|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||166.32 - 171.47|
|52 Week Range||47.69 - 184.78|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||154.33|
This Year's Innovation Awards include a Leading Hospitality Provider, a Major Australian-based Financial Institution, a Groundbreaking Real Estate Platform and Other Innovators NEW YORK , June 18, 2019 ...
NEW YORK, June 18, 2019 /PRNewswire/ -- MongoDB, Inc. (MDB), the leading, modern, general purpose data platform, today announced the latest version of its core database, MongoDB 4.2. Key features such as distributed transactions, field level encryption and an updated Kubernetes Operator raise MongoDB's established reputation for supporting a wide variety of use cases for thousands of customers, which range from innovative cloud-native startups to the largest global enterprises. Field Level Encryption enables users to have encrypted fields on the server—stored in-memory, in system logs, at-rest and in backups—which are rendered as ciphertext, making them unreadable to any party who does not have client access or the keys necessary to decrypt the data.
NEW YORK, June 18, 2019 /PRNewswire/ -- MongoDB, Inc. (MDB), the leading, modern general purpose data platform, today announced the future of mobile and web development by unveiling the product vision for Realm, a company it acquired in May of 2019. The popular mobile database and synchronization platform will merge with the serverless platform MongoDB Stitch under the Realm brand to give developers a better way to work with data all the way through the application lifecycle – from the front to the backend. "The founding principle of MongoDB was to give developers a better database so they could focus on building great applications.
MongoDB Atlas Data Lake, MongoDB Atlas Full-Text Search and the general availability of MongoDB Charts give developers a more comprehensive data platform NEW YORK , June 18, 2019 /PRNewswire/ -- MongoDB, ...
As the arms race among the software and cloud-computing giants accelerates, Citigroup outlines the next seven most likely M&A targets.
The government requires hedge funds and wealthy investors that crossed the $100 million equity holdings threshold are required to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings level the playing field for ordinary investors. The latest round of 13F filings disclosed the […]
NEW YORK , June 11, 2019 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced that it will host an investor session at MongoDB World 2019, ...
ISO/IEC 27001 certification achieved on first attempt; company earns DISA STIG approval to operate on US Department of Defense Networks NEW YORK , June 10, 2019 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: ...
Shares of high flying technology stock MongoDB (NASDAQ:MDB) traded lower in early June after the company reported strong first quarter numbers, but delivered sub-par second quarter and fiscal 2020 profit guides. Because MDB stock was so richly valued heading into the print, the stock naturally dropped in response to the slightly disappointing guides.Source: Shutterstock This reset is perfectly normal, healthy and nothing to worry about in the big picture. In that big picture, MDB stock will continue to fly high because MongoDB finds itself supported by exceptionally favorable growth fundamentals, which ultimately pave the path for this company to one day be really big, really profitable, and really valuable.Thus, for long term investors, near term weakness in MDB stock should be consistently viewed as a buying opportunity, so long as the growth rates remain big, the margins remain high, the valuation remains reasonable, and the macro backdrop remains favorable.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Could Be Takeover Targets Right now, all three of those boxes are checked off for MDB. Consequently, current weakness in the stock should be perceived as a buying opportunity. MongoDB Is Oozing with Long Term Growth PotentialThe story at MongoDB is pretty easy to understand, and it is one that lends itself to tremendous long term growth potential.At the heart of every software application is a database. That database is used to store, organize, and process data. Traditionally, these databases were relational, meaning they were row-based. That's because traditional data was almost always structured in a row-column manner.But, modern data isn't always structured as such. In fact, because we can now generate data through various channels, modern data is increasingly document-based and much more