|Bid||151.70 x 1300|
|Ask||152.65 x 900|
|Day's Range||147.58 - 154.62|
|52 Week Range||32.35 - 154.74|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||126.23|
A blowout quarter shows that Amazon's influence on MongoDB's future isn't nearly as big as skeptics would like to believe.
Smartsheet (SMAR) fourth-quarter fiscal 2019 results benefit from portfolio strength and customer wins but increasing expenses remain an overhang.
Two companies report earnings and one insider spends $4.3 million on Activision Blizzard stock.
MongoDB, Inc. (MDB), the leading modern, general purpose database platform, today announced it was named a Leader by Forrester Research in its report, The Forrester Wave™: Big Data NoSQL 2019. MongoDB received the highest scores possible in 21 of the 26 criteria evaluated, including Data Security, Performance, Scalability, High Availability, Global Distribution and Ability to Execute.
Say hello to MongoDB (NASDAQ:MDB). The company behind the world's most used modern database platform went public in late 2017 at a price of $24 per share. MDB stock popped on its first day on Wall Street, and it's been nothing but up, up, and away since then.Source: Shutterstock Most recently, MongoDB reported monster fourth quarter numbers which smashed analyst estimates and included above consensus revenue and profit guides for both next quarter and next year. MDB soared more than 25% in response to all time highs in excess of $130. That means the stock has risen by more than five-fold over the past year and a half.Is this rally sustainable? Or is MDB stock just in a prolonged Wall Street honeymoon phase that's due to end soon?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% I think the former. In the big picture, MongoDB is a monster growth company with a unique, interesting, and necessary solution aimed at disrupting the multi-billion dollar software database market.Secular trends are favorable, the company is growing rapidly, the market opportunity is huge, gross margins are high, the business model is attractive, and the long term profit potential is enormous.All in all, MongoDB has all the characteristics of a monster growth stock. The only question, then, is valuation. At $130, the valuation is not stretched enough to unhinge this rally or detract from the long term bull thesis. As such, I think this stock will keep rallying for the foreseeable future, and that any and all big dips should be seen as buying opportunities into a really strong stock. The Fundamentals Are Very StrongMongoDB is a very technical company. Specifically, MongoDB is a general purpose, distributed database platform that combines non-relational and relational database architectures to improve performance, scalability, flexibility, and reliability of software databases.That's a mouthful. But, the idea isn't too hard to understand.Essentially, at the heart of every software application is a database, which is used to store, organize, and process data. Traditionally, these databases were relational, or row-based, since old school data was almost always structured in a row-column manner.Recently, though, technological advancements and a boom in data volume have created a surge in the amount of non-relational, or document-based, data in the world. Companies need to store, organize, and process this data, too, but relational databases have shortcomings in doing so.Thus, over the past several years, there has been a surge in NoSQL, or non-relational, databases. MongoDB is one of these databases. But, the platform is unique in that it takes the best parts of relational databases, combines them with the reduced rigidity inherent to non-relational databases, and delivers a hybrid database platform built for the modern world.Beyond this core narrative, there are a few trends working in MongoDB's favor. First, every company is becoming a tech company, and deploying software applications. Second, every company is starting to use data in increasing frequency to make business decisions. Third, most companies are pivoting to the cloud, a transition that forces them to re-evaluate their database platforms.Given all this, it should be no surprise that MongoDB is growing by leaps and bounds. The customer base grew by 130% last year, and those customers are increasingly spending big money on the platform. Revenue growth has been running in the 50%-plus range for several consecutive quarters.Yet, revenues are still expected at just $370 million next year. The global software database market is nearing $60 billion. Thus, so long as MongoDB continues to win share through its hybrid-derived advantages, this company will remain on a big growth trajectory. Valuation Is Stretched, but Not Too MuchGiven the company's robust fundamental growth narrative and secular tailwinds, it's fair to say at this point in time that MongoDB projects as a big growth company for the foreseeable future. Big growth companies are usually accompanied by high flying stocks, so long as the valuation remains reasonable. Thus, the question of where MDB stock goes next hinges on valuation.Right now, the valuation on MDB is stretched. The company now has a $7 billion market cap. Sales next year are expected around $370 million. That means MDB stock is trading at nearly 20-times forward sales.That's a big multiple. Even for a hyper-growth software company. Two of my favorite hyper-growth software stocks, Shopify (NYSE:SHOP) and The Trade Desk (NASDAQ:TTD), trade at 15-times forward sales, and those sales multiples are about as big as it gets in this sector. Consequently, it's fair to say that the valuation on MDB is stretched here and now, but I don't think it is fundamentally unsupported.If you take a long term view on MDB, it's easy to see that this company projects as 20%-plus revenue grower for the next decade-plus as increasing data volume and variety amplify the need for hybrid database platforms. Gross margins are sky high above 70%. Opex rates are falling with scale, and could reasonably trend towards 40-50%.As such, at scale, this will be a multi-billion dollar revenue company with 20%-plus operating margins. Under those assumptions, my modeling suggests that this could one day be a billion dollar profit company. Based on a software average 30 forward multiple, that equates to a $30 billion market cap one day.In other words, MDB has lot of runway left. So long as the numbers remain strong and support the long term bull thesis, the stock will remain on a winning trajectory. Bottom Line on MDB StockI wouldn't chase the rally in MDB stock here. But, this is a monster growth stock supported by very strong secular tailwinds and robust growth rates. Thus, any big pullback from all time highs should be viewed as a long term buying opportunity.As of this writing, Luke Lango was long SHOP and TTD, and may initiate a long position in MDB within the next 72 hours. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields Compare Brokers The post MongoDB Has Monster Potential and There's Still Time to Grab MDB Stock appeared first on InvestorPlace.
