MongoDB (MDB, $241.11) posts narrower-than-expected loss
MongoDB reported second-quarter fiscal 2023 adjusted loss of -23 cents per share, beating the Zacks Consensus Estimate by 20.69%. The loss, however, is wider than the year-ago quarter’s -12 cents per share.
The database company’s revenues surged +52.8% year over year to $303.7 million, exceeding surpassing the consensus expectations by 8.38%.
Subscription revenues ( 96% of revenues) grew 52.4% year over year to $291.6 million, while Services revenues climbed +63.6% year over year to $12.1 million (4% to revenues).
MongoDB added 1,800 customers during the quarter, bringing the total to 37,000 as of quarter-end.
Atlas revenues surged +73% year over year (and is 64% to total revenues). Atlas added 1,800 customers during the quarter, to more than 35,500 customers as of quarter-end.
MongoDB’s gross margin expanded +100 basis points year-over-year basis to 73.5%.
For third-quarter fiscal 2023, MongoDB expects non-GAAP net loss between -16 cents and -19 cents per share. It predicts revenues of $300 million to $303 million.
For full fiscal year 2023, MongoDB projects non-GAAP net loss in the range of -28 cents and -35 cents per share. It expects revenues range of $1.196 billion to $1.206 billion.
MDB in upward trend: price expected to rise as it breaks its lower Bollinger Band on April 03, 2025
MDB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where MDB's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MDB's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 22, 2025. You may want to consider a long position or call options on MDB as a result. In of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MDB just turned positive on April 10, 2025. Looking at past instances where MDB's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MDB advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator entered the overbought zone. Expect a price pull-back in the foreseeable future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MDB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for MDB entered a downward trend on April 16, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (24.272) is normal, around the industry mean (30.787). P/E Ratio (0.000) is within average values for comparable stocks, (160.020). Projected Growth (PEG Ratio) (1.654) is also within normal values, averaging (2.707). Dividend Yield (0.000) settles around the average of (0.032) among similar stocks. P/S Ratio (15.083) is also within normal values, averaging (59.678).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MDB’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. MDB’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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General Information
a developer of MongoDB database
Industry PackagedSoftware