Shares of MongoDB Inc (NASDAQ:MDB) and Zscaler Inc (NASDAQ:ZS) are having vastly different post-earnings reactions.
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 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.
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 (MDB) shares plunged more than 20% in premarket trading Friday as soft guidance offset stronger-than-expected quarterly results.
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) 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 Inc. took a cautious tone in discussing the year ahead, which is weighing heavily on its stock in Thursday's extended session.
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.
CEO Dev Ittycheria said that the cloud-based database software company is off to a slower-than-expected start to the year for both new customer wins and for consumption growth.
MongoDB's (MDB) first-quarter fiscal 2025 performance is likely to have reflected an increase in direct sales customers, fueled by its intensifying strategic partnerships with major cloud providers.
Besides Wall Street's top -and-bottom-line estimates for MongoDB (MDB), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended April 2024.