MongoDB, Elastic perk up as Citi says it's buying the software pullback [Seeking Alpha]
MongoDB, Inc. - Class A (MDB)
Last mongodb, inc. - class a earnings: 3/17 04:05 pm
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US:NASDAQ Investor Relations:
investors.mongodb.com/investor-relations
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Source: Seeking Alpha
MongoDB shares rose 4.1% wile Elastic was up around 0.5% in early trading. Year-to-date, MongoDB shares have fallen nearly 39% while Elastic shares have added 3% The first half of 2024 has not been kind to enterprise software, with a number of high-profile companies reporting weaker-than-expected results and cutting guidance, fueling fears that software demand is being eaten by the rise of artificial intelligence. However, Citi said it is taking a “glass-half full” view towards software and that many of the recent challenges are seasonal in nature and others are related to IT budget or interest rate "head fakes" coming into the year. And while it's clear that generative AI is leading to a re-prioritization in IT budgets (something that may hurt traditional software-as-a-service or seat-based models for some time), enterprise software could see a few different catalysts: a rise in IT budgets; a more favorable interest rate environment; and strong estimate revisions based on season
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News
- Levi & Korsinsky Investigates Possible Securities Fraud Violations by MongoDB, Inc. (MDB)Accesswire
- MongoDB, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - MDBAccesswire
- Shareholders that Lost Money on MongoDB, Inc.(MDB) Should Contact Levi & Korsinsky About Securities Fraud Investigation - MDBAccesswire
- Can MongoDB (MDB) Penetrate the Database Market? [Yahoo! Finance]Yahoo! Finance
- MongoDB Inc (NASDAQ:MDB): An Overlooked Player in the $4 Trillion ‘AI Party' [Yahoo! Finance]Yahoo! Finance
MDB
Earnings
- 5/30/24 - Beat
MDB
Sec Filings
- 6/28/24 - Form 4/A
- 6/28/24 - Form 4/A
- 6/28/24 - Form 4/A
- MDB's page on the SEC website