free-flowing. Enterprises need to store, organize, and process this document-based data, too. But, relational databases can't do that efficiently. As such, there's been a boom in the adoption of non-relational databases to handle this new data form.MongoDB is one of these non-relational databases, but it's different in one important way: It's a hybrid database that combines the best aspects of non-relational and relational databases so that enterprises can handle all data formats.This solution has been a huge hit. MongoDB has consistently grown revenues and customers at a 50%-plus rate over the past several years, with growth actually accelerating over the past several quarters thanks to more and more businesses understanding the benefit of a hybrid database solution.The potential here is that MongoDB has just 14,200 customers. There are nearly 6 million employer businesses in the U.S. alone. Further, the company projects to do just $380 million in sales this year. The global software database market is closing in on $60 billion.Broadly, then, MongoDB is a hyper-growth tech company, with a winning solution, that is rapidly gaining share in a big market, and which has a very long runway for future growth. That is a winning combination for MDB stock. The Growth Boxes Are Checked OffWhen it comes to long term winners like MDB, you want to buy them on weakness so long as all the growth boxes are checked off. Those growth boxes include:1) still healthy revenue growth,2) stable margins,3) reasonable valuation4) favorable backdropThe Q1 report confirmed that MongoDB stock does check off all those boxes.Revenue rose 78% in the quarter, which is substantially above the company's multi-year revenue growth trend. Revenue growth is projected to remain very big for the foreseeable future, too. Customer growth trends likewise remain healthy. Total customers were up more than 100% in the quarter.Gross margins are taking a step back. But, that's because of some new business integration issues which will pass by the end of the year. Meanwhile, operating margins are substantially improving as robust revenue growth is driving equally robust opex leverage.The valuation is rich. But, assuming this company can grow revenues at a 20%-plus rate over the next decade, maintain 70% gross margins, and drive the opex rate down to 30%, MongoDB could easily be looking at $10-plus in EPS by 2030. A big growth average 30-forward multiple on that implies a 2029 price target for MDB stock of $300 or more. So, long term upside remains compelling.Lastly, the backdrop is still favorable. This company has minimal trade exposure because it's a services business. An economic slowdown does pose a threat, but the secular pivot towards hybrid databases is likely strong enough to offset such weakness. Meanwhile, new data is increasingly not in a row-column format. Companies are also increasingly adopting data-driven growth strategies. Thus, the need for an enterprise to adopt hybrid databases is only growing.All in all, the current trends here remain favorable. Bottom Line on MDB StockMDB stock is a long term winner that continues to be supported by favorable growth trends. So long as that remains true and the valuation remains reasonable in the big picture then MDB should remain on a medium to long term uptrend. Against the backdrop of that medium to long term uptrend, near term weakness is a buying opportunity.As of this writing, Luke Lango was long MDB. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post Current Weakness in MongoDB Just Makes MDB Stock a Better Buy appeared first on InvestorPlace.
Bulls are doing a great job at extending this bounce. After a strong "Turnaround Tuesday," they pushed stocks higher on Wednesday and are keeping the markets elevated on Thursday. It gives us a tricky set-up going into Friday -- especially with the non-farm payrolls report coming out before the open. Let's look at some top stock trades ahead of it. Top Stock Trades for Tomorrow 1: Snap Click to EnlargeShares of Snap (NYSE:SNAP) are moving higher on the day, climbing over 8%. Shares are quickly up about 40% from its lows last month and breaking out over long-term downtrend resistance (blue line).InvestorPlace - Stock Market News, Stock Advice & Trading TipsJust over $14 is the long-term 61.8% retracement. If this level acts as resistance, we have to let Snap digest some of this rally. As long as it holds the backside of prior downtrend support and the 10-week moving average though, it's still okay. * The 10 Best Stocks for 2019 -- So Far Over $14.22 and it could spark an every larger