Why MongoDB Stock Tumbled 19.9% in March [Yahoo! Finance]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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Source: Yahoo! Finance
While MongoDB's fourth-quarter results beat expectations across the board, the company's guidance left a lot to be desired. A major slowdown is coming MongoDB grew revenue by 27% year over year in the fourth quarter of fiscal 2024. Atlas, the company's managed database product, saw revenue expand by 34%. For the full year, total revenue grew by 31%. Fiscal 2025, which kicked off on Feb. 1, is going to look very different. MongoDB's outlook calls for revenue between $1.90 billion and $1.93 billion, up just 14% from fiscal 2024. The consensus analyst estimate called for full-year revenue of $2.03 billion. MongoDB expects revenue coming from non-Atlas products to decline in fiscal 2025 for two reasons. First, the company has changed its sales incentives to de-emphasize upfront commitments. The result of this shift is that revenue related to unused commitments will drop to nearly zero this year from $40 million in fiscal 2024. Second, MongoDB got another $40 million revenue boos
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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