MongoDB (MDB) PT Raised to $295 at Morgan Stanley
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MongoDB (MDB) Tops Q3 EPS by 13c, Revenues Beat; Offers 4Q & FY21 EPS/Revenue Guidance Above Consensus
December 8, 2020 4:09 PM ESTMongoDB (NASDAQ: MDB) reported Q3 EPS of ($0.31), $0.13 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $150.8 million versus the consensus estimate of $138.69 million.
Third Quarter Fiscal 2021 Financial Highlights
Revenue: Total revenue was $150.8 million in the third quarter fiscal 2021, an increase of 38% year-over-year. Subscription revenue was $144.1 million, an increase of 39% year-over-year, and services revenue was $6.7 million, an increase of 19% year-over-year.Gross Profit: Gross profit was $104.7 million in the third quarter fiscal 2021, representing a 69% gross margin, compared to 71% in the year-ago period. Non-GAAP gross profit was $108.6 million, representing a 72%... MoreNeedham & Company Reiterates Buy Rating on MongoDB (MDB) Ahead of Q3 Earnings
December 7, 2020 7:39 AM ESTNeedham & Company analyst Jack Andrews reiterated a Buy rating and $290.00 price target on MongoDB (NASDAQ: MDB) after the most recent checks showed strong developer activity.
Developer interest in MongoDB, which operates a cross-platform document-oriented database program, has cooled down moderately from record levels. Still, the activity and interest shows continued strength, writes Andrews in todays note sent to clients.
In their most recent check-in on the sector, analysts from Needham scraped StackOverflow - one of the most popular websites for developers - to build a proprietary database of activity.
Although growth... More
