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Off-Quarter Software Companies' Revenue Outperformance Decelerates Slightly Sequentially, RBC Says
US Markets

Off-Quarter Software Companies' Revenue Outperformance Decelerates Slightly Sequentially, RBC Says

Quarterly revenue outperformance of software companies that don't follow the standard reporting calendar decelerated slightly sequentially, with a "catch-up trade" into the end of the year likely, RBC Capital Markets said in a note e-mailed Monday.The mean June-quarter revenue beat for 33 off-quarter software companies was 2.1%, compared with a 2.2% outperformance in the previous quarter, according to RBC. The average on-quarter software company beat second-quarter revenue estimates by 2.6%, marking the seventh straight outperformance versus off-quarter, the brokerage said in the note to clients."(Off-quarter revenue) beats modestly decelerated (quarter on quarter) and are down (year over year), which we view as a result of bifurcating results, with application software largely driving down the beat magnitude," Matthew Hedberg, RBC's head of global technology, Internet, media, and telecommunications research, wrote.Infrastructure, vertical, and security vendors delivered the largest top-line beats, while front office and Software-as-a-Service platforms posted the smallest outperformance, according to RBC."Off-(quarter) earnings was a roller coaster, with the (iShares Expanded Tech-Software Sector ETF) being up as much as 8% in the three-week period of off-(quarter) reporters, but is now flat from the start," Hedberg said.This divergence stems from artificial intelligence shifting budgets away from discretionary and legacy software, while dollars flow toward vendors that directly enable and leverage AI capabilities, according to the note."Looking ahead, we believe there could be a catch-up trade into year-end, as software generally performs better as estimates begin to move higher on (third-quarter) prints, with management teams feeling more comfortable on raising guides and investors chasing benchmarks given software's solid performance in the past month," Hedberg said.RBC noted higher post-earnings confidence in cyber, infrastructure, and data leaders, including Salesforce (CRM), CrowdStrike (CRWD), Snowflake (SNOW), Palo Alto Networks (PANW) and MongoDB (MDB), while having incremental questions about application-focused peers such as Asana (ASAN), Intuit (INTU), and UiPath (PATH)."Investors continue to prefer cyber/infra/data leaders, but software has caught a broader bid and investors are widening their aperture beyond select AI leaders given generally solid software fundamentals and a brief sentiment boost from (Salesforce's) Claudeforce announcement," Hedberg wrote. "That said, there remains a bifurcation in results with application software generally underperforming the cyber/infra/data group."Late last month, Salesforce and Anthropic unveiled Claudeforce, an expanded partnership combining Claude's reasoning with the data, workflows, business logic, actions, and governance of the Salesforce platform.Recently, leading AI executives warned of increasing safety risks and urged the industry to advance AI model capabilities at a more measured pace.Price: $257.56, Change: $+9.84, Percent Change: +3.97%

$ASAN$CRM$CRWD$INTU$MDB$PANW$PATH$SNOW
Wire

MongoDB has Room to Beat its own Guidance, Macquarie Says

MongoDB (MDB) implied second-half deceleration in Atlas growth is not overly concerning, arguing the company likely has sufficient room to exceed its own guidance, Macquarie said in a note emailed Friday.Stable consumption trends and expanding workloads across multiple industries make it more likely that Atlas growth holds closer to first-half levels than the deceleration implied by management's guidance, the firm said.On the more cautious side, Macquarie said it lacks confidence that MongoDB's AI-related product lineup, including Voyage and Vector Search, offers enough critical mass to drive the broad adoption among AI-native companies that management has cited as a key strategic goal.Macquarie pointed to MongoDB's upcoming investor day on Sept. 29 as a catalyst for the stock.Macquarie maintained its neutral rating on the stock and raised the price target $375 per share from $315.Price: $375.92, Change: $-8.53, Percent Change: -2.22%

$MDB
Wire

MongoDB Posts In-Line Q2 Amid Stable Atlas Growth, UBS Says

MongoDB (MDB) delivered a largely in-line fiscal Q2 results, with Atlas database growth stable and artificial intelligence upside still in early-stage, UBS said in a note Tuesday."Fundamentally, MongoDB is posting stable and attractive high-20% Atlas growth but just isn't seeing a material AI pull-through yet," the report said.The report said AI pull-through is still not material for the company, unlike what is becoming more visible at peers such as Snowflake (SNOW) and Databricks.Some AI-natives have begun using MongoDB as a memory layer, the note said, adding that the company will make some product announcements at its Sept. 29 event.UBS cut its price target to $410 from $460 while keeping its neutral rating.Price: $382.70, Change: $-51.51, Percent Change: -11.86%

