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MongoDB (MDB) Stock News, Nov 2021-May 2022

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MongoDB, Inc. develops a document-oriented database and unified data platform for modern applications. Company news commonly covers MongoDB Atlas, its fully managed cloud offering; MongoDB Enterprise Advanced, its self-managed enterprise product; and platform capabilities spanning operational data, search, real-time analytics, vector search, embeddings, and AI-powered data retrieval.

Recurring updates include quarterly earnings announcements, Atlas revenue trends, product releases tied to AI agent workloads, customer adoption, executive and product leadership changes, investor presentations, and expansion of engineering and customer-facing operations. The company serves developers and enterprise customers across industries through a cloud and software platform model.

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MongoDB announced it will host an investor session at MongoDB World 2022, its annual user conference, on June 7, 2022. The event will begin at 9:00 a.m. ET with keynote presentations from President & CEO Dev Ittycheria and Chief Product Officer Sahir Azam, followed by the investor session from 11:00 a.m. to 2:00 p.m. ET. Investors can attend in-person in New York City or register for the live webcast. MongoDB is a leading database platform with over 33,000 customers globally.

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MongoDB has launched a new pay-as-you-go MongoDB Atlas offering on Google Cloud, enhancing the subscription experience for developers and enterprises. This model enables customers to pay only for the resources they use without any upfront commitments, facilitating easier management of data-rich applications. The offering allows scalability and flexibility for companies of all sizes, from startups to large enterprises. MongoDB Atlas integrates seamlessly within the Google Cloud Console, contributing to improved customer success through simplified migration and deployment.

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MongoDB, Inc. (NASDAQ: MDB) has expanded its strategic collaboration with Amazon Web Services (AWS), committing to a six-year agreement aimed at enhancing customer workload migrations to the cloud. The initiative focuses on integrated sales, marketing, and developer enablement, alongside new migration incentives. This partnership aims to improve the customer experience for MongoDB Atlas on AWS and support expansion into new AWS regions. The collaboration reflects a joint effort to drive cloud adoption and support developers in creating resilient applications.

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MongoDB reported robust fourth-quarter results for the fiscal year ended January 31, 2022, showcasing significant growth with total revenue of $266.5 million, up 56% year-over-year. Notable highlights include an 85% increase in Atlas revenue, leading to annualized revenue surpassing $1 billion. However, MongoDB faced a net loss of $84.4 million or $1.26 per share. Looking ahead, the company anticipates first-quarter revenue between $263 million and $267 million, with a full-year expectation of $1.151 billion to $1.181 billion.

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MongoDB, Inc. (NASDAQ: MDB) will present at the Morgan Stanley Technology, Media & Telecom Conference on March 9, 2022, at 8:00 a.m. PT (11:00 a.m. ET) in San Francisco, CA. President and CEO Dev Ittycheria and COO and CFO Michael Gordon will lead the presentation. A live webcast can be accessed on MongoDB's investor relations website at this link. The company serves over 31,000 customers globally, with its database platform downloaded over 210 million times.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of MongoDB (MDB)?

MongoDB (MDB) last closed at $312.83.

What is the market cap of MongoDB (MDB)?

The market cap of MongoDB (MDB) is approximately $25.2B.