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Migration to MongoDB from Existing Key-Value Database Helps Elsevier Scale, Reduce Costs by 55 Percent and Gain Better Insights into the World’s Largest Repository of Scientific Data. December 06, 2018 04:00 ET | Source:MongoDB, Inc. LONDON, Dec. 06, 2018 (GLOBE NEWSWIRE) -- MongoDB (Nasdaq: MDB) announced today that the global information analytics business Elsevier has transformed its ability to manage its research assets and build new, intuitive services by switching to MongoDB, the leading modern, general purpose database platform. To ensure user access is as fast and seamless as possible, MongoDB manages the richly structured metadata for each asset, including title, author, date, abstract, version numbers, distribution rights – all essential attributes needed to power Elsevier’s publishing platform and associated business model. In the future, MongoDB’s database as a service, MongoDB Atlas, will assist Elsevier in passing the responsibility for all of the provisioning, managing, monitoring, and upgrades to MongoDB, freeing up its development team’s bandwidth to focus on meeting the needs of both the business and the scientific community it serves.

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The company issued revenue guidance of $243.7-244.7 million, compared to the consensus revenue estimate of $230.58 million.Mongodb also updated its FY19 guidance to ($1.53-1.52) EPS. Monness Crespi & Hardt boosted their price target on shares of Mongodb from $60.00 to $90.00 and gave the stock a buy rating in a research report on Thursday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. 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.

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Canaccord Genuity upped their price objective on Mongodb from $54.00 to $78.00 and gave the stock a buy rating in a research report on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.01. During the same period in the prior year, the firm earned ($0.44) EPS. As a group, research analysts forecast that Mongodb will post -2.27 earnings per share for the current fiscal year.

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The company reported ($0.30) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.56) by $0.26, Bloomberg Earnings reports. Mongodb had a negative return on equity of 52.67% and a negative net margin of 57.74%. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.01. Finally, Morgan Stanley increased their target price on shares of Mongodb from $41.00 to $66.00 and gave the stock an “equal weight” rating in a report on Thursday, August 30th.

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The company issued revenue guidance of $73-74 million, compared to the consensus revenue estimate of $64.77 million.Mongodb also updated its FY 2019 guidance to $-1.53–1.52 EPS. 2,730,982 shares of the stock were exchanged, compared to its average volume of 837,708. Finally, Morgan Stanley upped their target price on Mongodb from $41.00 to $66.00 and gave the stock an equal weight rating in a report on Thursday, August 30th. 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.

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We also continue to extend the differentiation of our database platform with the recent release of MongoDB Mobile and enhancements to MongoDB Stitch, which enables developers to innovate much faster than they can on alternative platforms.”. MongoDB will host a conference call today, December 4, 2018, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. The MongoDB database platform has been downloaded over 45 million times and there have been more than one million MongoDB University registrations. Forward-Looking Statements. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit additional highly-qualified personnel; the price volatility of our common stock; and those risks detailed from time-to-time under the caption “Risk Factors” and elsewhere in our Securities and Exchange Commission (“SEC”) filings and reports, including our Annual Report on Form 10-K filed on March 30, 2018 and our Quarterly Report on Form 10-Q filed on September 7, 2018, as well as future filings and reports by us.

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Analysts expect MongoDB, Inc. (NASDAQ:MDB) to report $-0.56 EPS on December, 11.They anticipate $0.83 EPS change or 59.71 % from last quarter’s $-1.39 EPS. After having $-0.59 EPS previously, MongoDB, Inc.’s analysts see -5.08 % EPS growth. The stock decreased 0.84% or $0.69 during the last trading session, reaching $81.21. More notable recent MongoDB, Inc. (NASDAQ:MDB) news were published by: Seekingalpha.com which released: “MongoDB: Look At The Big Picture – Seeking Alpha” on June 12, 2018, also Seekingalpha.com with their article: “MongoDB: A Well-Deserved Rally – Seeking Alpha” published on March 14, 2018, Benzinga.com published: “Analyst Downgrades Mongodb (NASDAQ:MDB) To Reflect ‘Intense Competition’ – Benzinga” on October 02, 2018.

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Can we say the same about MongoDB(NASDAQ: MDB), another Rule Breakers pick that's showing signs of capturing the imaginations of the millions of developers who use the product daily? Total revenue was up 61% in the second quarter, while the company's customer count -- now 7,400 -- rose 72% year over year. Ambitious, effective innovation will be required to make continued gains against a hard-nosed competitor like Oracle, so it's worth understanding how effective MongoDB's research and development (R&D) efforts have been to date, and whether we have reason to expect even better results. Motley Fool CEO Tom Gardner put that question to me. Since it's generally good for job security to listen when the chief executive speaks, version 2.0 of the innovation test includes a sliding-scale scoring system.

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MongoDB, Inc. to Present at the Wells Fargo Tech Summit. November 28, 2018 16:05 ET | Source:MongoDB, Inc. NEW YORK, Nov. 28, 2018 (GLOBE NEWSWIRE) -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced that its Chief Financial Officer, Michael Gordon, will present at the Wells Fargo Tech Summit in Park City, UT. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/events-and-presentations/events. MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build.

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Analysts expect MongoDB, Inc. (NASDAQ:MDB) to report $-0.56 EPS on December, 11.They anticipate $0.83 EPS change or 59.71 % from last quarter’s $-1.39 EPS. After having $-0.59 EPS previously, MongoDB, Inc.’s analysts see -5.08 % EPS growth. It offers MongoDB Enterprise Advanced, a subscription package for enterprise clients to run in the cloud or in a hybrid environment; MongoDB Atlas, a cloud hosted database-as-a-service solution; Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB; and MongoDB Stitch, a backend-as-a-service designed to simplify application development. More notable recent MongoDB, Inc. (NASDAQ:MDB) news were published by: Seekingalpha.com which released: “MongoDB: Unexciting Results Will Pressure Gains – Seeking Alpha” on June 07, 2018, also Seekingalpha.com with their article: “MongoDB issues new open source license – Seeking Alpha” published on October 16, 2018, Seekingalpha.com published: “MongoDB: Risky At All-Time Highs – Seeking Alpha” on September 09, 2018.

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