MongoDB Inc. (MDB)
MongoDB Names Cloudflare Executive CJ Desai as President and CEO
Database company MongoDB announced Monday (Nov. 3) that Dev Ittycheria will retire as president and CEO after leading the company for 11 years. Ittycheria will be succeeded in those roles by Chirantan “CJ” Desai, who most recently served as president of product and engineering at Cloudflare, MongoDB said in a Monday press release.
MongoDB CEO Dev Ittycheria steps down, replaced by Cloudflare executive CJ Desai
Dev Ittycheria, who took MongoDB public in 2017, is stepping down as CEO. He's being replaced by Cloudflare executive Chirantan "CJ" Desai, effective Nov. 10.
MongoDB: It's No Trick, This AI Play Is a Treat
MongoDB NASDAQ: MDB was on track to end October as the Most Upgraded stock, as tracked by MarketBeat. The only reason it didn't is that Alphabet reported its earnings on Oct. 30, outperforming the consensus, providing solid guidance, and sparking a round of bullish analyst revisions.
MongoDB, Inc. - Special Call
MongoDB, Inc. - Special Call Company Participants Dev Ittycheria - President, CEO & Director Melissa Plunkett Frank Liu Apoorva Joshi Shilpa Kolhar Michael Berry - Chief Financial Officer Jim Scharf - Chief Technology Officer Fred Roma May Petry - Chief Marketing Officer Conference Call Participants Brian Schmidt Upendra Kulkarni Jon Fortt Tengyu Ma Thomas Valletta Scott Mooney Steven Poitras Sudheesh Nair Shaun Roberts Howard Ma - Guggenheim Securities, LLC, Research Division Jason Ader - William Blair & Company L.L.C., Research Division Rishi Jaluria - RBC Capital Markets, Research Division Sanjit Singh - Morgan Stanley, Research Division Matthew Martino - Goldman Sachs Group, Inc., Research Division William Miller Jump - Truist Securities, Inc., Research Division William Power - Robert W.
Is MongoDB The Next Big AI Software Winner? Atlas Growth Signals Inflection
MongoDB is finally benefiting from the AI software adoption cycle, with its Atlas cloud product seeing strong demand from AI-native startups. Atlas posted 29% year-over-year revenue growth, but overall revenue guidance is tempered by a decline in non-Atlas, on-premise business. The market reacted positively, with shares up 38% after the report (plus more), recognizing the shift toward cloud and AI despite headline guidance appearing soft.
Can MongoDB's Atlas Momentum Drive Upside in Subscription Revenues?
With rising enterprise adoption and deeper workloads, MDB's Atlas is strengthening its grip as a core growth engine.
MongoDB and Snowflake Lead Tech Rally as Wall Street Slips
Headed into the Labor Day weekend, the CE 100 Index managed to post a 0.5% gain, in contrast to the slides seen across all broader benchmarks such as the Nasdaq and the S&P 500. The Enablers segment proved to be the leader this past week, as the pillar rose 4.1%.
'AI may eat software,' but several tech names just wrapped a huge week
MongoDB, Pure Storage and Snowflake all touted artificial intelligence in earnings reports this week. The stocks notched big gains as investors started seeing the benefits of AI moving further downstream in technology.
MongoDB rallies as AI apps fuel demand for Atlas cloud database
Shares of MongoDB surged about 31% on Wednesday after the database software firm said its Atlas cloud service was seeing increasing usage as more customers build AI applications on the platform.
MongoDB: Up 30% Is MDB Stock Still A Buy?
MongoDB (NASDAQ: MDB), a leading database management provider, recently reported strong Q2 results that surpassed analyst expectations. The company also increased its full-year earnings forecast by 22% at the midpoint of its guidance range.
MongoDB Q2 FY2025 Earnings Call Transcipt
MongoDB, Inc. MDB released its second-quarter financial results after Tuesday's closing bell.
JPMorgan Agrees to Pay $330M to Resolve 1MDB AML Allegations
JPM is set to pay $330M to settle a Malaysian lawsuit over 1MDB-linked money laundering claims, without admitting liability.
