NEW YORK, April 18, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that it will host an investor session at MongoDB.local in New York City. The day will begin at 10:00 a.m. ET on Thursday, May 2nd with MongoDB.local keynote presentations from Dev Ittycheria, MongoDB's President & CEO, and Sahir Azam, MongoDB's Chief Product Officer. The investor session, hosted by MongoDB's executive team, will follow from 11:45 a.m. – 2:45 p.m. ET. Investors interested in attending in-person in New York C ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about MongoDB (MDB) .MongoDB currently has an average brokerage recomme ...

A lackluster outlook spooked investors.Shares of database software provider MongoDB (MDB -2.30%) are still up big since bottoming out in late 2022, but the stock got a reality check in March. While MongoDB's fourth-quarter results beat expectations across the board, the company's guidance left a lot to be desired.A major slowdown is comingMongoDB grew revenue by 27% year over year in the fourth quarter of fiscal 2024. Atlas, the company's managed database product, saw revenue expand by 34%. For the full yea ...

Key PointsTech results were mixed for Q4, with many outperforming but offering light guidance that caused their markets to implode.Over-eager analysts and hopeful investors overran reality, leading to the market downturn, but the long-term outlook is still robust.Tech stock markets have been reset and are now set up to move higher and may sustain rallies through 2025. 5 stocks we like better than Palo Alto NetworksThe Q1 reporting season brought mixed results from tech stocks for Q4. The ultimate takeaway i ...

Michael Vi I discussed my bullish view on MongoDB (NASDAQ:MDB) stock in my initiation article, highlighting their strengths in the document-based database market. They released their Q4 FY24 result on March 7th, delivering 27% revenue growth and 86.1% adjusted operating profit growth. I am still confident that MongoDB will deliver above 20% revenue growth over the next few years. I reiterate the ‘Strong Buy’ rating with a fair value of $475 per share. Healthy Atlas Consumption Growth As highlighted in m ...

NEW YORK--(BUSINESS WIRE)--AlleyCorp, a New York-based venture capital firm that incubates and invests in transformative companies, today announced its inaugural pitch competition, Peerless, to support and elevate exceptional early-stage founders. In partnership with Management Leadership for Tomorrow (MLT), a national nonprofit focused on equipping and emboldening high-achieving individuals from underrepresented communities—Black, Latine, and Native American—the competition will aim to support early-stage ...

MongoDB ((MDB) is a $27 billion provider of datacenter solutions and is a key alternative to AWS and Azure because developers seem to love the platform.Mongo has established itself as the clear next-generation, NoSQL, general purpose database leader with over $2B of annualized revenue growing at 20%+ and its core Atlas product growing high double-digits. Based on its large total addressable market, their growing platform capabilities position MongoDB for strong growth for many years.But despite a big earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________ FORM 10-K _____________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38240 _____________________ MONGODB, INC. (Exact name of registrant as specified in its cha ...

MongoDB (MDB) reported fourth-quarter fiscal 2024 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate by 86.96% and increased 50.9% year over year.Revenues of $457.5 million jumped 26.6% year over year and surpassed the consensus mark by 6.02%.MongoDB’s subscription revenues accounted for 97.1% of revenues and totaled $444.3 million, up 27.6% year over year. Services revenues declined 0.5% year over year to $13.1 million, contributing 2.9% to revenues.Increased User BaseMongoDB ...

Key PointsMongoDB had a solid quarter, with growth sustaining above 25% for another quarter, but guidance was weak.MongoDB Atlas is gaining traction and has grown to 68% of revenue. Analysts are resetting their targets but remain bullish and see a 15% upside at the consensus. 5 stocks we like better than AdobeResults from MongoDB NASDAQ: MDB and GitLab NASDAQ: GTLB suggest a bubble is bursting in the AI market that could impact names like Oracle NYSE: ORCL, Adobe NASDAQ: ADBE, and Microsoft NASDAQ: MSFT. Ho ...