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. Read More
Despite the unrelenting frenzy surrounding AI, and growing enterprise investments in capturing value through it, caution and risk-aversion remain the name of the game, according to MongoDB Inc. (NASDAQ: MDB) CEO Dev Ittycheria.
Investors and traders are closely monitoring the gap up and gap down stocks in today's session on Thursday. Let's explore the market movements and identify the stocks with significant gaps.
CEO Dev Ittycheria said enterprises and startups are choosing MongoDB as their platform of choice for both modernizing existing and building new applications.
Database software company MongoDB (MDB) reported Q1 CY2025 results topping the market’s revenue expectations, with sales up 21.9% year on year to $549 million. The company expects next quarter’s revenue to be around $550.5 million, close to analysts’ estimates. Its non-GAAP loss of $0.46 per share was significantly below analysts’ consensus estimates.
As the regular session of the US market concludes on Wednesday, let's get an insight into the after-hours session and identify the stocks leading the pack in terms of gains and losses.
MongoDB reports first-quarter revenue of $549.01 million, beating analyst estimates of $528.22 million, according to Benzinga Pro. The company reports first-quarter adjusted earnings of $1.00 per share, beating analyst estimates of 66 cents.
Wall Street's two-day rally lost momentum Wednesday as investors reassessed the economic outlook after weak job numbers and a surprise contraction in the U.S. services sector cast fresh doubt over the strength of the economy.