$MDB
Stocks Fall Pre-Bell Amid Rising Middle East Tensions, Bond Yields
US Markets

Stocks Fall Pre-Bell Amid Rising Middle East Tensions, Bond Yields

The main US stock measures were trending lower in Wednesday's premarket activity amid escalating tensions in the Middle East and rising bond yields.The S&P 500 declined 0.2%, the Dow Jones Industrial Average edged down 0.1%, and the Nasdaq was off 0.5% before the opening bell. The indexes finished Tuesday trading in the red for the third consecutive session.The US Central Command said Tuesday that its forces completed a wave of strikes against Iranian military targets, following recent attempted attacks by the Islamic Revolutionary Guard Corps against commercial shipping in the Strait of Hormuz.Iran reportedly launched retaliatory drones and missiles on US bases in Kuwait, Jordan and Bahrain, according to multiple media outlets.West Texas Intermediate crude oil rose 0.3% to $90.50 a barrel in premarket action, while Brent increased 0.5% to $95.11.In a social media post on Tuesday, President Donald Trump said he's "not trying to force Iran" to resume negotiations with the US. "I like our position now much better, with almost total control of the Hormuz Strait, and their economy totally collapsing," Trump wrote.Treasury yields were moving higher before the open, with the 10-year rate up 1.8 basis points to 4.81%, reportedly reaching its highest level since November 2023. The two-year rate inclined 0.8 basis points to 4.4%, while the 30-year yield gained 1.9 basis points to 5.29%."Higher yields are proving to be the stock market's undoing," Thierry Wizman, global foreign exchange and rates strategist at Macquarie Group, said in a note e-mailed toon Tuesday. "They force analysts to discount higher earnings more aggressively, thus forcing (price-to-earnings) multiples downward."The Federal Reserve should tighten monetary policy unless inflation cools down, Governor Michael Barr said Tuesday, adding to a growing chorus of hawkish views from policymakers. Fed Chair Kevin Warsh said last week that the central bank's primary focus should be on prices, given that the US is doing well on the employment front.Wednesday's economic calendar has the weekly mortgage applications bulletin at 7 am ET, followed by the ADP Employment report for August at 8:15 am. The Fed's Beige Book, a compilation of economic and business reports from the 12 regional Fed branches, is out at 2 pm.Shares of Dell Technologies (DELL) spiked 9.3% pre-bell after the computer maker's fiscal second-quarter results beat Wall Street's estimates. Palo Alto Networks (PANW) retreated nearly 2% as the cybersecurity firm's fiscal fourth-quarter adjusted gross margin declined year over year.Credo Technology (CRDO) and MongoDB (MDB) fell 8.9% and 13%, respectively, following their latest financial results.Brown Forman (BF.A, BF.B), Ollie's Bargain Outlet (OLLI) and FuelCell Energy (FCEL) are expected to release their quarterly earnings before the bell, among others. Broadcom (AVGO), Snowflake (SNOW), Hewlett Packard Enterprise (HPE) and Five Below (FIVE) post their results after the markets close.Gold declined 0.9% to $4,365 per troy ounce, while bitcoin slipped 1% to $76,467.

Dow JonesNasdaq CompositeS&P 500$AVGO$BF.A$BF.B$CRDO$DELL$FCEL$FIVE$HPE$MDB$OLLI$PANW$SNOW
Update: Equity Markets Fall Intraday as Oil, Yields Surge
US Markets

