MongoDB Stock Soars in After-Hours Surge Following Stellar Earnings Report

Shares of MongoDB (MDB) surged over 14% in extended trading following the company’s strong Q1 earnings that exceeded analyst expectations. The database software giant reported adjusted EPS of $1.00, beating estimates by $0.34 and revenue of $549 million exceeding consensus forecasts. This robust performance is attributed to a continued surge in its Atlas platform and strong customer growth.