Stock Markets March 2, 2026

After-hours movers: MongoDB guidance drags shares; mixed reactions across tech, fintech and healthcare

Quarterly beats were not enough for some names, while strong revenue prints and insider buying supported others in after-hours trading

By Avery Klein MDB CRDO SOFI OUST ASAN
After-hours movers: MongoDB guidance drags shares; mixed reactions across tech, fintech and healthcare
MDB CRDO SOFI OUST ASAN

After-hours trading featured notable volatility as several companies reported quarterly results and provided forward guidance. MongoDB shares plunged after management set FY2027 revenue guidance slightly below consensus, while Credo fell despite beating estimates. Ouster posted a revenue surprise that lifted its stock, SoFi rose after an insider purchase, and Surgery Partners slumped on softer guidance.

Key Points

  • MongoDB fell 21% after issuing FY2027 revenue guidance of $2.86 billion to $2.9 billion, slightly below the consensus of $2.9 billion despite beating quarterly estimates.
  • Credo dropped 13% even though it beat on revenue and earnings and guided Q4 2026 revenue to $425 million-$435 million, above the $411 million consensus.
  • Ouster and SoFi saw gains - Ouster rose 15% on a revenue beat of $62.18 million versus a $40.5 million consensus, and SoFi rose 2.5% after its CEO disclosed a $1 million stock purchase.

Markets saw a range of post-close moves after a batch of earnings and guidance updates. Below are the key after-hours reactions, with figures and guidance as reported by each company.


MongoDB (MDB) - Shares dropped 21% following the companys release of fiscal 2027 guidance. Although MongoDBs quarterly results beat the average analyst estimate, the firm projected full-year revenue of $2.86 billion to $2.9 billion, compared with the consensus view of $2.9 billion.

Credo Technology Group Holding (CRDO) - The stock fell 13% despite a quarter that outperformed on both the top and bottom lines. Credo guided to Q4 2026 revenue of $425 million to $435 million, above the consensus estimate of $411 million.

SoFi Technologies (SOFI) - The shares rose 2.5% after the company disclosed that its chief executive completed a $1 million stock purchase today.

Ouster (OUST) - The stock advanced 15% after reporting quarterly revenue of $62.18 million, topping the consensus estimate of $40.5 million.

Asana, Inc. (ASAN) - Shares fell about 4% after what the company described as an in-line Q4 print. Asana reported Q4 earnings per share of $0.08, which was $0.01 above the analyst estimate of $0.07. Revenue for the quarter was $205.6 million, compared with the consensus of $205.14 million.

Archer Aviation (ACHR) - The stock dipped 4% after Archer reported Q4 earnings per share of ($0.26), $0.02 worse than analysts estimate of ($0.24).

Surgery Partners, Inc. (SGRY) - Shares fell 20% after the company gave fiscal 2026 revenue guidance of $3.35 billion to $3.45 billion, below the consensus expectation of $3.562 billion.


This round of after-hours moves highlights how the market reacted not only to actual quarterly results but also to companies forward-looking guidance and insider activity. Some beats on current results were not sufficient to offset conservative or slightly disappointing forward views, while clear revenue surprises and disclosed insider purchases supported other names.

Risks

  • Companies that report quarterly beats can still see share price declines if forward guidance falls short of consensus - this affects technology and enterprise software names such as MongoDB and Credo.
  • Stocks remain sensitive to guidance revisions, with some sectors like healthcare impacted when projected revenues come in below expectations, as seen with Surgery Partners.
  • Earnings-per-share misses or guidance shortfalls continue to drive volatility in capital-intensive and development-stage names, illustrated by Archer Aviations weaker-than-expected EPS print and subsequent share decline.

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