MongoDB, Inc. (MDB) Baird 2024 Global Consumer, Technology & Services Conference (Transcript)
MongoDB, Inc. (NASDAQ:MDB ) Baird 2024 Global Consumer, Technology & Services Conference June 4, 2024 1:25 PM ET Company Participants Michael Gordon - Chief Financial Officer, Chief Operating Officer Serge Tanjga - Senior Vice President, Finance Conference Call Participants Will Power - Baird Will Power All right. We're going to go ahead and get started.
Compared to Estimates, MongoDB (MDB) Q1 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for MongoDB (MDB) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Why MongoDB Stock Plunged Today
MongoDB beat estimates in Q1 but its growth slowed meaningfully. Guidance for both the second quarter and full year was underwhelming.
2 Tech Stocks Making Big Post-Earnings Moves
Shares of MongoDB Inc (NASDAQ:MDB) and Zscaler Inc (NASDAQ:ZS) are having vastly different post-earnings reactions.
MongoDB (MDB) Q1 Earnings Beat Estimates, Revenues Jump Y/Y
MongoDB's (MDB) first-quarter fiscal 2025 results reflect steady user growth, fueled by the robust uptake of Atlas.
AI Is Booming, But Not For These Stocks
AI is booming, but not for stocks like MongoDB NASDAQ: MDB, UiPath NYSE: PATH, and Dell Technologies NYSE: DELL, which are all thought to be well-positioned for the industry. The caveat is that AI is dominated by a few mega-cap tech companies, which are seeing the most gains.
Why Is MongoDB (MDB) Stock Down 24% Today?
MongoDB (NASDAQ: MDB ) stock is falling on Friday after the general-purpose database platform operator cuts its guidance in its first quarter of fiscal 2025. The bad news for MDB stock starts with the company's adjusted earnings per share guidance of 46 cents to 49 cents per share for Q2.
MongoDB Stock Plunges On Weak Guidance—Watch This Key Chart Level
MongoDB (MDB) shares plunged more than 20% in premarket trading Friday as soft guidance offset stronger-than-expected quarterly results.
MongoDB, Inc. (MDB) Q1 2025 Earnings Call Transcript
MongoDB, Inc. (NASDAQ:MDB ) Q1 2025 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Brian Denyeau - IR, ICR Dev Ittycheria - President and CEO Michael Gordon - COO and CFO Conference Call Participants Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Brad Reback - Stifel Kash Rangan - Goldman Sachs Karl Keirstead - UBS Brad Sills - Bank of America Tyler Radke - Citi Mike Cikos - Needham Brent Bracelin - Piper Sandler William Power - Baird Joe Vandrick - Scotiabank Operator Good day and thank you for standing by. Welcome to the MongoDB's First Quarter Fiscal Year 2025 Earnings Call.
MongoDB (MDB) Q1 Earnings and Revenues Surpass Estimates
MongoDB (MDB) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.56 per share a year ago.
MongoDB's stock set to tumble by a quarter as management voices caution
MongoDB Inc. took a cautious tone in discussing the year ahead, which is weighing heavily on its stock in Thursday's extended session.
MongoDB shares sink 23% after management trims guidance
Slower than expected consumption growth in the April quarter pushed MongoDB executives to lower their fiscal 2025 forecast, which trailed expectations. Year-over-year revenue growth slowed for the third consecutive quarter.
