MongoDB Inc is a leading provider of modern database solutions that enable organizations to harness the power of data more effectively
The company is renowned for its open-source, document-based database platform, which allows developers to build, scale, and manage applications with unmatched flexibility and efficiency. By offering cloud-based database services alongside on-premise solutions, MongoDB empowers businesses to seamlessly process large volumes of data, optimize performance, and accelerate application development. The company caters to a wide range of industries, helping clients unlock the full potential of their data in today’s fast-paced digital environment.
Shares of database software company MongoDB (MDB)
fell 24.6% in the afternoon session after the company reported weak fourth quarter (fiscal 2025) results: its full-year revenue and EPS guidance fell short of Wall Street's estimates. The company's guidance suggests a slowdown in non-Atlas revenue.
Despite a strong Q4, what tanked the stock in after-hours trade was MongoDB’s guidance for fiscal year 2025. The company also announced a $200 million share buyback plan.
All three major indices remain in the red midday Thursday, after trimming earlier losses which saw the Dow Jones down more than 600 points at session lows. The major averages lost more than 2% this week as U.S.
Database software company MongoDB (MDB) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.7% year on year to $548.4 million. The company expects next quarter’s revenue to be around $526.5 million, close to analysts’ estimates. Its non-GAAP profit of $1.28 per share was 91.1% above analysts’ consensus estimates.
As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.
David Kostin, the Chief U.S. Equity Strategist of Goldman Sachs (NYSEGS), has revised his earnings growth forecast, citing a weaker economic outlook, and highlighted a shift in market trends.
Mongodb Inc to report Q4 earnings on Wed, with Wall Street expecting 66 cents EPS and $519.60 million revenue. Stock down 37.60% in past year, up 3.31% YTD.
The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points.
