In the closing of the recent trading day, MongoDB (MDB) stood at $366.49, denoting a +2.86% move from the preceding trading day.
MDB's growing large-enterprise customer base is driving Atlas consumption, higher recurring revenues and broader adoption of AI-powered database capabilities.
MDB's shares are down 11.1% YTD, but strong Atlas growth, expanding AI capabilities and rising earnings estimates make the pullback a buying opportunity.
| Transportation Infrastructure Industry | Industrials Sector | Chirantan Jitendra Desai CEO | XMUN Exchange | US60937P1066 ISIN |
| US Country | 5,783 Employees | - Last Dividend | - Last Split | 19 Oct 2017 IPO Date |
MongoDB, Inc. operates on a global scale, offering a versatile database platform designed to cater to various applications across numerous industries. Originally known as 10gen, Inc., the company underwent a name change to MongoDB, Inc. in August 2013, marking a significant shift in its branding and focus towards its core product, MongoDB. Since its inception in 2007, it has established its headquarters in New York, New York, growing into a leader in the database technology space. MongoDB, Inc. extends its offerings through both direct offerings and a network of subsidiaries, aiming to meet the expanding needs of developers, enterprises, and service providers by delivering innovative database solutions.
MongoDB, Inc.'s product lineup is designed to cater to a wide range of database management needs, spanning from free community versions to comprehensive, enterprise-focused solutions.