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Yahoo
21 hours ago
- Business
- Yahoo
MongoDB Soars 17% After Blowout Quarter, Analysts Boost Price Targets
June 5 - Shares of MongoDB (NASDAQ:MDB) climbed about 17% in Thursday's premarket trading after the company topped expectations for its fiscal first quarter and raised full-year guidance, according to a press release. Revenue for the quarter grew 6%, driven by stronger-than-expected performance from its cloud database product, Atlas. Analysts from Wedbush, BofA Securities, and Morgan Stanley reiterated their bullish stance on the stock, pointing to improving business momentum and AI-driven opportunities. Warning! GuruFocus has detected 5 Warning Sign with MSFT. Atlas revenue came in at $395 million, growing 1.3% from the previous quarter, outperforming guidance. MongoDB also added a record 2,700 new customers in the period. Non-Atlas segments, including Enterprise Advanced, generated $136 million, slightly ahead of forecasts. Wedbush maintained its Outperform rating with a $300 price target, citing growing demand for legacy modernization and AI adoption. The firm highlighted the impact of the Voyage AI acquisition and said MongoDB is in the early stages of unlocking value from Atlas. Morgan Stanley lifted its price target to $255 from $235, while BofA reaffirmed its $275 target. Analysts said Atlas growth of 26% year-over-year and strong customer trends support long-term upside. Mike Berry took over as CFO on May 27, with analysts expecting a smooth transition. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
21 hours ago
- Business
- CNBC
MongoDB jumps 15% after company boosts guidance, cites confidence in cloud-based database service
MongoDB shares surged 15% after the software company surpassed fiscal first-quarter earnings expectations and raised its outlook, citing growing confidence in its cloud-based database service. Revenues hit $549 million during the period, jumping 22% from more than $450 million in the year-ago period. That topped a $528 million estimate from analysts polled by LSEG. Adjusted earnings per share reached $1.00, surpassing the 66 cents per share projected by analysts. "We are confident in our position to drive profitable growth as we benefit from this next wave of application development," said CEO and president Dev Ittycheria in a release. For the 2026 fiscal year, MongoDB raised its guidance, saying it now expects between $2.25 billion and $2.29 billion in revenue and $2.94 to $3.12 in adjusted earnings per share. MongoDB previously forecast revenues between $2.24 billion and $2.28 billion and adjusted earnings of $2.44 to $2.62 per share for the year. MongoDB expects revenues to range between $548 million and $553 million in the current fiscal quarter. Adjusted earnings are forecasted to reach 62 cents to 66 cents per share during the period. During a company earnings call, finance chief Mike Berry cited "continued confidence" in its Atlas cloud-based database services and "timing differences" in its Enterprise Advanced database business as the reason for the guidance boost. Berry took over the role at the end of May. MongoDB said revenues for Atlas during the quarter grew 26% from a year ago and accounted for 72% of total revenues. "As digital transformation and public cloud adoption remain top priorities, we believe MongoDB is well positioned to capitalize on growth from net new workloads and re-platforming of legacy applications," wrote Goldman Sachs analyst Kash Rangan in a note to clients. The database software maker's net loss narrowed from a year ago to $37.6 million, or a loss of 46 cents per share. That's down from a net loss of $80.6 million, or a loss of $1.10 per share last year. The company also boosted its share buyback plan by $800 million to $1 billion.
Yahoo
29-05-2025
- Business
- Yahoo
Box (BOX) Stock Gets a Boost After Q1 Beat – But Will Second-Half Headwinds Hold It Back?
