MongoDB (MDB) PT Lowered to $430 at Piper Sandler

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Go back to MongoDB (MDB) PT Lowered to $430 at Piper Sandler

MongoDB (MDB) Shares Gain on Beat-and-raise, Results Seen as Strong

June 2, 2022 6:44 AM EDT

Shares of MongoDB (NASDAQ: MDB) are up more than 9% in premarket trading Thursday after the company reported stronger-than-expected Q1 revenue and hiked its full-year revenue guidance.

MDB reported a Q1 loss per share of $1.14, compared to a loss per share of $1.04 in the same period last year. Revenue came in at $285.4 million in the period, up 57% YoY and above the analyst consensus of $266.9 million.

Looking ahead, MonboDB expects a Q2 adjusted loss per share of 28c to 31c, while analysts were... More