MongoDB Shares Plunge 23% on Disappointing Earnings Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 02 2026
0mins
Source: CNBC
- MongoDB Shares Plunge: MongoDB's stock fell 23% in after-hours trading as the company projected first-quarter adjusted earnings per share between $1.15 and $1.19, missing analysts' expectations of $1.21, while revenue guidance of $659 million to $664 million also fell short of the $662 million forecast, reflecting market disappointment in its performance outlook.
- Asana's Disappointing Guidance: Asana's shares dropped over 1% despite beating fourth-quarter expectations, as the company forecasted first-quarter revenue between $202.5 million and $204.5 million, below the $204 million expected by analysts, and its full-year revenue guidance also slightly missed expectations, raising concerns about future growth.
- Plug Power's Strong Sales: Plug Power reported robust sales in its fourth quarter, leading to a more than 7% increase in shares, with revenue of $225 million exceeding the $218 million expected by analysts, and although it posted an adjusted loss of 6 cents per share, this was better than the anticipated 10 cents, indicating strengthened competitiveness in the hydrogen market.
- Dave's Optimistic Financial Outlook: Dave's shares surged 8% as the company projected adjusted EBITDA between $290 million and $305 million, significantly higher than the $252.7 million estimate from analysts, and its full-year revenue guidance of $690 million to $710 million far exceeded the $637.6 million forecast, showcasing its strong market performance and growth potential.
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Analyst Views on ASAN
Wall Street analysts forecast ASAN stock price to rise
11 Analyst Rating
3 Buy
6 Hold
2 Sell
Hold
Current: 6.660
Low
11.00
Averages
15.70
High
19.00
Current: 6.660
Low
11.00
Averages
15.70
High
19.00
About ASAN
Asana, Inc. is an enterprise work management software platform. It enables organizations to align work to goals, coordinate cross-functional work, gain visibility into progress, automate workflows across departments, and scale work securely. It offers two products within the Asana platform to meet the needs of diverse organizations. The Asana platform maintains an application programming interface that enables developers to build apps on Asana and integrate with hundreds of third-party applications like Microsoft Teams, Slack, Jira, Salesforce, Google Workspace, Adobe Creative Cloud and many more. Its flagship product, Asana Work Graph, provides a map of how all work gets done inside an organization. It is built for scale and captures the relationship between the work that teams undertake, the information about that work, the people doing the work, and the outcomes of that work. It provides interactive dynamic views list, calendar, board, timeline, goals, portfolio, reports and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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