rally, with the eventual target being $17. This is Snap's IPO price, while at $17.12 is the 50% retracement. Top Stock Trades for Tomorrow 2: Tesla Click to EnlargeShares of Tesla (NASDAQ:TSLA) are finally fetching a bid, after a big-time breakdown that InvestorPlace readers saw coming. The stock bounced hard off the $180 level and has actually found itself back over $200.Now things get tricky. If you're a trader and were long off that $180-ish test, it may be time to book some profits or at the very least, raise stops.The stock filled last month's gap and is coming into the backside of prior channel support. If this level acts as resistance, Tesla stock could retreat. For bulls to gain any lasting momentum, TSLA needs to clear this mark as well as the 10-week moving average. Top Stock Trades for Tomorrow 3: Glu Mobile Click to EnlargeShares of Glu Mobile (NASDAQ:GLUU) are sinking Thursday, falling over 8% in the session.The selling pressure has been strong in this one, with long-term uptrend support giving away last month. Now shares are below $8 -- resistance in 2018 and support in 2019 -- and the 50-week moving average. The stock also lost the 61.8% retracement for the one-year range.So now what? From a trading perspective, I would consider GLUU a no-touch for me. At least until it finds its footing. If it does, see how it does on a retest of these key areas, mainly between $7.50 and $8. Top Stock Trades for Tomorrow 4: MongoDB Click to EnlargeShares of MongoDB (NASDAQ:MDB) initially sold off and looked to be breaking down after the company reported earnings. The stock broke below the 20-day and 50-day moving averages in morning trade before reclaiming them later in the session. It also broke yesterday's lows and reclaimed them as well.Those were bullish signs for short-term and day traders. But what about the swing trader or swing investor?The stock holding $145 is a good start, but clearing $150 is better. North of that and MDB can challenge new highs near $155 and look to breakout even further.Below the 50-day moving average, and uptrend support (purple line) is on the table. If that fails to buoy MDB, then the backside of prior downtrend resistance (blue line) is possible. Should both marks fail, a gap fill down to $105 is technically possible. Top Stock Trades for Tomorrow 5: At Home Group Click to EnlargeYikes. Of all the ugly moves we've seen over the past month, At Home Group (NYSE:HOME) is up there with the worst of them. Down 56% on the day and there's not many positives on this chart.The stock blew right through uptrend support (blue line), range support at $16 and its prior lows from 2016 at near $10. This one is definitely a no-touch for me. Don't be a hero. There are much better trades out there, even of the "dumpster dive" variety. * 10 Stocks to Buy That Could Be Takeover Targets Should this one snap-back any time soon, see how does with a retest of its prior lows.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 5 Top Stock Trades for Friday: SNAP, TSLA, HOME appeared first on InvestorPlace.
MongoDB (MDB) delivered earnings and revenue surprises of 8.33% and 7.47%, respectively, for the quarter ended April 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK , June 5, 2019 /PRNewswire/ -- First Quarter Fiscal 2020 Total Revenue of $89.4 million , up 78% Year-over-Year Continued Strong Growth with Over 14,200 Customers at April 30, 2019 MongoDB Atlas ...
NEW YORK, NY / ACCESSWIRE / June 5, 2019 / MongoDB, Inc. (NASDAQ: MDB ) will be discussing their earnings results in their 2019 First Quarter Earnings to be held on June 5, 2019 at 5:00 PM Eastern Time. ...
Federal Reserve Vice Chairman Rich Clarida is scheduled to speak, and the Fed will release its Beige Book on Wednesday.
NEW YORK , June 4, 2019 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced that its Chief Operating Officer and Chief Financial Officer, ...
NEW YORK, June 4, 2019 /PRNewswire/ -- MongoDB, Inc. (MDB), the leading modern, general purpose database platform, today announced it was recognized as a Leader by Forrester Research in its report, The Forrester Wave™: Database-As-A-Service, Q2 2019. Out of the 12 vendors evaluated, MongoDB scored five out of five points in 12 key criteria including high availability, disaster recovery, multimodel support, automation, user access and roadmap. According to the research, "MongoDB is one of the most popular NoSQL databases supporting modern business applications.
MongoDB's (MDB) first-quarter fiscal 2020 earnings are likely to benefit from an expanding customer base and portfolio strength.