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 ...

RADNOR, Pa., Sept. 06, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Southern District of New York 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 p ...

Shares of the database specialist crashed earlier this year but are making a comeback. Shares of database company MongoDB (MDB -0.29%) were once a highflier, exceeding $500 earlier this year. But that changed after the company announced results for its fiscal first quarter, ended April 30. Management noted a slowdown in revenue growth and reduced its guidance for the current fiscal year. MongoDB stock promptly plunged, eventually reaching a 52-week low of $212.74 in August. But on Aug. 29, the company repor ...

Core Viewpoint - MongoDB stock has the potential to regain $500 within a year, given its recent decline of approximately 42% from around $500 to about $290, trading at 5.9x trailing revenue, which may not be considered expensive if earnings double in the next couple of years [1] Revenue Growth Potential - MongoDB's revenues could grow from approximately $17 billion in FY'24 to around $33 billion by FY'26, reflecting an average annual growth rate of over 40% [2] - The company has achieved close to 30% revenue growth over the last 12 months and an average annual growth rate of about 42% over the past three years, supported by new workload acquisitions and strong Atlas consumption trends [2] AI Integration and Market Position - MongoDB has launched the MongoDB AI Applications Program, providing an end-to-end AI technology stack and professional services to help customers build and deploy AI applications [3] - The increasing adoption of AI across various sectors positions MongoDB favorably to assist businesses in integrating generative AI and modernizing legacy applications [3] Historical Stock Performance - MongoDB stock increased by 245% from $145 in November 2022 to around $500 in February 2024, while the S&P 500 rose about 33% during the same period [4] - The stock has experienced significant volatility, with returns of 47% in 2021, -63% in 2022, and 108% in 2023, highlighting its bumpy historical performance compared to the S&P 500 [4] Future Price Growth Outlook - The timeframe for potential price doubling is flexible, as long as MongoDB maintains a healthy revenue expansion trajectory, with stock price likely responding positively if margins hold up [5]

Core Viewpoint - MongoDB's stock has experienced significant volatility, with a notable increase of 1,100% since its IPO in October 2017, despite a year-to-date decline of nearly 30% [1][3]. Financial Performance - For Q2 of fiscal 2025, MongoDB reported a revenue increase of 13% year-over-year to $463.8 million, surpassing analysts' expectations by $13.9 million [1]. - The adjusted EPS for the same quarter declined by 25% year-over-year to $0.70, but still exceeded the consensus forecast by $0.22 [1]. - For the full fiscal year, MongoDB anticipates revenue growth of 14%-15% and a decline in adjusted EPS of 26%-30%, an improvement from previous forecasts [2]. Business Model and Market Position - MongoDB's platform allows companies to store large amounts of unstructured data in a non-relational database, offering more flexibility compared to traditional relational databases [3]. - The company provides a cloud-based service, Atlas, which supports data analysis through recurring subscriptions and serves over 50,000 customers globally [4]. - Unlike larger cloud providers, MongoDB offers a more flexible integration into various cloud platforms, making it an attractive option for companies using multiple services [5]. Historical Growth Metrics - From fiscal 2018 to fiscal 2024, MongoDB's revenue grew at a compound annual growth rate (CAGR) of 40%, with adjusted gross margins increasing from 72% to 77% and adjusted operating margins improving from negative 49% to positive 16% [6]. - Revenue growth rates have shown a gradual decline, with fiscal 2024 growth at 31%, the slowest since its IPO [7]. Future Outlook - The company expects its adjusted operating margin to decrease to about 10% in fiscal 2025 due to expansion of sales teams and a slowdown in its higher-margin Atlas business [8]. - MongoDB's current stock valuation appears high at 121 times this year's adjusted earnings and 11 times this year's sales, especially as growth rates decline [9]. Stock Dynamics - MongoDB has increased its number of outstanding shares by nearly 50% since its IPO, which may contribute to elevated valuations [10]. - A potential stock split would not fundamentally change the stock's value but could make trading options more accessible [11][12].

NEW YORK, Sept. 03, 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 ...

SAN DIEGO, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of MongoDB, Inc. (NASDAQ: MDB) securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), have until September 9, 2024 to seek appointment as lead plaintiff of the MongoDB class action lawsuit. Captioned Baxter v. MongoDB, Inc., No. 24-cv-05191 (S.D.N.Y.), the MongoDB class action lawsuit charges MongoDB as well as certain of MongoDB's top executives with violations ...

NEW YORK, Sept. 2, 2024 /PRNewswire/ -- Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of MongoDB, Inc. (NASDAQ: MDB) between August 31, 2023 and May 30, 2024, both dates inclusive (the "Class Period"), of the important September 9, 2024 lead plaintiff deadline. So What: If you purchased MongoDB securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. What to do Next: ...

1 1 Michael Vi MongoDB, Inc. (NASDAQ:MDB) stock has been falling sharply over the last months fueled primarily by general skepticism around whether AI will have an actual positive impact on software companies in the near future. In fact, the stock price has plummeted 50% from its February highs, and MDB's peers have experienced a similar fate. However, MongoDB's strong Q2 results and positive guidance revision seem to have proved skeptics wrong, which might be an inflection point for the company. Therefore, ...

NEW YORK, Sept. 01, 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 ...