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MongoDB raises outlook and shares rise | US jobless claims reach 8-month high
MongoDB raises outlook and shares rise
MongoDB $MDB (-1,62 %) recently raised its outlook for the full year to an optimistic level and at the same time expanded its share buyback program. This caused the company's shares to rise by more than 16% in pre-market trading on Thursday. Particularly impressive is the 26% sales growth in the last quarter for the flagship product Atlas, which accounts for the majority of net sales. In addition, the company recorded its highest number of new customers in six years. At a time when both established companies and start-ups are trying to modernize their software and develop new AI applications, this increase is particularly remarkable.
Prior to the quarterly figures, the share price had fallen by 14% year-on-year, but it has risen by an impressive 42% since the low point at the beginning of April. This has been supported by a strong rebound in AI software stocks and general trading optimism. Investors should now keep an eye on key resistance areas at $253, $298 and $355, with crucial support at around $212.
Technical analysis shows bullish trend
MongoDB shares formed a pattern between March and June that is reminiscent of inverse head and shoulders formations and points to a possible bullish reversal. The right shoulder pattern found support just above the 50-day moving average, while the relative strength index (RSI) confirmed a strengthening of the price momentum. A key resistance area is the $253 level, a breach of which could propel the stock towards $298, where selling pressure is expected on the chart.
US jobless claims rise to 8-month high
In the US, applications for unemployment benefits rose to their highest level in eight months last week, but remain historically low. According to the Department of Labor, there was an increase of 8,000 to a total of 247,000 new claims for the week ending May 31, while analysts had only expected 237,000. Despite the uncertainties surrounding the potential impact of tariffs on the economy, the number of applications remains at a historically healthy level of between 200,000 and 250,000.
Numerous companies have lowered their sales and profit forecasts for 2025 when publishing their latest quarterly figures or have not issued any forecasts at all. These developments are often linked to President Trump's unpredictable tariff announcements. Last week, the government also reported an unexpected increase in job openings, while other data points to declining optimism about the labor market.
The Labor Department's comprehensive monthly employment report will be released on Friday. Analysts expect an increase of just 130,000 jobs in May, a decline from 177,000 in April. Estimates suggest that the US economy contracted at an annualized rate of 0.2% in the first quarter of 2025, a slight improvement from the initial estimate.
Sources:
https://finance.yahoo.com/news/watch-mongodb-price-levels-stock-123557980.html
https://finance.yahoo.com/news/number-americans-filing-jobless-benefits-124506421.html
small additional purchase
I have made the Posi full :)
believe in the future $MDB (-1,62 %)
the stock will perform very well
MongoDB A
Couldn't resist and treated myself to the share $MDB (-1,62 %)
it wouldn't go much lower :)
I'm very positive about the future
MongoDB Q4'25 Earnings Highlights:
🔹 Adj. EPS: $1.28 (Est. $0.66) 🟢
🔹 Revenue: $548.4M (Est. $519.6M) 🟢; UP +20% YoY
🔹 Subscription Rev: $531M; UP +19% YoY
FY26 Guidance:
🔹 Adj. EPS: $2.44-$2.62 (Est. $3.34) 🔴
🔹 Revenue: $2.24B-$2.28B (Est. $2.325B) 🔴
Q1'26 Outlook:
🔹 Adj. EPS: $0.63-$0.67 (Est. $0.62) 🟢
🔹 Revenue: $524M-$529M (Est. $527.1M) 🟡
Q4 Performance:
🔹 MongoDB Atlas Revenue: UP +24% YoY; 71% of total revenue
🔹 Adj. Operating Income: $112.5M (vs. $69.2M YoY)
🔹 Adj. Net Income: $108.4M (vs. $71.1M YoY)
🔹 Free Cash Flow: $22.9M (vs. $50.5M YoY)
Strategic & Business Updates:
🔹 Acquired Voyage AI to integrate advanced AI-powered information retrieval
🔹 Stock Buyback Program: $200M to offset dilution from Voyage AI acquisition
🔹 Completed Redemption of 2026 Convertible Notes, eliminating all debt
🔹 Lombard Odier modernizing legacy banking tech on MongoDB with AI
🔹 Recognized as a Leader in 2024 Gartner Magic Quadrant for Cloud Databases
CEO Dev Ittycheria's Commentary:
🔸 "We delivered a strong end to FY25 with 24% Atlas revenue growth and significant margin expansion. Our Voyage AI acquisition strengthens MongoDB’s position in trustworthy AI-powered applications, enabling real-time data and advanced retrieval models for faster, more intelligent development."