The balance of power in the database market is shifting quickly. Mongo's database-as-a-service offering is now growing revenue at more than 400% per year.
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like MongoDB, Inc. (NASDAQ:MDB), with a market cap of US$7.1b, are often out of the spotlight.Read More...
MongoDB earnings for the company's fiscal fourth quarter of 2019 have MDB stock flying high on Thursday.Source: Shutterstock MongoDB (NASDAQ:MDB) starts off the earnings report for its fiscal fourth quarter of 2019 with losses per share of 26 cents. This is an improvement over the company's losses per share of 40 cents from the same time last year. It was also a boon to MDB stock by beating out Wall Street's losses per share estimate of 38 cents for the quarter.Net loss reported in the MongoDB earnings release for the company's fiscal fourth quarter of the year was $27.10 million. This is a slightly larger net loss than the $26.40 million that was reported in its fiscal fourth quarter of 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe MongoDB earnings report for its fiscal fourth quarter of 2019 also includes an operating loss of $28.70 million. The cloud storage company reported an operating loss of $27.30 million for the same period of the year prior.The most recent MongoDB earnings report also has the company reporting revenue of $83.10 million. This is an 85% increase over the company's revenue from its fiscal fourth quarter of the previous year. It was also good news for MDB stock by coming in above analysts' revenue estimate of $74.00 million for the period. * 7 Winning High-Yield Dividend Stocks With Payouts Over 5% The MongoDB earnings report for its fiscal fourth quarter of 2019 also includes its outlook for fiscal 2020. The company is expecting losses per share between 98 cents and $1.05 on revenue between $363.00 million to $371.00 million. Wall Street is looking for losses per share and revenue of $1.28 and $347.76 million in fiscal 2020.MDB stock was up 26% as of Thursday afternoon. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Stocks Sitting on Huge Piles of Cash * The 10 Best Stocks to Buy for the Bull Market's Anniversary * 7 Dividend Stocks With Big Yields As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post MongoDB Earnings: MDB Stock Soars on Q4 Beat appeared first on InvestorPlace.
Shares of MongoDB Inc. spiked up 26% in active midday trade Thursday, putting them on track for their biggest-ever one-day gain and a record high close, after blowout fourth-quarter results and an upbeat outlook prompted multiple price target increases by Wall Street analysts. The database platform company reported late Wednesday a narrower-than-expected loss, revenue that rose well above consensus estimates and provided first-quarter guidance that was better than forecasts. No less than 9 of the 15 analysts surveyed by FactSet raised their targets, lifting the average target to $117.62 from $93.15 at the end of February. KeyBanc Capital's Brent Bracelin boosted his target to a match a Street high $150 from $100, saying demand for MongoDB's Atlas cloud database service remained "white hot," at a time that digital transformations could cause public cloud spending to triple by 2023. Brian White at Monness Crespi Hardt raised his target to $150 from $110 after the company put up "Mongolicious" results that "shreds up the paper tigers." Even the Street's most bearish analyst, Christopher Eberle at Instinet, raised his target to $70 from $63. The stock has soared 56% year to date, while the S&P 500 has climbed 12%.
