Exclusive: Harry Potter Reacts to MongoDB Stock Plummeting 26% After Light Guidance for the Quarter

The Magical Numbers

Well well well it seems like MongoDB had a bit of a spell cast on their earnings. Earnings per share falling short of expectations at 51 cents adjusted versus the expected 40 cents and revenue hitting $450.6 million instead of the anticipated $439.7 million. A growth rate slowing down quicker than Hermione lacking in some Polyjuice Potion lessons.

A Foreseeable Future?

Looks like the crystal ball isn't shining too brightly for MongoDB as they downgraded their forecasts for the fiscal year. Adjusted earnings per share going down to $2.15 to $2.30 with revenue ranging from $1.88 billion to $1.90 billion. Ah the sweet smell of defeat in the air like a freshly brewed Amortentia potion.

CEO's Sorcery

In a statement MongoDB's President and CEO Dev Ittycheria mentioned the slower start to the year affecting their growth targets. It seems like he's casting a spell of optimism for the long term but could use a bit of Felix Felicis to turn the tide.

Salesforce Sorrows

Salesforce also feeling the magical pinch hinting at longer deal closures. It's like the wizarding world's economy is going through a Galleon/Galleon exchange rate fluctuation.

Unveiling New Magic

The big reveal from MongoDB a new AI program. Could this be the magical potion they need to remedy their financial troubles and rise like a Phoenix from the ashes of plummeting stock prices?