MongoDB, Inc. (NASDAQ:MDB) is reporting second quarter earnings results on Wednesday 2nd September 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.39 per share from $ 126.77 million in revenue.
For the full year, analysts predict revenues of $ 529.23 million, while looking forward to loss of $ 1.26 per share.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 125.00 million ~ $ 127.00 million
Full Year 2021 topline are forecasted in a range of$ 520.00 million ~ $ 530.00 million, where as bottomline are predicted in a range of $ -1.34 ~ $ -1.21 per share
Click Here For More Historical Outlooks Of MongoDB, Inc.
Previous Quarter Performance
MongoDB, Inc. unfold loss for the first quarter of $ 0.13 per share, from the revenue of $ 130.33 million. Street analysts expected MongoDB, Inc. to report loss of $ 0.24 per share on revenue of $ 119.40 million for the first quarter. The bottom line results beat street analysts by $ 0.11 or 45.83 percent, at the same time, top line results outshined analysts by $ 10.93 million or 9.15 percent.
Stock Performance
Shares of MongoDB, Inc. traded up $ 20.05 or 8.58 percent on Tuesday, reaching $ 253.85 with volume of 1.13 million shares. The stock opened positive for the day at $ 235.12, after closing the previous day trading at $ 233.80.
According to the previous trading day, closing price of $ 233.80, representing a 149.23 % increase from the 52 week low of $ 93.81 and a 7.99 % decrease over the 52 week high of $ 254.10.
The company has a market capital of $ 12.87 billion and is part of the Technology sector and Software – Application industry.
Conference Call
MongoDB, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd September 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, 844-808-6880 U.S. or 412-317-5284 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/mdb/mediaframe/40222/indexr.html
MongoDB, Inc. operates as a general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a subscription package for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a cloud-hosted database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.
