MongoDB

Headquartered in New York, MongoDB, Inc. (NASDAQ: MDB)  ‘s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, our developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses.

MongoDB, Inc. (MDB) 44th Annual William Blair Growth Stock Conference (Transcript)

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. Regulars at this conference now. I appreciate it. Michael Gordon Yes. Great to be here. Thanks for having us. Jason Ader Before we begin, I’m required to inform you that a complete list of research disclosures, potential conflicts of interest is available on our website at williamblair.com. And we’re just going to do a fireside chat format here. And hopefully, we’ll have some time at the end for Q&A. But like I said, at 5:10, we’ll cut the webcast, and then, we’ll have a little […]

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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 OfficerSerge Tanjga – Senior Vice President, Finance Conference Call Participants Will Power – Baird Will Power All right. We’re going to go ahead and get started. Thanks, everybody, for attending. Good afternoon. My name is Will Power. I cover cloud software for Baird. It’s my great pleasure to have MongoDB here. MongoDB, as many of you all know, is really a leader in next-generation databases. From the Company, we have Michael Gordon, who is the Chief Financial Officer, COO; and Serge Tanjga, who is the Senior Vice President of Finance. So, thanks so much for being here. Michael Gordon Thanks for having us. Serge Tanjga Thank you for having us. Will Power Yes Michael, maybe just for the sake of the audience, just

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MongoDB Earnings Outlook Disappoints. These Analysts Say Buy the Dip. — Barrons.com

Karishma Vanjani MongoDB’s stock was down after its earnings release as the data service provider shared a disappointing revenue and profit forecast. Many on Wall Street think it’s time to buy more of the stock. MongoDB, founded in 2007, offers cloud-based database products widely used by developers to create applications. The pandemic accelerated MongoDB’s growth as businesses increasingly moved to the cloud. Shares soared 173% in 2020. This year, the stock is up 0.8%. Late Thursday, the company said for the full fiscal year ending in January 2025, revenue could be between $1.9 billion and $1.93 billion and profits between $2.27 and $2.49 a share, short of the consensus for $2.04 billion in revenue and $3.27 a share in profits. The stock is down 2.6% at $491.26 at 10:05 a.m. It was down 8.6% in premarket trading on Friday. Datadog, another cloud-related stock, had gained 1.1%. The financial impact is

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MongoDB May Surprise ‘If History Is Any Indication,’ RBC Says

MongoDB (MDB) may be conservative with its forward guidance, RBC Capital Markets said Friday, but sees plenty of upside for the database company on growth and margin. MongoDB late Thursday forecast revenue growth in a range of 13% to 15% for its current fiscal year that began Feb. 1. The guidance lagged consensus views of 22% increase, weighing on MongoDB shares during extended hours Thursday and regular trading Friday. However, the company’s Q4 reported revenue topped estimates and may be poised to do it again. “We see plenty of levers to upside on both growth and margins, suggesting a similar level of conservatism baked into guidance as years past,” the investment firm said. RBC maintained its outperform rating for MongoDB with a $475 price target. MongoDB shares were 6% lower in recent trading.

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MongoDB’s Concerns About Outlook Despite Strong Q4 Results: Analysts Revise Forecasts

MongoDB Inc (NASDAQ:MDB) shares were down on Friday after the company reported its fourth-quarter results and issued weak guidance. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. DA Davidson On MongoDB Analyst Rudy Kessinger upgraded the rating from Neutral to Buy, while raising the price target from $405 to $430. Although MongoDB reported strong fourth-quarter results, its shares slid on disappointing fiscal 2025 guidance, which projected growth of 13%-15% and operating margins of around 10%, missing the consensus estimate of 22% and 14%, respectively, Kessinger said in the upgrade note. “Rev will face a $80M headwind in FY25 from multi-year term licenses ($40M) & unused Atlas commitments ($40M) that will not repeat,” the analyst stated. “This is very high GM Rev that is not repeating, and when combined with accelerated hiring, OMs will take a step back from 16% in FY24,” he

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MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results

MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results PR Newswire NEW YORK, March 7, 2024 Fourth Quarter Fiscal 2024 Total Revenue of $458.0 million, up 27% Year-over-Year Full Year Fiscal 2024 Total Revenue of $1.68 billion, up 31% Year-over-Year Continued Strong Customer Growth with Over 47,800 Customers as of January 31, 2024 MongoDB Atlas Revenue up 34% Year-over-Year; 68% of Total Q4 Revenue NEW YORK, March 7, 2024 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the fourth quarter and fiscal year ended January 31, 2024. “MongoDB finished fiscal 2024 on a strong note, highlighted by 34% Atlas revenue growth and operating margin improvement of nearly five percentage points year-over-year. We continue to see healthy new workload wins as MongoDB’s developer data platform increasingly becomes the standard for modern application development,” said Dev Ittycheria, President and Chief Executive Officer of MongoDB. “As

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