Update: Equity Markets Fall Intraday as Oil, Yields Surge

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, as surging oil prices and bond yields kept inflation-wary traders on the edge.The Nasdaq Composite was down 1% at 26,113.9 after midday Tuesday. The Dow Jones Industrial Average shed 0.8% to 52,752.6, while the S&P 500 lost 0.7% to 7,633.2. The indexes finished the previous trading session lower.Among sectors, consumer discretionary led the laggards intraday Tuesday, while energy paced the gainers.West Texas Intermediate crude oil jumped 4.4% to $89.57 a barrel, while Brent advanced 3.9% to $94.04.The US military launched fresh attacks on Iran, striking Islamic Revolutionary Guard Corps targets, the US Central Command said Tuesday in a post on social media platform X.Washington is striking "Iranian targets" near the Strait of Hormuz, US President Donald Trump said Tuesday."If the failed nation of Iran retaliates for this very justified attack, they will be hit again at a much harder and higher level," Trump said in a social media post.The latest US military actions came a day after Iran reportedly attacked US bases in Jordan and the United Arab Emirates, in retaliation for Washington striking Iranian rocket launchers on Tehran's Larak Island.US Treasury yields jumped intraday Tuesday, with the 10-year rate up 3.2 basis points at 4.79%, reaching its highest level since January 2025. The two-year yield rose 3.9 basis points to 4.39%.Government borrowing costs are surging "as rising oil prices continue to fuel inflation concerns and as investors increase expectations for firmer (Federal Reserve) policy," Stifel said in a note to clients.Markets are now pricing in a 68% probability that the US central bank will increase its benchmark lending rate by 25 basis points later this month, compared with about 40% a week ago, according to the CME FedWatch tool. The probability that the Fed will keep interest rates steady fell to 32% from 60%.The Fed should tighten monetary policy unless inflation cools down as hoped, Governor Michael Barr said Tuesday, adding to a growing chorus of hawkish views from policymakers. In his debut Jackson Hole speech as Fed chief on Friday, Kevin Warsh said that the central bank's primary focus should be on prices, given that the US is doing well on the employment front.In economic news, the US manufacturing sector continued to expand in August, with an Institute for Supply Management survey pointing to a slight deceleration sequentially and S&P Global (SPGI) data indicating a steady growth rate.In company news, Nio (NIO) posted a 69% year-over-year increase in its second-quarter revenue amid growth in vehicle deliveries, which are expected to continue rising in the ongoing quarter. The Chinese electric vehicle maker's American depositary receipts were down 4.5% intraday.Palo Alto Networks (PANW) shares fell 6.1%, among the worst performers on the S&P 500.Palo Alto is scheduled to report its latest quarterly financial results after the closing bell Tuesday, along with Dell Technologies (DELL), MongoDB (MDB) and others.Spot gold was down 2.1% at $4,344.51 per troy ounce, while silver dropped 2.4% to $65.40 per ounce.

Dow JonesNasdaq CompositeS&P 500$DELL$MDB$NIO$PANW$SPGI
Stocks Down Pre-Bell as Traders Weigh Renewed US-Iran Tensions
US Markets

Stocks Down Pre-Bell as Traders Weigh Renewed US-Iran Tensions

US equity futures were tracking in the red on Tuesday as investors weigh Middle East tensions after the US and Iran recently exchanged strikes.The S&P 500 and the Dow Jones Industrial Average declined 0.5% each in premarket activity, while the Nasdaq was off 0.8%. The indexes finished the previous trading session lower.President Donald Trump reportedly told Fox News on Monday that the US will respond to Iran's attacks on its military bases in the Middle East."We're going to hit them hard," Trump reportedly said. "There will be a response."Iran reportedly attacked US bases in Jordan and the United Arab Emirates on Monday, in retaliation for Washington striking Iranian rocket launchers on Tehran's Larak Island. The US attack was the first confirmed military strike against Iran since late July and comes after Washington launched an economic campaign last week to cut off financial channels that support Tehran.Iranian President Masoud Pezeshkian reportedly said Monday that Iran is not seeking to engage in a war with the US, but will respond firmly to any acts of aggression.West Texas Intermediate crude oil rose 2.7% to $88.05 a barrel before the opening bell, while Brent increased 2.2% to $92.47.The UK Maritime Trade Operations said Monday that a tanker was reported to have been struck by three unknown projectiles while transiting the Strait of Hormuz."These developments have once again reduced the prospects of bringing the conflict to an end," Saxo Bank said in a Monday report. "However, with an estimated (6 million to 8) million barrels per day of crude flowing through the strait, the upside risk is for now being capped."Treasury yields were trending higher in premarket action, with the two-year rate gaining 1.2 basis points to 4.36% and the 10-year rate adding 3 basis points to 4.79%.Traders also await the first batch of fresh labor data this week, with the Job Openings and Labor Turnover Survey for July out at 10 am ET. The ADP Employment report, the Challenger, Gray & Christmas job cut report and the government's nonfarm payrolls data, all for August, are due later in the week.US nonfarm payrolls are projected to rebound stronger than expected in August, Oxford Economics said in a note Monday, describing labor market conditions as balanced. The brokerage expects nonfarm payrolls to have increased by 95,000 in August, compared with the Bloomberg-polled consensus of a 55,000 increase.Tuesday's economic calendar also has the final Purchasing Managers' manufacturing index for August at 9:45 am, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am.Federal Reserve Governor Michael Barr is slated to speak at 9:05 am.Shares of GoPro (GPRO) surged 89% pre-bell following media reports that YouTube creator Mark Fischbach has become the company's largest single shareholder. Robinhood Markets (HOOD) inclined 1.9%.Palo Alto Networks (PANW), Dell Technologies (DELL), Credo Technology (CRDO) and MongoDB (MDB) are expected to release their latest financial results after the markets close Tuesday. Medtronic (MDT) posts earnings before the bell, among others.Gold slipped 1.3% to $4,423 per troy ounce, while bitcoin decreased 1.4% to $77,924.

