Mongodb (MDB) Releases Q4 2019 Earnings Guidance
Mongodb (NASDAQ:MDB) issued an update on its fourth quarter 2019 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.39–0.38 for the period, compared to the Thomson Reuters consensus estimate of $-0.39. The company issued revenue guidance of $73-74 million, compared to the consensus revenue estimate of $64.69 million.Mongodb also updated its FY 2019 guidance to $-1.53–1.52 EPS.
NASDAQ:MDB opened at $83.73 on Thursday. The stock has a market capitalization of $4.37 billion, a PE ratio of -48.12 and a beta of -0.64. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.01. Mongodb has a 1-year low of $24.62 and a 1-year high of $88.27.
Mongodb (NASDAQ:MDB) last released its earnings results on Tuesday, December 4th. The company reported ($0.30) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.26. The firm had revenue of $65.00 million for the quarter, compared to the consensus estimate of $60.26 million. Mongodb had a negative net margin of 54.74% and a negative return on equity of 55.21%. The company’s revenue was up 56.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.44) EPS. On average, analysts forecast that Mongodb will post -2.27 EPS for the current fiscal year.
In other news, major shareholder Whale Rock Capital Management sold 683,871 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $82.39, for a total transaction of $56,344,131.69. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Dev Ittycheria sold 63,600 shares of the firm’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $84.11, for a total transaction of $5,349,396.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 973,904 shares of company stock worth $79,863,660. Insiders own 40.04% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Mongodb (MDB) Releases Q4 2019 Earnings Guidance” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.watchlistnews.com/mongodb-mdb-releases-q4-2019-earnings-guidance/2664970.html.
Mongodb Company Profile
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.
Further Reading: How accurate is the Rule of 72?
Receive News & Ratings for Mongodb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mongodb and related companies with MarketBeat.com's FREE daily email newsletter.