MongoDB (MDB) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 45.83%. A quarter ago, it was expected that this database platform would post earnings of $0.38 per share when it actually produced earnings of $0.51, delivering a surprise of 34.21%. Over the last four quarters, the compan ...

SAN DIEGO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The law firm of 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 ...

Core Insights - MongoDB shares surged by up to 16% in after-hours trading following strong fiscal Q2 earnings and an increase in full-year guidance [1] - The company reported adjusted earnings per share of 70 cents, exceeding the expected 49 cents, and revenue of $478.1 million, surpassing the forecast of $464.1 million [1] - Year-over-year revenue growth for the quarter ending July 31 was 13%, although the net loss increased to $54.5 million from $37.6 million in the same quarter last year [1] Financial Performance - Fiscal Q2 adjusted earnings per share: 70 cents vs. expected 49 cents [1] - Revenue for Q2: $478.1 million vs. expected $464.1 million [1] - Year-over-year revenue growth: 13% [1] - Net loss for Q2: $54.5 million (74 cents per share) compared to $37.6 million (53 cents per share) in the previous year [1] Future Guidance - For fiscal Q3, MongoDB expects adjusted earnings of 65 to 68 cents per share and revenue between $493.0 million and $497.0 million, exceeding analyst expectations of 60 cents and $478.8 million [3] - The fiscal 2025 forecast has been raised to adjusted earnings of $2.33 to $2.47 per share and revenue of $1.92 billion to $1.93 billion, up from previous guidance of $2.15 to $2.30 per share and $1.88 billion to $1.90 billion [4] - Analysts had predicted adjusted earnings of $2.26 per share and revenue of $1.90 billion for fiscal 2025 [4] Market Context - Excluding after-hours trading, MongoDB shares were down nearly 40% year-to-date, while the S&P 500 index gained 17% during the same period [5]

Second Quarter Fiscal 2025 Total Revenue of $478.1 million, up 13% Year-over-Year Continued Strong Customer Growth with Over 50,700 Customers as of July 31, 2024 MongoDB Atlas Revenue up 27% Year-over-Year; 71% of Total Q2 Revenue NEW YORK, Aug. 29, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2024. "MongoDB delivered healthy second quarter results, highlighted by strong new workload acquisition and better-than-expected Atlas co ...

RADNOR, Pa., Aug. 29, 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 pl ...

NEW YORK, Aug. 29, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of MongoDB, Inc. (NASDAQ: MDB). Shareholders who purchased shares of MDB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/mongodb-inc-loss-submission-form/?id=98707&from=4 CLASS PERIOD: August 31, 2023 to May 30, ...

NEW YORK, Aug. 28, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that it will present at three upcoming conferences: the Citi 2024 Global TMT Conference in New York, NY, the Goldman Sachs Communacopia + Technology Conference in San Francisco, CA, and the Piper Sandler Growth Frontiers Conference in Nashville, TN. Michael Gordon, Chief Operating Officer and Chief Financial Officer, and Serge Tanjga, Senior Vice President of Finance, will present at the Citi Conference on Wednesday, Septemb ...

MongoDB Inc MDB will be reporting its second-quarter earnings on Thursday. Wall Street expects 49 cents in EPS and $464.046 million in revenues as the company reports after market hours. The stock is down 34% over the past year and 39% YTD. Let's look at what the charts indicate for MondoDB stock and how the stock currently maps against Wall Street estimates. MongoDB Stock Chart Shows Sustained Selling Pressure Ahead Of Q2 Earnings MongoDB (MDB) is exhibiting a strong bearish trend, with its current share p ...

NEW YORK, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in MongoDB, Inc. ("MongoDB" or the "Company") (NASDAQ: MDB) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of MongoDB investors who were adversely affected by alleged securities fraud between August 31, 2023 and May 30, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/mongodb-inc-lawsuit-submission-for ...

NEW YORK, Aug. 28, 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 asser ...