Welcome to our dedicated page for MongoDB news (Ticker: MDB), a resource for investors and traders seeking the latest updates and insights on MongoDB stock.
MongoDB, Inc. (NASDAQ: MDB) is a leading force in the database technology space, providing a modern and highly scalable document-oriented database platform. Founded in 2007 and headquartered in New York, MongoDB revolutionizes how businesses harness data, supporting a wide range of applications from startups to large enterprises. With over 9 million downloads and nearly 33,000 paying customers, MongoDB's ecosystem is one of the fastest-growing in the database industry.
MongoDB's core offering is its NoSQL database, which is compatible with all major programming languages and can be deployed in diverse use cases. Through both license-based and subscription-based models, the company caters to various customer needs, ensuring flexibility and scalability.
One of MongoDB's prominent products is MongoDB Atlas, a multi-cloud developer data platform that integrates an operational database with data and application services. MongoDB Atlas simplifies the process of building, deploying, and managing modern applications that require high performance and scale. Recently, MongoDB announced new capabilities in Atlas that make it easier to build generative AI applications, enabling organizations to leverage real-time operational data more effectively.
In fiscal 2024, MongoDB reported strong financial performance with a 34% growth in Atlas revenue and an improvement in operating margins. The company continues to invest in product development and market expansion, recognizing the significant long-term growth opportunities, particularly in AI-driven applications.
MongoDB has also introduced the MongoDB AI Applications Program (MAAP), designed to help organizations rapidly build and deploy innovative applications enriched with generative AI technology. This program provides a comprehensive suite of tools, professional services, and strategic partnerships to support enterprises in embedding AI into their applications.
Furthermore, MongoDB's commitment to developer success is evident through MongoDB University, which has trained millions of developers, and through its extensive network of over 1,000 technology and service partners.
MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. As the database landscape evolves, MongoDB remains at the forefront, enabling organizations to build smarter and more impactful applications with greater ease.
MongoDB has announced an expanded five-year partnership with Google Cloud, enhancing their go-to-market collaboration. The integration allows customers to use MongoDB Atlas alongside various Google Cloud services, featuring consolidated billing and support. This partnership supports modernizing legacy systems and improving cloud-based data management. With over 22,600 customers globally, MongoDB aims to enhance customer experiences in digital transformations. The service is available in all 24 Google Cloud regions, emphasizing a commitment to driving customer success.
MongoDB (NASDAQ: MDB) announced it will report its financial results for Q4 and full year ending January 31, 2021, on March 9, 2021, after market close.
A conference call will be held on the same day at 5:00 p.m. ET to discuss the results and business outlook. The call can be accessed via phone or a live webcast on the Investor Relations page of the company's website.
MongoDB serves over 22,600 customers globally, and its platform has been downloaded more than 130 million times.
MongoDB, Inc. (NASDAQ: MDB) announced a global partnership with Tencent Cloud on February 3, 2021. This collaboration allows Tencent customers to access MongoDB-as-a-Service across Tencent's cloud infrastructure. With operations in 27 regions, the service ensures high availability and scalability of applications. MongoDB, the world's most popular document database, boasts over 130 million downloads and a robust developer community. Early users, including a gaming company and an e-commerce platform, report significant improvements in performance and user experience.
On February 2, 2021, MongoDB, Inc. (NASDAQ: MDB) announced the launch of MongoDB Realm Sync, a managed service that facilitates data synchronization between the Realm mobile database and MongoDB Atlas. This service addresses the challenges of mobile application development, enabling seamless data access and offline functionality. With over two billion downloads of Realm applications and more than 20,000 customers utilizing MongoDB Atlas globally, the introduction of Realm Sync aims to enhance user experience and improve productivity.
MongoDB, Inc. (NASDAQ: MDB) announced its participation in two upcoming virtual conferences: the Goldman Sachs Virtual Technology and Internet Conference 2021 on January 12, 2021, at 9:40 AM ET, and the 23rd Annual Needham Virtual Growth Conference on January 13, 2021, at 10:00 AM ET. The presentations will be made by key executives including President Dev Ittycheria, CFO Michael Gordon, and VP Serge Tanjga. Live webcasts of the events will be available on the MongoDB investor relations website, with replays accessible later.
MongoDB, Inc. (MDB) reported strong Q3 FY2021 results with a revenue of $150.8 million, up 38% year-over-year. Subscription revenue rose 39% to $144.1 million. Gross profit was $104.7 million with a 69% margin. However, the company incurred a net loss of $72.7 million, or $1.22 per share, compared to $42.4 million loss in the prior year. MongoDB forecasts Q4 revenue between $155 million and $157 million and full-year revenue of $574.4 million to $576.4 million.
MongoDB, Inc. (NASDAQ: MDB) announced that its COO, Michael Gordon, and VP of Finance, Serge Tanjga, will present at the UBS Global TMT Conference on December 9, 2020, at 10:15 AM ET, and the Barclays Global Technology, Media, and Telecommunications Conference on December 10, 2020, at 9:30 AM ET. Both presentations will be webcast live. The company supports more than 20,200 customers globally and has over 125 million downloads of its database platform. Interested parties can access the webcasts at MongoDB’s investor relations website.
MongoDB, Inc. (NASDAQ: MDB) is set to report its third quarter fiscal year 2021 financial results for the period ending October 31, 2020, on December 8, 2020, following the U.S. market close. The company will host a conference call at 5:00 p.m. ET on the same day to discuss financial outcomes and future business outlook. MongoDB is recognized as a leading modern database platform with over 20,200 customers and more than 125 million downloads of its database software.
MongoDB, Inc. (NASDAQ: MDB) has announced the launch of multi-cloud clusters for its MongoDB Atlas database platform, allowing customers to deploy a fully managed database across AWS, Google Cloud, and Microsoft Azure simultaneously. This feature enables organizations to replicate data across 79 cloud regions, facilitating seamless migration between providers and leveraging unique offerings like AI and analytics. The new clusters enhance cross-cloud resiliency, automatically failing over to ensure low latency and compliance. With over 18,800 customers, MongoDB Atlas is positioned as a leader in cloud database solutions.
MongoDB, Inc. (NASDAQ: MDB) announced that COO Michael Gordon and VP of Finance Serge Tanjga will present at Citi's 2020 Global Technology Virtual Conference on September 9, 2020, at 11:40 a.m. Eastern Time. The presentation will be accessible via a live webcast on MongoDB's investor relations website, with a replay available for a limited time. MongoDB is a leading modern database platform, serving over 20,200 customers globally and boasting over 125 million downloads.
FAQ
What is the current stock price of MongoDB (MDB)?
What is the market cap of MongoDB (MDB)?
What does MongoDB, Inc. do?
What is MongoDB Atlas?
How many customers does MongoDB have?
What are recent accomplishments of MongoDB?
What is the mission of MongoDB?
How does MongoDB support developers?
What is the MongoDB AI Applications Program (MAAP)?
Where is MongoDB headquartered?
How does MongoDB's database differ from traditional databases?
What significant financial achievement did MongoDB report in fiscal 2024?
