Mongodb (MDB) Updates FY19 Earnings Guidance

Mongodb (NASDAQ:MDB) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($1.66-1.62) for the period, compared to the Thomson Reuters consensus earnings per share 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.

Shares of Mongodb (NASDAQ MDB) traded down $1.64 on Tuesday, reaching $37.86. 937,436 shares of the company were exchanged, compared to its average volume of 281,812. Mongodb has a twelve month low of $24.62 and a twelve 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 announced its quarterly earnings results on Tuesday, December 12th. The company reported ($1.39) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.49) by ($0.90). The company had revenue of $41.50 million for the quarter, compared to analyst estimates of $37.21 million. The company’s revenue for the quarter was up 57.8% on a year-over-year basis. equities research analysts predict that Mongodb will post -1.9 EPS for the current year.

A number of research analysts have issued reports on MDB shares. Zacks Investment Research lowered shares of Mongodb from a buy rating to a hold rating in a research report on Wednesday, January 17th. ValuEngine upgraded shares of Mongodb from a sell rating to a hold rating in a research report on Sunday, December 31st. Barclays started coverage on shares of Mongodb in a research report on Monday, November 13th. They set an overweight rating and a $38.00 target price on the stock. Morgan Stanley decreased their target price 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. Finally, Nomura started coverage on shares of Mongodb in a research report on Tuesday, January 23rd. They set a neutral rating and a $30.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $33.33.

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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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