MongoDB (MDB) Tops Earnings and Revenue Estimates, Analysts' Reaction Mixed Amid a Weaker Guidance
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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) PT Lowered to $390 at Barclays
March 10, 2021 5:53 AM ESTBarclays analyst Raimo Lenschow lowered the price target on MongoDB (NASDAQ: MDB) to $390.00 (from $435.00) while maintaining a Overweight rating.... More
MongoDB (MDB) PT Lowered to $415 at Morgan Stanley
March 10, 2021 1:16 AM ESTMorgan Stanley analyst Sanjit Singh lowered the price target on MongoDB (NASDAQ: MDB) to $415.00 (from $439.00) while maintaining a Overweight rating.... More
MongoDB (MDB) Tops Q4 EPS by 6c, Revenues Beat; Offers 1Q & FY21 EPS Guidance Below Consensus, 1Q & FY21 Revenues Guidance Above Consensus
March 9, 2021 4:11 PM ESTMongoDB (NASDAQ: MDB) reported Q4 EPS of ($0.33), $0.06 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $171 million versus the consensus estimate of $156.97 million.
Fourth Quarter Fiscal 2021 Financial Highlights
Revenue: Total revenue was $171.0 million in the fourth quarter fiscal 2021, an increase of 38% year-over-year. Subscription revenue was $163.9 million, an increase of 39% year-over-year, and services revenue was $7.1 million, an increase of 24% year-over-year.Gross Profit: Gross profit was $120.0 million in the fourth quarter fiscal 2021, representing a 70% gross margin, compared to 72% in the year-ago period. Non-GAAP gross profit was $123.3 million, representing a 72%... More