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.
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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