Dow JonesNasdaq CompositeS&P 500$CRDO$DELL$GPRO$HOOD$MDB$MDT$NIO$PANW
Wire

MongoDB Faces Steady Growth, Limited AI Impact So Far, UBS Says

MongoDB's (MDB) customer and partner checks ahead of fiscal Q2 results point to stable operational database spending growth, with limited evidence that AI activity is meaningfully lifting demand for the platform so far, UBS Securities said Sunday in a report.Because MongoDB serves a broad base of non-Fortune 500 enterprise customers, UBS said it is difficult to draw firm conclusions from a small number of checks, though it found no signs of an acceleration in demand.UBS said it is seeing tangible AI-related uplift for other rival database companies, and the bull case for MongoDB partly rests on the view that broader database demand will eventually lift the company as well."We'd prefer to stay patient on the stock until we see more signs of a growth acceleration," the report said.Q2 results are due Sept. 1.UBS raised its price target on MongoDB stock to $460 from $350 and maintained its neutral rating.Price: $405.11, Change: $-25.72, Percent Change: -5.97%

$MDB
Wire

UBS Adjusts Price Target on MongoDB to $460 From $350, Maintains Neutral Rating

MongoDB (MDB) has an average rating of overweight and mean price target of $445, according to analysts polled by FactSet.Price: $403.97, Change: $-26.86, Percent Change: -6.23%

$MDB
Research

Evercore ISI Initiates MongoDB at Outperform With $525 Price Target

MongoDB (MDB) has an average rating of overweight and mean price target of $439.24, according to analysts polled by FactSet.

$MDB
Insider Trading

Mongodb Insider Sold Shares Worth $7,416,407, According to a Recent SEC Filing

Dwight A Merriman, Director, on August 14, 2026, sold 16,000 shares in Mongodb (MDB) for $7,416,407. Following the Form 4 filing with the SEC, Merriman has control over a total of 1,495,111 common shares of the company, with 962,953 shares held directly and 532,158 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1441816/000162828026057659/xslF345X05/wk-form4_1787084339.xml

$MDB
Wire

MongoDB's Atlas Growth, AI-Native Customer Base in Focus Ahead of Q2 Results, RBC Says

MongoDB (MDB) is expected to see continued Atlas growth when it reports fiscal Q2 results, with investor focus on AI-native customer traction, Atlas growth, go-to-market changes under Chief Executive CJ Desai and adoption of newer AI products, RBC Capital Markets said in an earnings preview.The company is scheduled to report its Q2 results after market close Tuesday.The investment firm said in a Wednesday note that its checks and alternative data support continued expansion of MongoDB's AI-native customer base, while concerns over PostgreSQL competition have eased as much of its usage appears focused on modernizing existing MySQL and Oracle applications rather than taking share from MongoDB.For the quarter, RBC expects consensus revenue of $735.2 million, up 24% year over year, and Atlas revenue of $550.8 million, up 26%. It views revenue of $770.3 million and Atlas revenue of $567.7 million, both up 30% year over year, as a "good outcome."For fiscal 2027, the investment firm expects consensus revenue of $2.97 billion, up 20%, and an operating margin of 20%. The firm views reiterating guidance in line with consensus, with a bias toward upward revisions during the year, as a "good outcome."RBC maintained its outperform rating on the stock and raised its price target to $515 from $395.MongoDB shares were up 5% in Thursday trading.Price: $459.62, Change: $+21.79, Percent Change: +4.98%

