The U.S. stock market posted a stellar performance in 2024, with the benchmark S&P 500 index reaching an all-time high closing value of 6,090.27 on Dec. 6.
MongoDB, Inc. (NASDAQ:MDB ) Barclays 22nd Annual Global Technology Conference December 11, 2024 12:15 PM ET Company Participants Dev Ittycheria - President & CEO Michael Gordon - COO & CFO Conference Call Participants Raimo Lenschow - Barclays Raimo Lenschow Welcome to our next section. Great to have -- the two of you on stage.
Shares of MongoDB, Inc. MDB are up marginally on Wednesday. This follows Tuesday's selloff of almost 17%.
MongoDB's NASDAQ: MDB share price slipped following the FQ3 release, which provided a classic dip buying opportunity. A business contraction didn't cause the move, lack of growth, or weakness in the results of any kind, but rather, it was caused by the departure of long-time CFO Michael Gordon.
MongoDB Inc MDB shares are down on Tuesday, despite the company reporting upbeat third-quarter results.
Ultramodern database software specialist MongoDB (MDB -14.57%) had a bad market day on Tuesday. The stock was down 13.9% at 11:45 a.m.
MongoDB is struggling to set itself apart from rivals in the database software sphere.
Dev Ittycheria, MongoDB CEO, joins 'Money Movers' to discuss the company's quarterly earnings results, any change in consumption growth patterns, and much more.
MongoDB stock is spiraling Tuesday even after the tech company disclosed higher-than-expected Q3 earnings and raised its full-year outlook. Here's why.
Shares of MongoDB Inc (NASDAQ:MDB) were last seen down 10.3% at $314.10, pulling back from their premarket surge despite the software company's better-than-expected third-quarter results and full-year revenue forecast.
MongoDB delivered incredibly strong Q3 results, driven by improving consumption trends in its Atlas cloud database. Revenue growth accelerated 9 points sequentially to 22% y/y, putting MongoDB back in "Rule of 40" territory. I'm upgrading MongoDB back up to a neutral rating, but watch out for lower new-customer acquisition trends and MongoDB's rich valuation at ~11x forward revenue.
MongoDB (MDB) initially popped on earnings but later sold off. Alex Coffey attributes the move from its shift in leadership overshadowing the financial report.