Form 8-K MongoDB, Inc. For: Mar 09
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Go back to Form 8-K MongoDB, Inc. For: Mar 09
March 10, 2021 7:36 AM EST
MongoDB (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
March 10, 2021 6:37 AM EST
Needham & 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
