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Jun 05, 2022

MongoDB (MDB, $273.13) crushes Q1 earnings and revenue expectations

MongoDB posted  its quarterly earnings results, that surpassed analysts’ expectations.

The database software company’s earnings came in at $0.20 per share for the quarter, beating the consensus estimate of  loss of ($1.34), MarketWatch Earnings reports.

Revenue for the quarter climbed +57.1% year over year to $285.45 million in the quarter, well above analysts’ expectations of $267.10 million.

MongoDB’s subscription revenues (accounting for 96.2% of total revenues) surged +57.3% year over year, while services revenues were up + 53.5% year over year.

Looking ahead, MongoDB projects revenues between $279 million and $282 million for second-quarter fiscal 2023. Adverse macro-economic environment is expected to hurt revenues in the range of $4-$5 million. The company anticipates non-GAAP net loss in the range of -31 cents and -28 cents per share.

For full fiscal -year 2023, MongoDB now projects revenues in the range of $1.172 billion and $1.192 billion (vs. prior guidance range of $1.151-$1.181 billion). Adverse macro-economic condition is expected to hurt revenues in the range of $30-$35 million. It expects non-GAAP net loss in the range of -31 cents to -16 cents per share.

Related Ticker: MDB

MDB's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for MDB moved out of overbought territory on February 13, 2024. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 39 instances where the indicator moved out of the overbought zone. In of the 39 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 21, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on MDB as a result. In of 77 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for MDB turned negative on February 21, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

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 .

MDB broke above its upper Bollinger Band on February 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where MDB's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

MDB moved above its 50-day moving average on February 01, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for MDB crossed bullishly above the 50-day moving average on January 24, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 338 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 273 cases where MDB Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. MDB’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued 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 (32.573) is normal, around the industry mean (28.823). P/E Ratio (0.000) is within average values for comparable stocks, (145.493). Projected Growth (PEG Ratio) (1.654) is also within normal values, averaging (2.869). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (19.417) is also within normal values, averaging (74.821).

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.

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE), Intuit (NASDAQ:INTU), Uber Technologies (NYSE:UBER), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Palo Alto Networks (NASDAQ:PANW), Workday (NASDAQ:WDAY).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 10.37B. The market cap for tickers in the group ranges from 291 to 3.09T. MSFT holds the highest valuation in this group at 3.09T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was 3%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 0%. MTC experienced the highest price growth at 142%, while IFBD experienced the biggest fall at -97%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was 41%. For the same stocks of the Industry, the average monthly volume growth was 58% and the average quarterly volume growth was 88%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 75
Price Growth Rating: 57
SMR Rating: 83
Profit Risk Rating: 88
Seasonality Score: 2 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of MongoDB database

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
1633 Broadway
Phone
+1 646 727-4092
Employees
4619
Web
https://www.mongodb.com
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MDB and

Correlation & Price change

A.I.dvisor indicates that over the last year, MDB has been closely correlated with DDOG. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if MDB jumps, then DDOG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To MDB
1D Price
Change %
MDB100%
-2.40%
DDOG - MDB
69%
Closely correlated
-0.94%
IOT - MDB
65%
Loosely correlated
+1.27%
COIN - MDB
63%
Loosely correlated
+1.09%
CLSK - MDB
60%
Loosely correlated
+6.82%
SNOW - MDB
59%
Loosely correlated
-0.83%
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