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MongoDB shares fell 17% after CEO CJ Desai left for Meta, but the board reinstated Dev Ittycheria as interim CEO and reaffirmed guidance, signaling operational stability despite the leadership shakeup.
A sudden CEO departure sent shares tumbling, but analysts say the company’s growth, cash generation, and outlook remain largely intact.
MongoDB NASDAQ:MDB shares edged higher Tuesday after an 18.5% plunge a day earlier, as Wall Street analysts tried to separate near-term leadership uncertainty from what they still see as a strong long-term growth story.The selloff followed the departure of CEO Chirantan CJ Desai, who is leaving Mon…