Mongodb (NASDAQ:MDB) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.44-0.43) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.43). The company issued revenue guidance of $45.5-46.5 million, compared to the consensus revenue estimate of $44.90 million.Mongodb also updated its FY19 guidance to ($1.66-1.62) EPS.
Mongodb (NASDAQ MDB) traded down $1.64 on Tuesday, reaching $37.86. 937,436 shares of the company’s stock were exchanged, compared to its average volume of 281,812. Mongodb has a 12-month low of $24.62 and a 12-month high of $41.21. The firm has a market cap of $1,960.00 and a price-to-earnings ratio of -24.23.
Mongodb (NASDAQ:MDB) last released its earnings results on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.90). The business had revenue of $41.50 million for the quarter, compared to analysts’ expectations of $37.21 million. Mongodb’s revenue for the quarter was up 57.8% on a year-over-year basis. research analysts anticipate that Mongodb will post -1.9 earnings per share for the current year.
MDB has been the subject of a number of analyst reports. Barclays initiated coverage on shares of Mongodb in a report on Monday, November 13th. They set an overweight rating and a $38.00 target price for the company. Goldman Sachs Group initiated coverage on shares of Mongodb in a report on Monday, November 13th. They set a neutral rating and a $30.00 target price for the company. JMP Securities initiated coverage on shares of Mongodb in a report on Monday, November 13th. They set a market perform rating for the company. Canaccord Genuity initiated coverage on shares of Mongodb in a report on Monday, November 13th. They set a buy rating and a $35.00 target price for the company. Finally, Stifel Nicolaus initiated coverage on shares of Mongodb in a report on Monday, November 13th. They set a buy rating and a $34.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Mongodb currently has a consensus rating of Hold and an average price target of $33.33.
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MongoDB, Inc is a modern, general purpose database platform. Its platform is designed to run applications at scale across a broad range of use cases in the cloud, on-premise or in a hybrid environment. Its primary subscription package is MongoDB Enterprise Advanced, which includes its proprietary database server, security, enterprise management capabilities, its graphical user interface, analytics integrations and technical support.
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