MongoDB, Inc. Announces Second Quarter Fiscal 2022 Financial Results

MongoDB (MDB) PT Raised to $534 at Needham & Company

Needham & Company analyst Jack Andrews raised the price target on MongoDB (NASDAQ: MDB) to $534.00 (from $415.00) while maintaining a Buy rating.

The analyst commented, "MDB reported very strong 2QFY22 results as revenue was well ahead of consensus and the mid-point of FY22 guidance was raised... More

MongoDB (MDB) Soars on Narrower Q2 Loss, Firms Raise PTs on Accelerating Sales and Atlas Growth

Shares of MongoDB (NASDAQ: MDB) are trading 13.4% higher in pre-open Friday after the software company smashed analyst estimates for Q2.

MongoDB reported a loss of $0.24 per share, narrower than a loss of $0.39 expected from analysts. Sales for the quarter came in at $198.7 million versus the consensus estimate of $184.2 million.

"MongoDB's second quarter results were exceptionally strong across the board, highlighted by Atlas revenue growth of 83%. Our performance reflects the desire of nearly every business to use a modern application data platform that enables them to accelerate the pace of their digital innovation... More

MongoDB (MDB) PT Raised to $410 at Mizuho Securities

Mizuho Securities analyst Matthew Broome raised the price target on MongoDB (NASDAQ: MDB) to $410.00 (from $350.00) while maintaining a Neutral rating following earnings.

The analyst commented, "MDB reported very strong F2Q earnings yesterday after the close, comfortably beating our (and the Street's) revenue... More

MongoDB (MDB) Shares Up 12% Following Strong Q2 Beat

MongoDB (NASDAQ: MDB) shares surged 12% after-hours following the companys reported strong Q2 results, with EPS of ($0.24), coming in better than the consensus estimate of ($0.39). Quarterly revenue grew 44% year-over-year to $198.7 million (vs. consensus estimate of $184.2 million), with subscription revenue of $191.4 million, representing an increase of 44%... More

MongoDB (MDB) Tops Q2 EPS by 15c

MongoDB (NASDAQ: MDB) reported Q2 EPS of ($0.24), $0.15 better than the analyst estimate of ($0.39). Revenue for the quarter came in at $198.7 million versus the consensus estimate of $184.2 million.

GUIDANCE:

MongoDB sees Q3 2022 EPS of ($0.42)-($0.39), versus the consensus of ($0.37). MongoDB sees Q3... More