MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service
1. MongoDB shares surged 15% after surpassing earnings expectations. 2. Revenues grew 22% to $549 million, exceeding analyst estimates. 3. Adjusted earnings per share reached $1.00, outperforming projected 66 cents. 4. The company raised fiscal 2026 revenue guidance to $2.25-$2.29 billion. 5. Atlas revenue grew 26% and represented 72% of total revenues.