NEW YORK, Jan. 9, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mon ...

Shares of database upstart MongoDB (MDB -0.07%) plunged 27.8% in December, according to data from S&P Global Market Intelligence.MongoDB released its fiscal third-quarter earnings early in the month, which disappointed investors, and also announced the retirement of its chief financial officer.However, MongoDB could be a big winner in the next stage of the artificial intelligence (AI) era. So is the downturn an opportunity?MongoDB goes through some growing painsMongoDB actually beat analyst expectations in ...

MongoDB NASDAQ: MDB had a rough year in 2024, with shares down an excruciating 40% as of the Dec. 26 close. However, Wall Street analysts appear to see light at the end of the tunnel for this tech stock. Among 24 price targets released in December, their average indicates an upside in the stock of 35%. Below, I’ll break down Mongo’s product, developments that drove the stock down this year, and lay out why some are highly bullish on this name. Get MongoDB alerts:MongoDB: Intuitive and Scalable Database Mana ...

Can Mongo (NASDAQ: MDB ) return to its growth mojo? Simply put, the last earnings release may have given no signs of an inflection, but some ofBert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Journal for his ...

Zacks Rating Upgrade for MongoDB - MongoDB has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a powerful factor influencing stock prices [1] - The Zacks rating system relies solely on changes in a company's earnings picture, tracking EPS estimates for the current and following years through the Zacks Consensus Estimate [1] - The upgrade reflects positivity about MongoDB's earnings outlook, which could translate into buying pressure and an increase in its stock price [3] Earnings Estimate Revisions and Stock Price Movement - Changes in a company's future earnings potential, as reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [4] - Institutional investors use earnings estimates to calculate the fair value of a company's shares, and their bulk investment actions lead to price movements [4] - For MongoDB, rising earnings estimates and the consequent rating upgrade indicate an improvement in the company's underlying business, which should push the stock higher [5] Zacks Rank System and Its Effectiveness - The Zacks Rank system uses four factors related to earnings estimates to classify stocks into five groups, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - The system maintains an equal proportion of 'buy' and 'sell' ratings for over 4000 stocks, with only the top 5% receiving a 'Strong Buy' rating and the next 15% receiving a 'Buy' rating [9] - MongoDB's placement in the top 20% of Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term [10][11] MongoDB's Earnings Estimates - MongoDB is expected to earn $2 97 per share for the fiscal year ending January 2025, representing a year-over-year change of -10 8% [8] - Over the past three months, the Zacks Consensus Estimate for MongoDB has increased by 23 9% [8]

These high-quality stocks are well positioned to surge in 2025.The U.S. stock market posted a stellar performance in 2024, with the benchmark S&P 500 index reaching an all-time high closing value of 6,090.27 on Dec. 6.But things may turn even better in 2025. According to Charles Schwab, based on 14 interest rate cycles since 1929, the S&P 500 index has posted positive returns 12 months from the first rate cut in the cycle 86% of the time. The benchmark index posted negative returns after rate cuts in 2001 a ...

MongoDB, Inc. (NASDAQ:MDB) Barclays 22nd Annual Global Technology Conference December 11, 2024 12:15 PM ET Company Participants Dev Ittycheria - President & CEO Michael Gordon - COO & CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next section. Great to have -- the two of you on stage. Given that we just had Q3 results, maybe we start with actually like summary from both of you, like, how do you see the quarter play out? Like, what were the highlights from your pers ...

MongoDB, Inc. (NASDAQ:MDB) Barclays 22nd Annual Global Technology Conference December 11, 2024 12:15 PM ET Company Participants Dev Ittycheria - President & CEO Michael Gordon - COO & CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next section. Great to have -- the two of you on stage. Given that we just had Q3 results, maybe we start with actually like summary from both of you, like, how do you see the quarter play out? Like, what were the highlights from your pers ...

Shares of MongoDB, Inc. MDB are up marginally on Wednesday. This follows Tuesday’s selloff of almost 17%.The stock found support around the $293 level. This isn't a coincidence. It's also why our team of technical analysts has made it our “Stock of the Day.”Third-quarter earnings announced on Monday were $1.16 per share, well ahead of estimates of 67 cents. Sales were $529 million, while analysts were looking for $498 million.But sometimes headlines can be deceiving.  GAAP stands for Generally Accepted Acco ...

MongoDB TodayMDBMongoDB$290.90 -59.23 (-16.92%) 52-Week Range$212.74▼$509.62Price Target$370.48Add to WatchlistMongoDB's NASDAQ: MDB share price slipped following the FQ3 release, which provided a classic dip buying opportunity. A business contraction didn’t cause the move, lack of growth, or weakness in the results of any kind, but rather, it was caused by the departure of long-time CFO Michael Gordon. His departure negatively affects the market because it raises questions about future execution, but thos ...