Mongodb (NASDAQ:MDB) Updates Q2 Earnings Guidance

Mongodb (NASDAQ:MDB) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of ($0.29)-($0.27) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.27). The company issued revenue guidance of $90-92 million, compared to the consensus revenue estimate of $87.88 million.Mongodb also updated its FY 2020 guidance to $-1.11–1.04 EPS.

MDB stock opened at $152.09 on Friday. Mongodb has a 52-week low of $48.33 and a 52-week high of $184.78. The firm has a market capitalization of $8.34 billion, a PE ratio of -88.42 and a beta of 0.19. The company has a quick ratio of 3.18, a current ratio of 3.18 and a debt-to-equity ratio of 0.93. The business’s fifty day simple moving average is $151.35.

Mongodb (NASDAQ:MDB) last announced its earnings results on Wednesday, June 5th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.02. The business had revenue of $89.40 million for the quarter, compared to analyst estimates of $83.50 million. Mongodb had a negative return on equity of 44.47% and a negative net margin of 39.68%. The company’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.43) earnings per share. As a group, sell-side analysts forecast that Mongodb will post -2.07 EPS for the current year.

A number of equities analysts have commented on MDB shares. DA Davidson lifted their target price on Mongodb to $165.00 in a research note on Wednesday, June 19th. Zacks Investment Research upgraded Mongodb from a hold rating to a buy rating and set a $117.00 target price for the company in a research note on Friday, March 15th. Stifel Nicolaus boosted their price objective on Mongodb from $95.00 to $130.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Monness Crespi & Hardt boosted their price objective on Mongodb from $110.00 to $150.00 and gave the stock a buy rating in a research report on Thursday, March 14th. Finally, Needham & Company LLC restated a buy rating and issued a $130.00 target price (up from $108.00) on shares of Mongodb in a research report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Mongodb presently has an average rating of Buy and an average target price of $154.15.

In other Mongodb news, CRO Cedric Pech sold 29,809 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $180.86, for a total transaction of $5,391,255.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eliot Horowitz sold 21,000 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $165.33, for a total transaction of $3,471,930.00. The disclosure for this sale can be found here. Insiders sold 169,634 shares of company stock worth $25,834,679 over the last ninety days. 40.04% of the stock is currently owned by company insiders.

Mongodb Company Profile

MongoDB, Inc operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Earnings History and Estimates for Mongodb (NASDAQ:MDB)

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