What are you watching this week?
- Monday: $GTLB (-0,81 %) , $OKTA (-0,35 %) .
- Tuesday: $CRWD (-0,08 %) , $FLTR (+1,07 %) , $ONON (+3,56 %) , $TGT (-0,32 %) , $SE-ED .
- Wednesday: $MDB (-1,62 %) , $MRVL (-4,17 %) , $VEEV (+0,64 %) , $ZS (+0,06 %) .
- Thursday: $AVGO (-0,16 %) , $COST (-0,73 %) , $HCP , $HPE (+0,34 %) , $27C , $JD. (-0,51 %)
$MDB (-1,62 %)
MongoDB says expects to see sequential decline in non-Atlas revenue in Q4
Says in terms of Atlas consumption, expects to see a typical seasonal slowdown in Q4 driven by underlying application usage moderating during the holiday season. Says since Atlas consumption remained lower on a year-over-year basis in Q3, expects to see continued deceleration of Atlas year-over-year growth in Q4. Says expects to see a sequential decline in non-Atlas revenue in Q4, which is contrary to normal pattern. Says experienced a significant additional benefit from multi-year deals in Q3, which is not expected to recur in Q4.
Says reallocating a portion of go-to-market resources from the mid-market to the enterprise channel. Says expects to see significantly fewer mid-market direct sales customer net additions and as a result, slower direct sales customer growth going forward. Comments taken from Q4 earnings conference call.
MongoDB CFO Michael Gordon Resigns
$MDB (-1,62 %) MongoDB Inc. reported earnings
Q3 FY2025 results ended on October 31st 2024
- Revenue: $529.4M, +22% YoY
- Net Loss: $9.8M vs $29.3M loss in Q3 2023
- Non-GAAP EPS: $1.16 vs $0.96 in Q3 2023
- Total customers reached 52,600+, continuing strong growth
CEO Dev Ittycheria: "MongoDB's third quarter results were significantly ahead of expectations on the top and bottom line, driven by better-than-expected EA performance and 26% Atlas revenue growth. We continue to see success winning new business due to the superiority of MongoDB's developer data platform."
🌱Revenue & Growth
- Subscription Revenue: $512.2M, +22% YoY
- Services Revenue: $17.2M, +18% YoY
- MongoDB Atlas Revenue: 68% of total revenue, +26% YoY
- Enterprise Advanced: 25% of subscription revenue
- Direct Sales: 88% of subscription revenue
💰Profits & Financials
- Gross Profit: $394.0M, 74% margin vs 75% YoY
- Non-GAAP Operating Income: $101.5M vs $78.5M YoY
- Operating Loss: $27.9M vs $45.2M loss YoY
- Free Cash Flow: $34.6M vs $35.0M YoY
- Cash & Investments: $2.3B
📌Business Highlights
- Released MongoDB 8.0 with 45+ architectural enhancements
- Named AWS Technology Partner of the Year for North America
- Obtained AWS Modernization Competency designation
- Launched MongoDB AI Applications Program (MAAP)
- Added new MAAP partners: Capgemini, Confluent, IBM, Unstructured, QuantumBlack
🔮Future Outlook
- Q4 Revenue: $515.0M-$519.0M
- Q4 Non-GAAP Income from Operations: $55.0M-$58.0M
- Q4 Non-GAAP EPS: $0.62-$0.65
- Full Year Revenue: $1.973B-$1.977B
- Full Year Non-GAAP Income from Operations: $241.8M-$244.8M
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