🔴 MongoDB is trading 13.8% down today after weaker-than-expected Q3 guidance triggered heavy selling

MongoDB is trading 13.8% down at $374.17 after weaker-than-expected third-quarter guidance overshadowed fiscal Q2 results.

• Fiscal Q2 revenue was $771.8 million, with adjusted EPS of $1.90.
• Management forecast third-quarter revenue of $756–$761 million and adjusted EPS of $1.57–$1.61, below the recently completed quarter’s results, while raising full-year guidance.
• Heavy selling followed after hours and into September 2; the decline is primarily company-specific, with broader software-sector weakness adding pressure.