Mongodb (NASDAQ:MDB) Releases FY19 Earnings Guidance

Mongodb (NASDAQ:MDB) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided EPS guidance of ($1.66-1.62) for the period, compared to the Thomson Reuters consensus EPS estimate of ($1.63). The company issued revenue guidance of $211-215 million, compared to the consensus revenue estimate of $206.58 million.Mongodb also updated its Q1 guidance to ($0.44-0.43) EPS.

NASDAQ:MDB traded down $2.23 during trading hours on Friday, reaching $40.77. The company’s stock had a trading volume of 293,434 shares, compared to its average volume of 395,911. The stock has a market cap of $2,146.40 and a PE ratio of -23.43. Mongodb has a 1 year low of $24.62 and a 1 year high of $46.26.

Mongodb (NASDAQ:MDB) last issued its earnings results on Tuesday, March 13th. The company reported ($0.40) EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.03. The business had revenue of $45.00 million during the quarter, compared to analysts’ expectations of $42.60 million. The company’s revenue was up 50.5% on a year-over-year basis. equities research analysts predict that Mongodb will post -1.63 EPS for the current fiscal year.

A number of equities analysts recently commented on MDB shares. Zacks Investment Research cut shares of Mongodb from a hold rating to a sell rating in a research report on Wednesday, February 14th. ValuEngine upgraded shares of Mongodb from a sell rating to a hold rating in a research report on Sunday, December 31st. Morgan Stanley decreased their price objective on shares of Mongodb from $33.00 to $32.00 and set an equal weight rating on the stock in a research report on Tuesday, January 30th. Barclays boosted their price objective on shares of Mongodb from $38.00 to $45.00 and gave the company an overweight rating in a research report on Wednesday, March 14th. Finally, Canaccord Genuity restated a buy rating and issued a $45.00 price objective (up previously from $35.00) on shares of Mongodb in a research report on Wednesday, March 14th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $37.78.

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About Mongodb

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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