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.
MDB saw its Momentum Indicator move above the 0 level on April 23, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 75 similar instances where the indicator turned positive. In of the 75 cases, the stock moved higher in the following days. The odds of a move higher are at .
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 28 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for MDB just turned positive on March 28, 2024. Looking at past instances where MDB's MACD turned positive, the stock continued to rise in of 44 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 333 cases, the price rose further within the following month. The odds of a continued upward trend are .
MDB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
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 24, 2024. 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 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 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 90, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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 (24.272) is normal, around the industry mean (29.911). P/E Ratio (0.000) is within average values for comparable stocks, (155.220). Projected Growth (PEG Ratio) (1.654) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (15.083) is also within normal values, averaging (55.249).
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.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a developer of MongoDB database
Industry PackagedSoftware