MongoDB: Ongoing Demand Headwinds [Seeking Alpha]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.mongodb.com/investor-relations
Company Research
Source: Seeking Alpha
The company is expanding its platform, increasing its addressable market, and strengthening its competitive position. Soft growth and increased investments in 2024 leave the stock vulnerable to further declines, particularly if the broader market weakens. MongoDB ( NASDAQ: MDB ) is a top-tier SaaS company in terms of competitive positioning and efficiency/potential profitability. The company is facing a relatively soft demand environment though, which continues to weigh on growth. Beyond these near-term headwinds, MongoDB is expanding the functionality of its platform, increasing its addressable market, and strengthening its competitive position. I previously suggested that accounting requirements for Enterprise Advanced revenue would likely put FY2024 revenue growth in the mid-teens, making the stock expensive. The stock is down around 15% since then and management has guided to 14% growth in FY24. While the stock has pulled back in recent weeks, it is still fairly expensive c
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High impacting MongoDB, Inc. - Class A news events
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MDB
News
- MongoDB, Inc. (NASDAQ: MDB) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $465.00 price target on the stock.MarketBeat
- After a Long Stretch of Darkness, the Bay Bridge Lights Are Returning [The New York Times]The New York Times
- MongoDB Announces New Capabilities for MongoDB Atlas to Streamline Building Modern Applications [Yahoo! Finance]Yahoo! Finance
- MongoDB and Google Cloud Collaborate to Optimize Gemini Code Assist for Developers Building Applications on MongoDB [Yahoo! Finance]Yahoo! Finance
- MongoDB Announces General Availability of MongoDB Atlas Vector Search Integration with Amazon Bedrock [Yahoo! Finance]Yahoo! Finance
MDB
Earnings
- 3/7/24 - Beat
MDB
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 144
- 5/1/24 - Form 144
- MDB's page on the SEC website