of our community.
As a result the target price of 304 € shows a very positive potential of 69.6% compared to the current price of 179.24 € for MongoDB Inc..
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