Why Is MongoDB (MDB) Stock Soaring Today [Yahoo! Finance]
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: Yahoo! Finance
This move is significant, given MongoDB's volatile stock history, and suggests a positive impact on the market's perception of the business. MongoDB's own second-quarter results had also shown strong performance, with its Atlas cloud offering driving 71% of revenue and 27% year-over-year sales growth. Shares of database software company MongoDB (MDB) jumped 17.5% in the afternoon session after fellow data analytics software provider Snowflake reported impressive third-quarter results, which surpassed analysts' revenue and earnings expectations. Customer retention also normalized, suggesting some of the demand headwinds that hindered the growth of some enterprise software businesses are fading, especially those with more exposure to small and mid-sized businesses. The improved trends are also supported by Snowflake's strong sales outlook, which exceeded consensus estimates. Overall, the results revealed signs of improved demand within the data analytics segment. Is now the time to
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News
- Why MongoDB Stock Surged Today [Yahoo! Finance]Yahoo! Finance
- MongoDB Stock Soars 15% After Groundbreaking AI Partnership with Microsoft [Yahoo! Finance]Yahoo! Finance
- Menlo Ventures' 2024 State of Generative AI Report Reveals 6x Spike in Enterprise Spending as Market Leaders Shift [Yahoo! Finance]Yahoo! Finance
- OVHcloud® US Launches Managed MongoDB Offering [Yahoo! Finance]Yahoo! Finance
- MongoDB Deepens Relationship with Microsoft through New Integrations for AI and Data Analytics and Microsoft Azure Arc Support [Yahoo! Finance]Yahoo! Finance
MDB
Earnings
- 8/29/24 - Beat
MDB
Sec Filings
- 11/20/24 - Form 8-K
- 11/19/24 - Form 4
- 11/18/24 - Form 4
- MDB's page on the SEC website