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) generates a steady flow of news as a software publisher and provider of a unified, intelligent data platform headquartered in New York. News about MongoDB often centers on its financial performance, product innovations, AI-related capabilities, and participation in technology and investor conferences.
Earnings releases are a key component of MongoDB news. The company regularly announces quarterly financial results, including total revenue, subscription and services revenue, customer additions, and cash flow metrics. Management commentary in these releases frequently highlights the growth of MongoDB Atlas, the company’s fully managed cloud database service, and the adoption of its platform for AI applications.
MongoDB also issues news about product and platform developments. Recent announcements have covered the integration of search and vector search capabilities into MongoDB Community Edition and MongoDB Enterprise Server, as well as the launch of MongoDB AMP, an AI-powered Application Modernization Platform designed to help enterprises modernize legacy applications. These updates illustrate how the company is extending its database technology to support AI, search, and modernization use cases.
Another recurring news theme is MongoDB’s engagement with the broader technology and financial communities. The company frequently announces its participation in global technology, AI, and TMT conferences hosted by major financial institutions, as well as investor sessions at its own MongoDB.local events. Leadership changes and governance updates, such as CEO transitions and annual meeting results, are disclosed through press releases and related SEC filings.
Investors and followers of MDB stock can use this news page to review earnings announcements, product launch updates, AI and search feature expansions, conference presentations, and corporate governance developments. Returning to this page provides a consolidated view of how MongoDB communicates its strategy, financial progress, and technology roadmap over time.
MongoDB (NASDAQ: MDB) is set to report its fourth quarter and full year fiscal 2022 results on March 8, 2022, after market close. The announcement will be followed by a conference call at 5:00 p.m. ET to discuss financial results and future outlook. As a prominent database platform, MongoDB serves over 31,000 customers worldwide and boasts more than 210 million downloads of its database.
MongoDB, Inc. (NASDAQ: MDB) announced its Chief Operating Officer, Michael Gordon, and Senior VP of Finance, Serge Tanjga, will present at the 24th Annual Needham Virtual Growth Conference on January 10, 2022, at 11:30 a.m. Eastern Time. The presentation will be accessible via a live webcast on the MongoDB investor relations website, with a replay available for a limited time. MongoDB is a leading general-purpose database platform with over 31,000 customers worldwide.
The MACH Alliance announced the addition of a new "Enabler" membership category, with MongoDB and Netlify as the first members. This category is designed for organizations that facilitate MACH services without directly offering a MACH solution. MongoDB, a leading database platform with over 31,000 customers globally, emphasizes the importance of open architecture and interoperability. Netlify, a web developer platform, aims to enhance website scalability and security. The announcement marks a significant milestone as the MACH Alliance's global membership approaches 50.
MongoDB reported strong third quarter fiscal 2022 results with total revenue of $226.9 million, up 50% year-over-year. Subscription revenue grew 51% to $217.9 million, and gross profit reached $158.4 million, yielding a 70% gross margin. However, the company reported a net loss of $81.3 million, compared to $72.7 million in the prior year. MongoDB's cash position is robust with $1.8 billion available. The company forecasts fourth quarter revenue between $239.0 million and $242.0 million. New features in MongoDB 5.1 are expected to enhance real-time data analytics.
MongoDB, Inc. (NASDAQ: MDB) announces participation in two virtual conferences: the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, at 9:45 AM ET, and the UBS Global TMT Conference on December 8, 2021, at 9:00 AM ET. Presenters Michael Gordon and Serge Tanjga will be featured at both events, with webcasts available live on the company's investor relations page. MongoDB serves over 29,000 customers globally, with more than 200 million downloads of its platform.
MongoDB, Inc. (NASDAQ: MDB) announced a new pay-as-you-go offering in AWS Marketplace for MongoDB Atlas, set to launch in Q1 2022. This initiative simplifies subscription processes for developers and enterprises, allowing them to pay only for resources used without upfront commitments. Additionally, customers can procure MongoDB Professional Services through AWS Marketplace. The collaboration aims to improve the integration of MongoDB Atlas within the AWS ecosystem, enhancing customer experience and facilitating the management of data-rich applications.
MongoDB, Inc. (NASDAQ: MDB) has announced that it will report its third quarter financial results for the fiscal year 2022 on December 6, 2021, after the U.S. markets close. The results will cover the three months ended October 31, 2021. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the financial results and business outlook. The call will be accessible via the investor relations page on the company's website. MongoDB has over 29,000 customers globally and its database has been downloaded over 200 million times.
Summary not available.
MongoDB has joined the LOT Network, a non-profit consortium aimed at protecting members from litigation by patent assertion entities (PAEs). This move enhances MongoDB's commitment to innovation and its proactive measures against costly patent-related lawsuits. With the LOT Network covering over 3.1 million patent assets globally, MongoDB's membership will secure its intellectual property. The company continues to advocate for fair use of intellectual property in the tech industry.
MongoDB has announced the redemption of its $1,875,000 outstanding convertible senior notes due 2024, with a redemption date set for December 3, 2021. The notes can be converted into shares before 5:00 p.m. on December 2. The conversion rate is 14.6738 shares of class A common stock for every $1,000 principal. The company will settle conversions with shares and cash for any fractional amounts. This strategic decision is part of MongoDB's ongoing financial management to optimize its capital structure.
FAQ
What is the current stock price of Mongodb (MDB)?
What is the market cap of Mongodb (MDB)?
