CNBCยท2025-08-03 12:53Core Insights - This earnings season, several companies are showcasing resilience by achieving solid performance despite macroeconomic challenges and tariff uncertainties [1] Group 1: MongoDB - MongoDB (MDB) reported strong first-quarter results for fiscal 2026, with BMO Capital initiating coverage with a buy rating and a price target of $280 [3][6] - The database market exceeds $100 billion annually, with MongoDB being a leader in the non-relational database segment, which is growing at approximately 20% year over year [4] - Analyst expectations indicate that MongoDB's cloud-based offering, Atlas, will sustain low- to mid-20% growth through fiscal 2027, with overall growth projected in the mid- to high-teens for fiscal 2027 [6] Group 2: ServiceNow - ServiceNow (NOW) exceeded second-quarter expectations and raised its full-year outlook, driven by increasing AI adoption, prompting TD Cowen to reaffirm a buy rating and raise the price target to $1,200 [8][12] - The company achieved a 21.5% growth in current remaining performing obligations, attributed to early renewals and AI strength in the enterprise business [9] - ServiceNow's generative AI suite, NOW Assist, has shown better-than-expected performance, indicating strong demand and deal sizes [11] Group 3: Varonis Systems - Varonis Systems (VRNS) reported solid second-quarter results for 2025, leading Baird to raise the price target to $63 while maintaining a buy rating [14] - The company achieved a "clean beat/raise" across key metrics, including annual recurring revenue (ARR) and subscription revenue, with improved full-year ARR guidance [15][16] - SaaS ARR represented approximately 69% of overall Q2 ARR, up from 61% in Q1, with expectations to reach an 82% SaaS ARR mix by the end of 2025 [17]