MongoDB, Inc. (NASDAQ:MDB ) 44th Annual William Blair Growth Stock Conference June 5, 2024 5:40 PM ET Company Participants Michael Gordon - CFO & COO Serge Tanjga - SVP Finance Conference Call Participants Jason Ader - William Blair Jason Ader With that said, I'm Jason Ader with William Blair. Very pleased to have Michael Gordon, COO and CFO of MongoDB; and Serge Tanjga, SVP of Finance.
MongoDB's guidance disappointed. The company cited macroeconomic concerns and customers pulling back on growth.
MongoDB stock crashed last week after the database company provided a lackluster outlook. The company sees AI as an opportunity to win workloads being modernized, but it may not have any real advantage over the competition.
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.
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.
MongoDB beat estimates in Q1 but its growth slowed meaningfully. Guidance for both the second quarter and full year was underwhelming.
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.