$MDB
Wire

MongoDB to Post Solid Fiscal Q2 Results on Enterprise Advanced, Atlas Upside, Oppenheimer Says

MongoDB (MDB) is likely to post solid fiscal Q2 results and acceleration in revenue growth, driven by enterprise advanced and Atlas upside, Oppenheimer said in a Wednesday research report.There is potential that Atlas may not post year-over-year growth acceleration, which could create near-term stock volatility amid elevated investor expectations, analysts wrote. The company is due to report fiscal Q2 results on Sept. 1.Channel checks indicate increasing AI engagement, which could support the company's ability to become a key enterprise agentic enabler, positioning it for more robust fiscal 2028 momentum, according to the note.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $475 per share from $410.Price: $439.10, Change: $-0.06, Percent Change: -0.01%

$MDB
Insider Trading

Mongodb Insider Sold Shares Worth $5,180,467, According to a Recent SEC Filing

Dwight A Merriman, Director, on July 14, 2026, sold 16,000 shares in Mongodb (MDB) for $5,180,467. Following the Form 4 filing with the SEC, Merriman has control over a total of 1,511,111 common shares of the company, with 972,953 shares held directly and 538,158 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1441816/000162828026048478/xslF345X05/wk-form4_1784234363.xml

$MDB
Insider Trading

Mongodb Insider Sold Shares Worth $1,755,537, According to a Recent SEC Filing

Michael J Berry, Chief Financial Officer, on June 16, 2026, sold 5,000 shares in Mongodb (MDB) for $1,755,537. Following the Form 4 filing with the SEC, Berry has control over a total of 86,320 common shares of the company, with 84,820 shares held directly and 1,500 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1441816/000162828026044370/xslF345X05/wk-form4_1781815015.xml

$MDB
Wire

BofA Securities Raises MongoDB Price Target to $450 From $390, Maintains Buy Rating

MongoDB (MDB) has an average rating of overweight and mean price target of $399.82, according to analysts polled by FactSet.Price: $357.09, Change: $+6.35, Percent Change: +1.81%

$MDB
Insider Trading

Mongodb Insider Sold Shares Worth $350,000, According to a Recent SEC Filing

Hope F Cochran, Director, on May 29, 2026, sold 1,000 shares in Mongodb (MDB) for $350,000. Following the Form 4 filing with the SEC, Cochran has control over a total of 27,010 common shares of the company, with 27,010 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1441816/000162828026039828/xslF345X05/wk-form4_1780433516.xml

$MDB
Wire

Tigress Financial Adjusts MongoDB Price Target to $515 From $430, Maintains Buy Rating

MongoDB (MDB) has an average rating of overweight and mean price target of $394.34, according to analysts polled by FactSet.Price: $389.91, Change: $-13.97, Percent Change: -3.46%

$MDB
Research

Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Mongodb, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our price target by $4 to $439, 71x our FY 27 (Jan.) EPS view. We raise our FY 27 EPS estimate by $0.27 to $6.18 and our FY 28 view by $0.14 to $7.39. MDB's Q1 came in modestly better than expected, with another strong bookings quarter driving RPO growth up by an impressive 88% Y/Y to $1.46B. AI volumes continue to accelerate but remain a small part of the overall business, with core enterprise workloads delivering the beat and modest guidance raise (MDB now expects 24% sales growth vs. a prior 22% view). We expect 2026 to be a significant scaling year for agentic workloads, and we continue to think investors are underestimating MDB's potential to see growth accelerate as it gains traction with AI natives and existing Fortune 500 customers evolve their AI offerings. We think Q1's results were a decent print that did enough to convince investors that FY 26's deceleration relates more to conservatism than AI competition/existentialism that has rocked the software space this year.

