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Mongodb (MDB) Updates FY 2019 Earnings Guidance – Fairfield Current

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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