MongoDB's new business remains unaffected by the macro environment, with strong new customer growth and a low market share in a large market. Existing workload consumption is impacted by macro conditions, but Atlas consumption growth exceeded expectations, contributing to a 13% year-over-year revenue increase. MongoDB's realistic approach to AI highlights long-term opportunities, with AI applications expected to benefit from MongoDB's flexible, scalable, and secure data layer.
MongoDB (MDB) reachead $268.74 at the closing of the latest trading day, reflecting a +1.98% change compared to its last close.
MongoDB CEO and president Dev Ittycheria joins 'Squawk Box' to discuss the origins of the company, transforming the New York City tech landscape, his thoughts on remote work, impact of AI technology, and more.
Cloud-based software stocks were flying high to start the year, but have undergone an extensive correction since the spring.
MDB's prospects improve due to strengthening GenAI and predictive AI applications. However, stretched valuation remains a concern for investors.
LOS ANGELES, CA / ACCESSWIRE / September 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MongoDB, Inc. ("MongoDB" or "the Company") (NASDAQ:MDB) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 9, 2024.
LOS ANGELES, CA / ACCESSWIRE / September 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MongoDB, Inc. ("MongoDB" or "the Company") (NASDAQ:MDB) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 9, 2024.
LOS ANGELES, CA / ACCESSWIRE / September 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MongoDB, Inc. ("MongoDB" or "the Company") (NASDAQ:MDB) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 9, 2024.
LOS ANGELES, CA / ACCESSWIRE / September 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MongoDB, Inc. ("MongoDB" or "the Company") (NASDAQ:MDB) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 9, 2024.
LOS ANGELES, CA / ACCESSWIRE / September 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against MongoDB, Inc. ("MongoDB" or "the Company") (NASDAQ:MDB) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before September 9, 2024.
MDB's multi-cloud approach, innovative technology and strong market position make the stock worth a buy in the near term.
MongoDB, Inc. (NASDAQ:MDB ) Piper Sandler Growth Frontiers Conference September 11, 2024 10:00 AM ET Company Participants Michael Gordon - Chief Operating Officer and Chief Financial Officer Serge Tanjga - Senior Vice President of Finance Conference Call Participants Brent Bracelin - Piper Sandler Brent Bracelin Good morning. Thank you for joining us here.