$MDB
Wire

MongoDB's AI Traction, Atlas Momentum Remain Encouraging, RBC Says

MongoDB's (MDB) outlook remains encouraging amid strengthening traction among AI-native customers and continued momentum in Atlas, its cloud database service, following fiscal first-quarter results that beat estimates and an increase in full-year guidance, RBC Capital Markets said Thursday in a report.Atlas revenue grew 29.4%, marking the fourth straight quarter of growth above 29%, and management said the service has become more predictable as it has scaled, making it less sensitive to swings from individual customers or segments, the report said.Management guided to Atlas growth of almost 26% in Q2 and 23% to 25% in fiscal 2027, up from the prior outlook of 21% to 23%, RBC said. MongoDB also projected mid-single-digit fiscal 2027 growth for the Enterprise Advanced division and other on-premise products, implying roughly flat performance in H2 due to tougher comparisons, the report said.RBC maintained its outperform rating on MongoDB stock and its $395 price target.Price: $311.89, Change: $-13.80, Percent Change: -4.24%

$MDB
Wire

Top Midday Stories: Dell Q1 Earnings Results, Guidance Top Estimates; Autodesk to Acquire MaintainX in $3.6 Billion All-Cash Deal

All three major US stock indexes were up in late-morning trading Friday, as President Donald Trump said on Truth Social that he will soon make a final determination regarding the proposed memorandum of understanding between the US and Iran.In company news, Dell Technologies (DELL) reported fiscal Q1 non-GAAP net income late Thursday of $4.86 per diluted share, up from $1.55 a year earlier and above the FactSet consensus analyst estimate of $2.96. Fiscal Q1 revenue was $43.84 billion, up from $23.38 billion a year ago and above the FactSet consensus of $35.74 billion. For fiscal Q2, the company said it expects non-GAAP EPS of $4.80 at the midpoint and revenue of $44 billion to $45 billion. Analysts polled by FactSet expect $2.99 and $35.10 billion, respectively. For fiscal 2027, Dell said it expects non-GAAP EPS of $17.90 at the midpoint on revenue of $165 billion to $169 billion. Analysts polled by FactSet expect $13.12 and $143.19 billion, respectively. Dell shares were up 29.4% around midday.Autodesk (ADSK) reported fiscal Q1 adjusted earnings late Thursday of $2.99 per diluted share, up from $2.29 a year earlier and above the FactSet consensus of $2.84. Fiscal Q1 revenue was $1.93 billion, up from $1.63 billion a year ago and above the FactSet consensus of $1.89 billion. For fiscal Q2, the company said it expects adjusted EPS of $3.10 to $3.14 on revenue of $2.00 billion to $2.02 billion. Analysts polled by FactSet expect $3.04 and $1.99 billion, respectively. For fiscal 2027, Autodesk said it expects adjusted EPS of $12.40 to $12.65 on revenue of $8.16 billion to $8.22 billion. Analysts expect $12.42 and $815 billion, respectively. Additionally, the company said late Thursday it has agreed to acquire MaintainX, a modern maintenance and operations business, in an all-cash deal valued at about $3.6 billion. Autodesk shares were down 4%.Amazon (AMZN) founder Jeff Bezos said Thursday on X that all personnel are safe and accounted for after his Blue Origin company's New Glenn rocket exploded Thursday night during a hot-fire test at a Space Force facility in Cape Canaveral, Florida. Amazon shares were down 0.5%.MongoDB (MDB) reported fiscal Q1 adjusted earnings late Thursday of $1.32 per diluted share, up from $1.00 a year earlier and above the FactSet consensus of $1.19. Fiscal Q1 revenue was $687.6 million, up from $549.0 million a year ago and above the FactSet consensus of $664.5 million. For fiscal Q2, the company said it expects adjusted EPS of $1.58 to $1.61 on revenue of $729 million to $734 million. Analysts polled by FactSet expect $1.29 and $700.5 million, respectively. For fiscal 2027, the company said it expects adjusted EPS of $5.95 to $6.14, up from its previous guidance of $5.75 to $5.93 and above the FactSet consensus of $5.92. Fiscal 2027 revenue is expected to be between $2.92 billion and $2.96 billion, above its previous guidance and the FactSet consensus of $2.90 billion. MongoDB shares were down 5.8%.Activist hedge fund Toms Capital Investment Management has built a significant stake in McCormick (MKC) as the US food company works on its planned acquisition of Unilever's (UL) food business, Reuters reported Friday, citing sources familiar with the matter. The size of the stake, which Toms acquired in Q2, and what Toms intends to do with it, could not be determined, Reuters reported. McCormick shares were up 1.2%, while Unilever shares were down 0.4%.Price: $411.54, Change: $+94.49, Percent Change: +29.80%

$ADSK$AMZN$DELL$MDB$MKC$UL

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