MongoDB stock sinks after lowering full-year guidance

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Mongodb News

Seana Smith,Madison Mills,MDB

Shares of MongoDB (MDB) are sliding after the company issued soft guidance for the quarter and lowered its forecast for the full fiscal year. Yahoo Finance's...

) are sliding after the company issued soft guidance for the quarter and lowered its forecast for the full fiscal year.Now at some trending, take our shares of Mongo DB are sliding this morning after the company issued light guidance for the quarter and reduced its forecast for the full fiscal year.Now, obviously seen a lot of downward pressure on the stock again plummeting over 26%.

The skinniest beat in a long time in terms of revenue and the outlook Shana they're saying is underwhelming the latest software company company to come out with downbeat guidance.When we talk about some of the weakness, it's not only Mongo DB, it's not only some of the names that we talked about in the last 24 hours when we take into account what we heard from sales force.

We're seeing many of these stocks punished and I don't think you have to look any further than some of the losses we're seeing in Mongo DB to really tell the story of this earnings season and where investment sentiment lies, investor sentiment lies.Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, slumped before the opening bell Friday after former President Donald Trump was convicted in his hush money trial.

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