The price of MongoDB, Inc. (NASDAQ: 
MDB) surge 77% yesterday extending the gains to extended market and premarket trading sessions consecutively.
Currently up 22%, should the asset break the ceiling of the symmetrical triangle formed the stock might be eyeing the $500 resistant albeit market condition.
MongoDB Just Surged to a New 52-Week High, the company posted stronger-than-expected quarterly results and a solid forecast.
Shares of MongoDB soared nearly 80% Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year-over-year to $628.3 million.1 Analysts surveyed by Visible Alpha had expected $0.82 and $594.3 million, respectively.
Financial Performance
In 2024, MongoDB's revenue was $2.01 billion, an increase of 19.22% compared to the previous year's $1.68 billion. Losses were -$129.07 million, -26.91% less than in 2023.
bout MDB
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
MDB) surge 77% yesterday extending the gains to extended market and premarket trading sessions consecutively. Currently up 22%, should the asset break the ceiling of the symmetrical triangle formed the stock might be eyeing the $500 resistant albeit market condition.
MongoDB Just Surged to a New 52-Week High, the company posted stronger-than-expected quarterly results and a solid forecast.
Shares of MongoDB soared nearly 80% Tuesday, a day after the company reported adjusted earnings of $1.32 per share on revenue that increased 19% year-over-year to $628.3 million.1 Analysts surveyed by Visible Alpha had expected $0.82 and $594.3 million, respectively.
Financial Performance
In 2024, MongoDB's revenue was $2.01 billion, an increase of 19.22% compared to the previous year's $1.68 billion. Losses were -$129.07 million, -26.91% less than in 2023.
bout MDB
MongoDB, Inc., together with its subsidiaries, provides general purpose database platform worldwide. The company provides MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premises, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
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⭐⭐⭐ Sign Up for Free ⭐⭐⭐
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2) Join our Chat Room >> discord.gg/x3EQven3ZY
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3) Sign Up for Text Alerts >>
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4) Follow @DEXWireNews on Social Media
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.