MongoDB (MDB) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q & FY21 EPS Guidance Below Consensus, 1Q & FY21 Revenues Guidance Above Consensus
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MongoDB (MDB) Tops Earnings and Revenue Estimates, Analysts' Reaction Mixed Amid a Weaker Guidance
March 10, 2021 7:36 AM ESTMongoDB (NASDAQ: MDB) reported better-than-expected fourth-quarter results for earnings and revenue but reported it expects to record a higher-than-expected loss in Q1.
Shares of the company trade 1.6% higher in pre-open after initially surging 3% following the Q4 report.
The software business said it lost $0.33 per share in the quarter to end-January to top the expected $0.39 from analysts. The company is yet to become profitable.
Revenues for the quarter were reported at $171 million, again higher than the Street consensus of $157 million.
"MongoDB's fourth quarter performance was a strong finish to an incredibly successful year.... More
MongoDB (MDB) PT Raised to $409 at Needham & Company
March 10, 2021 6:37 AM ESTNeedham & Company analyst Jack Andrews raised the price target on MongoDB (NASDAQ: MDB) to $409.00 (from $394.00) while maintaining a Buy rating.
The analyst commented, "MDB reported strong 4QFY21 results as revenue and guidance for FY22 were both well above consensus. MDB continues to favorably... More
MongoDB (MDB) Earnings Preview, Could Face Volatility Near Term - Needham
March 8, 2021 7:08 AM ESTNeedham & Company analyst Jack Andrews reiterated a Buy rating and $394.00 price target on MongoDB (NASDAQ: MDB) ahead of 4QFY21 earnings on March 9th after the close. The analyst conducted a fresh round of developer checks that suggests that interest has slightly moderated from near... More
