Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
MongoDB Inc. shares fell 8.9% in the extended session Tuesday after the database company said its chief technology officer and co-founder was stepping down and it reported a loss that was narrower than the consensus estimates. MongoDB said that the company's CTO and co-founder Eliot Horowitz was stepping down, effective July 10. The company reported a fourth-quarter loss of $62.6 million, or $1.10 a share, compared with a loss of $22.2 million, or 41 cents a share, in the year-ago period. Adjusted for stock-based compensation, among other items, the loss was 25 cents a share. Revenue rose to $123.5 million from $85.5 million in the year-ago period. Analysts surveyed by FactSet had estimated an adjusted loss of 28 cents a share on sales of $110.6 million. For the first quarter, analysts model adjusted losses of 24 cents a share and sales of $115.7 million. The company said it expects first-quarter revenue of $119 million to $121 million and an adjusted loss of 22 cents to 25 cents a share; due to the COVID-19 pandemic, MongoDB said its first-quarter guidance was $1 million to $2 million lower and its full-year revenue would be hurt by $15 million to $25 million. MongoDB stock has lost 14.7% in the past year, with the S&P 500 index falling 15.5%.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, will present at the Goldman Sachs Technology and Internet Conference in San Francisco, CA.
MongoDB, Inc. ("MongoDB") (Nasdaq: MDB), the leading modern, general purpose database platform, today announced the pricing of $1.0 billion aggregate principal amount of 0.25% convertible senior notes due 2026 (the "notes") in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the offering was increased from the previously announced offering size of $750.0 million. MongoDB also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of notes. The sale of the notes is expected to close on January 14, 2020, subject to customary closing conditions.
MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced it will report its first quarter fiscal year 2021 financial results for the three months ended April 30, 2020, after the U.S. financial markets close on Thursday, June 4, 2020.
MongoDB, Inc. (NASDAQ: MDB), the leading, modern, general purpose database platform, today announced it has appointed Mark Porter to its Board of Directors. Porter is currently the Chief Technology Officer of Grab, an on-demand transportation, food, package delivery, digital payments, and financial services company in Southeast Asia, and has been a pioneer in the database industry for decades.
MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, and its Vice President of Finance and Business Operations, Serge Tanjga, will present at the 2020 Needham Growth Conference in New York, NY.
The database-services stock is up more 30% year to date, while the S&P; 500 index has dipped roughly 11%.
NEW YORK, NY / ACCESSWIRE / March 17, 2020 / MongoDB, Inc. (NASDAQ:MDB) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 17, 2020 at 5:00 PM Eastern ...
MongoDB (MDB) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
MongoDB (MDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
MongoDB, Inc. (NASDAQ: MDB), the leading, modern general purpose database platform, today announced its financial results for the fourth quarter and fiscal year ended January 31, 2020.
MongoDB (MDB) delivered earnings and revenue surprises of 10.71% and 11.98%, respectively, for the quarter ended January 2020. Do the numbers hold clues to what lies ahead for the stock?
Along with most other stocks since late February, Oracle (NYSE:ORCL) has been on bearish path. Note that the shares have gone from $55 to $39.80. But today, there was a nice change in direction: ORCL stock is up 14% to $45.Source: Sundry Photography / Shutterstock.com This is due to a combination of a snap back in the market as well as a solid earnings report. For the fiscal third quarter, revenues grew by 2% to $9.8 billion and the adjusted earnings came to 97 cents a share. As for the Street, the consensus estimate was for $9.75 billion on the top line and 96 cents a share for the profits.Actually, the quarterly growth in revenue was the highest in two years.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Drowning Energy Stocks to Avoid for Now Here are some of the other highlights for the quarter: * Among a group of 16 companies, Oracle ranked as a leader for Gartner's 2019 "Magic Quadrant for Manufacturing Execution Systems." This was based on the vision and ability to execute with its cloud platform. * Oracle announced the general availability of its Cloud Data Science Platform. This technology helps enterprises with training, managing and deploying sophisticated AI (Artificial Intelligence) projects. This is all backed up with the kinds of things businesses look for like audits, security and model catalogs. * Oracle has continued with its aggressive expansion of its cloud infrastructure. In the quarter, the company added local regions in Saudi Arabia (Jeddah), Australia (Melbourne), Japan (Osaka), Canada (Montreal) and The Netherlands (Amsterdam). The goal is to have 36 cloud regions by the end of this year. * Oracle and Microsoft (NASDAQ:MSFT) bolstered their collaboration alliance by establishing a new interconnect location in Amsterdam, which is a strategic location for regions in Europe. * There are plans to layoff up to 1,300 employees in Europe. This is part of a plan to streamline the cloud business. * The Oracle Cloud Applications has been certified for FedRAMP Moderate Authorization. This is a key part of being more competitive in getting federal contracts.In the quarter, the main driver was the cloud business, which saw overall growth of 5%. Keep in mind that this segment now accounts for 71% of total revenues.The company has also been bolstering its core database business. After all, Oracle has had to fend off fast-growing startups like Mongodb (NASDAQ:MDB). There is also more competition for mature operators like MSFT and SAP (NYSE:SAP).So a key part of Oracle's strategy is its Autonomous Database. As the name implies, the system handles tasks like security patches automatically. There is also much flexibility with modern environments by being serverless and elastic.On the earnings call, here's what Oracle CTO and chairman Larry Ellison had to say: "We have an enormous technology advantage with our Autonomous Database. And we expect our database growth rates to accelerate from that 5% number we experienced this past quarter as customers transition from legacy databases to the Autonomous Database in the cloud." Bottom Line on ORCL StockThen how will the likely downturn in the economy impact ORCL stock? Well, for the most part, the company's revenue base is likely to hold up very well. Oracle has the benefit of highly sticky applications for strategic areas like databases, middleware and ERP. Such technologies are not discretionary for customers.And as a sign of confidence, Oracle has announced a $15 billion buyback. In fact, the company has been a big buyer for quite some time. For the past five years, there has been a 28% reduction in the share count.Thus, for investors looking for a bargain in the tech sector -- and where the yield is a respectable 2.4% -- Oracle does look like a good choice right now.Tom Taulli (@ttaulli) is the author of various books on investing and technology, including Artificial Intelligence Basics, High-Profit IPO Strategies and All About Short Selling. He is also the founder of WebIPO, which was one of the first platforms for public offerings during the 1990s. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks to Sell as We Enter a Bear Market * 4 Energy Stocks Paying Jaw-Dropping Dividends * 3 Stocks to Buy That Will Dodge Any Volatile Market The post Why a Recession May Not Matter Much for Oracle Stock appeared first on InvestorPlace.
Given the gravity of this choice, why would any business go with a 50 year-old technology that was born before the internet, cloud computing, or high-speed networks? MongoDB (NASDAQ: MDB) was founded in 2007 to build a database product specifically suited for the cloud era and modern application technology. Investors would be smart to buy this designed-for-the-cloud database specialist.
MongoDB, Inc. (Nasdaq: MDB), the leading modern, general purpose database platform, today announced that it has been named "2019 Google Cloud Technology Partner of the Year Award for Marketplace" by Google Cloud. MongoDB is also announcing new Google Cloud availability and support for its global cloud database, MongoDB Atlas. The fully managed service is now available in Google Cloud's new Seoul region and supports a free tier in the Google Cloud region of Mumbai.