MongoDB (MDB) shares have declined 38.1% year to date, underperforming the broader Zacks Computer and Technology sector's appreciation of 22.5%. MDB shares have also lagged the Zacks Internet Software industry and its peers like Samsara (IOT) , Fortinet (FTNT) and Cognyte Software (CGNT) . Over the same time frame, shares of Samsara, Fortinet and Cognyte Software have returned 37%, 31.5% and 0.6%, respectively. The industry appreciated 21.3% YTD. The underperformance of MDB shares can be attributed to chall ...

Update to the world's most popular document database is the most performant version of MongoDB ever released, with greater ease of use and enterprise-grade security, resilience, and availability for a wide variety of applications Optimizations in MongoDB 8.0 improve overall throughput by up to 32%, while accelerating time series data aggregations by more than 200% New scale-out capabilities in MongoDB 8.0 distribute data up to 50x faster and reduce single-shard cluster costs by up to 50% for efficient scala ...

NEW DELHI, Sept. 27, 2024 (GLOBE NEWSWIRE) -- BUSINESSNEXT, a global leader in composable enterprise solutions for financial services, has partnered with MongoDB to accelerate autonomous operations powered with specialized predictive and generative AI for banking and insurance. Headquartered in New York, MongoDB empowers innovators to create, transform, and disrupt industries with the power of software and data. The collaboration between BUSINESSNEXT and MongoDB will empower banking and financial services w ...

MongoDB (MDB) shares have plunged 28.7% year to date, underperforming the Zacks Computer and Technology sector's growth of 13.6%, raising questions about whether this presents a buying opportunity for investors. This significant decline comes amid broader market volatility and shifting sentiment toward growthoriented technology stocks. MongoDB, known for its popular NoSQL database platform, has been a darling of the tech industry since its IPO in 2017. The company's innovative approach to data management ha ...

MongoDB, Inc. (NASDAQ:MDB) Piper Sandler Growth Frontiers Conference September 11, 2024 10:00 AM ET Company Participants Michael Gordon - Chief Operating Officer and Chief Financial Officer Serge Tanjga - Senior Vice President of Finance Conference Call Participants Brent Bracelin - Piper Sandler Brent Bracelin Good morning. Thank you for joining us here. I had an insightful little keynote there with the CIO panel. Good news is, a lot of investment in data. So this is very topical here. Very pleased to have ...

MongoDB for Academia also working with learning platforms SmartInternz and GeeksforGeeks to equip Indian students with the knowledge needed to build modern, AI-powered applications BENGALURU, India, Sept. 10, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced the expansion of MongoDB for Academia in India, including a new partnership with All India Council for Technical Education (AICTE), Ministry of Education, Government of India. The AICTE partnership will be supported by SmartBridge's Smart ...

Core Insights - MongoDB's quarterly earnings exceeded expectations, leading to a 15.2% increase in share price in August [1] - The company reported a 13% revenue growth driven by subscription sales, with both top and bottom lines surpassing Wall Street forecasts [2] - MongoDB's free cash outflow decreased significantly from $27 million to $4 million year-over-year, indicating improved cash flow management [3] Financial Performance - The company achieved a $50 million increase in revenue compared to the previous year, allowing for a reduction in its burn rate [3] - MongoDB has approximately $2 billion in short-term liquid assets, enabling it to operate without depleting cash reserves [4] - Despite not being profitable yet, the company has shown a positive cash flow year-to-date, which is a critical milestone [3][4] Market Reaction - Analysts have updated their earnings forecasts for MongoDB following the latest quarterly results, generally raising their outlook for the next two years [5] - The stock price has decreased by 25% over the past year, prompting investors to scrutinize its valuation amid slowing expansion [5] - The price-to-sales (P/S) ratio fell by 35% to 11.4, while the forward price-to-earnings (P/E) ratio dropped 10% to 117, indicating a more reasonable valuation despite still being aggressive [6] Investment Considerations - The stock remains speculative with a revenue growth rate under 20% and a P/S ratio over 10, suggesting caution for potential investors [8] - Long-term investors may find justification for buying at current prices, but should be prepared for volatility due to the company's valuation [8]

Core Insights - MongoDB, Inc. is facing a class action lawsuit from investors due to substantial losses attributed to multiple downward revisions of its fiscal year 2025 revenue guidance [1][6] Company Performance - Initially, MongoDB management expressed confidence in achieving FY 2025 revenue targets, citing initiatives like restructuring sales force incentives and reducing upfront customer commitment pressure [2] - On March 7, 2024, MongoDB revised its full-year guidance downward, attributing the decrease to changes in its sales force compensation model, which negatively impacted upfront customer commitments and multi-year licensing revenue [3] - A further downward revision occurred on May 30, 2024, due to macroeconomic factors affecting customer adoption of its MongoDB Atlas product and ongoing impacts from the sales force restructuring [4] Financial Impact - The cumulative effect of the revenue guidance revisions has resulted in an estimated erosion of shareholder value by $7.5 billion [5] Legal Issues - Investors allege that MongoDB executives provided misleading information regarding the company's revenue outlook and growth potential while downplaying risks from seasonality and macroeconomic fluctuations [6] - The investigation is focused on whether MongoDB downplayed known risks associated with its sales incentive restructuring and macroeconomic conditions [7]

RADNOR, Pa., Sept. 8, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been against MongoDB, Inc. ("MongoDB") (NASDAQ:MDB) on behalf of investors who purchased or acquired MongoDB securities between August 31, 2023 and May 30, 2024 (the "Class Period"). The case is assigned to the Honorable Gregory Howard Woods III. The lead plaintiff deadline is September 9, 2024. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: I ...

NEW YORK, Sept. 07, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces a lawsuit has been filed against MongoDB, Inc. ("MongoDB" or the "Company") (Nasdaq:MDB) and certain of the Company's senior executives. If you suffered losses on your MongoDB investment, you are encouraged to submit your information at https://www.bfalaw.com/cases-investigations/mongodb-inc. Investors have until September 9, 2024 to ask the Court to be appointed to lead the case. The complaint asse ...