MongoDB Stock Takes a Breather -- but Its Business Is Soaring

MongoDB Stock Takes a Breather -- but Its Business Is Soaring

Shares of MongoDB (NASDAQ: MDB) fell sharply on Friday, declining about 10%. The pullback followed the cloud database management company's fiscal first-quarter report on Thursday afternoon. Despite both MongoDB's reported revenue and non-GAAP (adjusted) loss per share during the period crushing analysts' average forecasts, the Street responded by selling off shares.