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MongoDB, Inc. (MDB) 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.
It also provides professional services, such as consulting and training.
On June 5th, Mongodb Inc Cl A (MDB) reported a Quarter April 2019 loss of $0.22 per share on revenue of $89.4 million. The consensus estimate was a loss of $0.24 per share on revenue of $83.2 million. Revenue grew 85.4% on a year-over-year basis.
The company said it expects a second quarter non-GAAP loss of $0.29 to $0.27 per share on revenue of $90.0 million to $92.0 million. The current consensus estimate is a loss of $0.28 per share on revenue of $86.7 million for the quarter ending July 31, 2019.
The company also said it now expects a fiscal year loss of $1.11 to $1.04 per share on revenue of $375.0 million to $381.0 million. The company's previous guidance was loss of $1.06 to $0.98 per share on revenue of $363.0 million to $371.0 million and the current consensus estimate is a loss of $1.02 per share on revenue of $368.8 million for the year ending January 31, 2020.
Shares have formed a bullish cup and handle and are expected to move higher. The formation is upported by the stock's 50-day moving average.
Entry Point: $147.90
Stop Loss: $139.65
Trading Range: $47.69 - $154.80
Target Price: $161.70
MDB closed at $169.50
