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MongoDB Inc - MDB STOCK NEWS

Welcome to our dedicated news page for MongoDB (Ticker: MDB), a resource for investors and traders seeking the latest updates and insights on MongoDB.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MongoDB's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MongoDB's position in the market.

Rhea-AI Summary
MongoDB, Inc. is set to host an investor session at MongoDB.local in NYC 2024, featuring keynote presentations from top executives and an exclusive session for investors to engage with the company's leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.41%
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conferences
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Rhea-AI Summary
MongoDB and Google Cloud have expanded their collaboration to make it easier and more cost-effective for customers to build, scale, and deploy generative AI applications. The partnership introduces new solutions for retail and manufacturing, including enhanced support for data processing and industry-specific solutions. MongoDB Enterprise Advanced on Google Distributed Cloud ensures stringent security and data privacy requirements are met. The collaboration aims to provide seamless development environments for creating engaging shopping experiences and data-driven applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
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none
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Rhea-AI Summary
AlleyCorp, a venture capital firm, partners with MLT to launch Peerless pitch competition supporting underrepresented early-stage founders, offering $1 million investment and various support services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.26%
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none
Rhea-AI Summary
MongoDB, Inc. (MDB) reports strong financial results with Fourth Quarter Fiscal 2024 Total Revenue of $458.0 million, up 27% Year-over-Year, and Full Year Fiscal 2024 Total Revenue of $1.68 billion, up 31% Year-over-Year. MongoDB Atlas revenue increased by 34% year-over-year, representing 68% of total Q4 revenue. The company continues to see robust customer growth with over 47,800 customers as of January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.94%
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Rhea-AI Summary
MongoDB, Inc. (MDB) expands MongoDB Atlas, its developer data platform, to 117 cloud regions across major providers AWS, Google Cloud, and Microsoft Azure. The platform offers performance, resilience, security, and flexibility for modern applications, with multi-cloud clusters for seamless application running. Customers can now build, deploy, and run modern applications using MongoDB Atlas in new cloud regions globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
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none
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Rhea-AI Summary
MongoDB, Inc. (MDB) will report its Q4 and full-year fiscal year 2024 financial results on March 7, 2024. A conference call will be held to discuss the results and business outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.26%
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Rhea-AI Summary
MongoDB, Inc. (NASDAQ: MDB) announced its founding membership in the U.S. Artificial Intelligence Safety Institute Consortium (AISIC) to develop standards for the responsible use of AI. The consortium, established by NIST under the U.S. Department of Commerce, aims to create safe and trustworthy AI by defining a new measurement science and promoting the development and responsible use of AI. MongoDB will provide expertise in various fields, including multi-cloud software systems, AI technologies, encryption techniques, and cybersecurity. The consortium, with over 200 member organizations, will work with industry, civil society, academia, and like-minded nations to set AI safety standards globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.88%
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Rhea-AI Summary
MongoDB, Inc. (NASDAQ: MDB) announced that its COO and CFO, Michael Gordon, and SVP of Finance, Serge Tanjga, will present at the Needham Growth Conference on January 16, 2024, at 10:15 a.m. Eastern Time. The presentation will be available via live webcast on the MongoDB investor relations website, with a replay available for a limited time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
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conferences
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Rhea-AI Summary
Ann Lewnes, former Adobe and Intel executive, joins MongoDB, Inc. (NASDAQ: MDB) Board of Directors, bringing marketing and corporate strategy expertise from high-growth technology companies. With decades of experience, Lewnes' appointment is expected to help differentiate MongoDB's developer data platform and drive innovation in the era of generative AI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.66%
Tags
management
Rhea-AI Summary
MongoDB, Inc. (NASDAQ: MDB) reported a total revenue of $432.9 million for the third quarter of fiscal 2024, showing a 30% year-over-year increase. The company also saw strong customer growth with over 46,400 customers as of October 31, 2023. MongoDB Atlas revenue was up 36% year-over-year, accounting for 66% of the total Q3 revenue. The gross profit was $325.9 million, representing a 75% gross margin. However, the company reported a loss from operations of $45.2 million for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.66%
Tags
MongoDB Inc

Nasdaq:MDB

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25.64B
70.32M
3.4%
92.85%
5.16%
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About MDB

mongodb is the next-generation database that helps businesses transform their industries by harnessing the power of data. the world’s most sophisticated organizations, from cutting-edge startups to the largest companies, use mongodb to create applications never before possible at a fraction of the cost of legacy databases. mongodb is the fastest-growing database ecosystem, with over 9 million downloads, thousands of customers, and over 1,000 technology and service partners. learn more at www.mongodb.com.