MongoDB (MDB) delivered earnings and revenue surprises of 55.26% and 15.94%, respectively, for the quarter ended January 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK , March 13, 2019 /PRNewswire/ -- ASC 606: Fourth Quarter Fiscal 2019 Total Revenue of $85.5 million , up 71% Year-over-Year Full Year Fiscal 2019 Total Revenue of $267.0 million , up 61% Year-over-Year ...
MongoDB's (MDB) fourth-quarter fiscal 2019 earnings are likely to benefit from an expanding customer base and portfolio strength.
Even fast-growing companies must climb the wall of worry. MongoDB (NASDAQ:MDB), whose open-source database technology, based on the concept of documents, is increasingly popular in clouds, is such a company.Source: Shutterstock Mongo has been delivering top-line growth of over 50% each year since before going public in 2017 and is expected to keep up the pace when it reports its fourth-quarter results Mar. 13.Hitting the mark of $73.7 million in revenue would give it over $240 million for the year … 50% ahead of last year's $154 million. This has earned MDB stock a market cap of $5.2 billion, up a fat 218% from its IPO price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut news events have kept the rocket ship from going straight up, and the latest news may drop it from the sky. Amazon After YouThe news is that Amazon (NASDAQ:AMZN), which brought out a MongoDB competitor called DocumentDB a few months ago, may be getting all the business of Lyft, the ride-hailing service due to come public later this year.It's just one account, but it's a big one, and it caused one analyst to throw a sell rating on MDB stock, dropping his price target to $63 per share. At the time MongoDB was trading at $106. It opened Feb. 27 at $98. * 10 Blue-Chip Stocks to Lead the Market MongoDB had previously taken a hit in January, when Amazon announced DocumentDB, and in the fall, when the company changed its open source license. That was because some cloud providers were downloading the software and offering their own versions as a service, without contributing code back.It was feared that move, to what MongoDB calls the Service-Side Public License (SSPL), might lead developers to see it as abandoning its open source roots. MongoDB had previously been licensed under the AGPL, an online version of the standard GPL 3.0 license. By the time October results came out, showing growth had continued, MongoDB stock was already marching upward again.The problem for bulls is the current price of MDB stock. At $5.2 billion, you're paying over 20 times anticipated fiscal 2019 revenue. Even if MongoDB hit $400 million in fiscal 2020 revenue, its current valuation is 13 times that. Don't even mention earnings because there aren't any. In a fast-growth company there shouldn't be, as investing and financing cash flows keep growth humming. Open Source vs. the CloudThe real fear isn't so much Amazon as all the other cloud service providers. Open source companies like MongoDB get by on either support contracts or by licensing commercial versions. Clouds that re-sell online versions of open source products, but don't contribute anything back, are a serious concern.As a result, vendors like privately-held Redis Labs went to a more controversial licensing scheme dubbed Commons Clause, prohibiting re-sale of the software as a service. Critics said this turns open source software into proprietary software, and in February Redis released an explicitly proprietary license. * 7 Consumer Stocks to Buy and Hold for Years Mongo's new license demands the cloud providers contribute back the Service Source Code used to make their versions available online back to the community. The question is whether that will satisfy both the clouds that are its customers and the open source advocates that are its contributors. The Bottom Line on MDB StockThe best way to handle the contradiction between the open source ethos and the cloud imperative is to do what Red Hat (NYSE:RHT) did and sell out to a cloud provider like International Business Machines (NYSE:IBM). But that exit isn't available to everyone.MongoDB stock investors also won't get a chance to adjust if MDB's new license continues to anger cloud providers like Amazon, cloud customers or open source contributors. The valuation is extremely high, and there's no net.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Consumer Stocks to Buy and Hold for Years * 4 China Stocks Soaring on Trade Hopes * 3 Esports Stocks to Benefit From the Boom Compare Brokers The post Will Amazon Kill MongoDB Stock? appeared first on InvestorPlace.
NEW YORK, Feb. 26, 2019 /PRNewswire/ -- MongoDB, Inc. (MDB), the leading modern, general purpose database platform, today announced it will report its financial results for the fourth quarter and full year ended January 31, 2019, after the U.S. financial markets close on Wednesday, March 13, 2019. In conjunction with this announcement, MongoDB will host a conference call on Wednesday, March 13, 2019, at 5:00 p.m. (Eastern Time) to discuss the Company's financial results and business outlook. MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build.
NEW YORK , Feb. 20, 2019 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced that it will present at two upcoming conferences in San Francisco ...