Why MongoDB Stock Is Down After Its Beat-And-Raise Quarter
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.
MongoDB Stock Brushes Off Upbeat Results
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: On Firmer Footing As Consumption Drives Re-Acceleration (Rating Upgrade)
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.
MDB Surges & Sinks, AI Down Despite Earnings & MSFT Alliance, NCLH Upgrade
MongoDB (MDB) initially popped on earnings but later sold off. Alex Coffey attributes the move from its shift in leadership overshadowing the financial report.
MongoDB Q3: Expect AI Workloads To Set Off Platform Consumption Next Year
MongoDB's Q3 FY25 earnings beat estimates with 22% and 29% revenue and earnings growth respectively, driven by Atlas and large multi-year EA deals, leading to expanded profit margins. Management's strategic initiatives include increasing enterprise investments, accelerating AI-driven legacy app modernization, and capitalizing on AI tech stack with MongoDB 8.0, and expanded partnerships with its MAAP program. Despite a projected Q4 slowdown in Atlas consumption and the CFO's departure, MongoDB's raised FY25 guidance indicates confidence in future revenue and profitability acceleration.
MongoDB Q3 Earnings: Growth Acceleration Could Be On The Horizon, But A Lot Priced In
MongoDB's fiscal Q3 2024 results were strong, but the fiscal Q4 2024 outlook shows a typical seasonal slowdown, raising concerns about Atlas consumption growth. The stock is expensive at 70x next year's non-GAAP operating profits, making it a cautious buy despite recent momentum. Fiscal 2026 revenue growth may reach 20% CAGR, but the current valuation at 71x forward non-GAAP operating profits limits the upside without significant growth surprises.
MongoDB, Inc. (MDB) Q3 2025 Earnings Call Transcript
MongoDB, Inc. (NASDAQ:MDB ) Q3 2025 Earnings Call Transcript December 9, 2024 5:00 PM ET Company Participants Brian Denyeau - IR Dev Ittycheria - President and CEO Michael Gordon - COO and CFO Conference Call Participants Sanjit Singh - Morgan Stanley Tyler Radke - Citi Brad Reback - Stifel Jason Ader - William Blair Andrew Nowinski - Wells Fargo Raimo Lenschow - Barclays Brad Sills - Bank of America Mike Cikos - Needham and Company Eric Heath - KeyBanc William Power - Baird Rudy Kessinger - DA Davidson Operator Good day, and thank you for standing by. Welcome to the MongoDB Third Quarter Fiscal Year 2025 Conference Call.
MongoDB (MDB) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for MongoDB (MDB) give a sense of how the business performed in the quarter ended October 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
MongoDB (MDB) Q3 Earnings and Revenues Top Estimates
MongoDB (MDB) came out with quarterly earnings of $1.16 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.96 per share a year ago.
MongoDB raises annual forecasts on increased service usage
MongoDB on Monday raised its forecasts for annual revenue and profit for the second time this year as the software company expects strong growth in the usage of Atlas, its service that helps clients manage their databases on the cloud.
MongoDB rallies on upbeat forecast, helped by momentum from new business
Shares of MongoDB Inc. jumped after hours on Thursday after the data development, storage and management platform raised its full-year outlook, as it attracts new business and invests in upgrades and artificial intelligence.
MongoDB Stock Surges On Big Earnings Beat For Database Software Player
MongoDB stock jumped higher on Q3 earnings that easily beat expectations, powered by a 22% jump in sales. The post MongoDB Stock Surges On Big Earnings Beat For Database Software Player appeared first on Investor's Business Daily.