We recently published a list of . In this article, we are going to take a look at where Box, Inc. (NYSE:BOX) stands against other AI stocks on latest news and ratings. On May 28, JPMorgan has increased its price target for Box, Inc. (NYSE:BOX) from $37 to $39 while maintaining an 'Overweight' rating on the company's shares. Box, Inc. (NYSE:BOX) develops intelligent content cloud software. Analyst Pinjalim Bora noted how Box has had a robust start to the year, but also indicated that its guidance integrates a degree of conservatism, positioning the company well in the current market environment. A close-up of a laptop with a screen revealing the 25 languages supported by the company's cloud content management platform. Box's reported performance demonstrated calculated billings growth of 27% year-over-year (y/y) in USD, topping the consensus estimate of 13% y/y growth. While some of this growth benefited from early renewals despite normalizing, the figures exceeded guidance. The company attributed the growth to strong demand for Box's Enterprise Advanced SKU and AI offerings. The firm also noted how Box has had many positive indicators. For instance, revenue for the quarter was said to be in line with expectations, while pro forma earnings per share (PF EPS) beat forecasts. Nevertheless, the company management has cautioned about its second-half guidance owing to macroeconomic uncertainties. For this reason, it has adjusted its billings growth outlook in CC but maintained its revenue growth forecast. The analyst further highlighted the successful adoption of Box's bundled offerings and the potential for AI to generate significant consumption-based revenue when discussing its first quarter. The lowered billings growth guidance for the fiscal year was seen as the only concern, which may have investors questioning demand in the second half. Overall, JPMorgan maintains a positive medium-term outlook on Box, noting its position in the industry, particularly with the introduction of Agentic AI. Overall, BOX ranks 11th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of BOX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BOX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Box (BOX) Stock Gets a Boost After Q1 Beat – But Will Second-Half Headwinds Hold It Back?
We recently published a list of . In this article, we are going to take a look at where Box, Inc. (NYSE:BOX) stands against other AI stocks on latest news and ratings. On May 28, JPMorgan has increased its price target for Box, Inc. (NYSE:BOX) from $37 to $39 while maintaining an 'Overweight' rating on the company's shares. Box, Inc. (NYSE:BOX) develops intelligent content cloud software. Analyst Pinjalim Bora noted how Box has had a robust start to the year, but also indicated that its guidance integrates a degree of conservatism, positioning the company well in the current market environment. A close-up of a laptop with a screen revealing the 25 languages supported by the company's cloud content management platform. Box's reported performance demonstrated calculated billings growth of 27% year-over-year (y/y) in USD, topping the consensus estimate of 13% y/y growth. While some of this growth benefited from early renewals despite normalizing, the figures exceeded guidance. The company attributed the growth to strong demand for Box's Enterprise Advanced SKU and AI offerings. The firm also noted how Box has had many positive indicators. For instance, revenue for the quarter was said to be in line with expectations, while pro forma earnings per share (PF EPS) beat forecasts. Nevertheless, the company management has cautioned about its second-half guidance owing to macroeconomic uncertainties. For this reason, it has adjusted its billings growth outlook in CC but maintained its revenue growth forecast. The analyst further highlighted the successful adoption of Box's bundled offerings and the potential for AI to generate significant consumption-based revenue when discussing its first quarter. The lowered billings growth guidance for the fiscal year was seen as the only concern, which may have investors questioning demand in the second half. Overall, JPMorgan maintains a positive medium-term outlook on Box, noting its position in the industry, particularly with the introduction of Agentic AI. Overall, BOX ranks 11th on our list of AI stocks on latest news and ratings. While we acknowledge the potential of BOX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BOX and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
28-05-2025
- Business
- Yahoo
Box Q1 Earnings Beat Estimates, Revenues Up Y/Y, Shares Rise
Box BOX reported first-quarter fiscal 2026 non-GAAP earnings of 30 cents per share (including 1 cent of unfavorable forex impacts), which declined 23.1% year over year. The figure exceeded the Zacks Consensus Estimate by 20%.Total revenues of $276.3 million surpassed the consensus mark by 0.67%. The top line increased 4.4% year over year on a reported basis and 5% on a constant-currency (cc) year-over-year revenue increase was primarily driven by the strong momentum of BOX Suites offerings, which bundle multiple products and services into comprehensive solutions for the release of the first quarter of fiscal 2026 results, Box shares gained 11.35% in the pre-market trading. Box, Inc. price-consensus-eps-surprise-chart | Box, Inc. Quote Billings were $242.3 million in the reported quarter, increasing 27% year over year (17% growth on a cc basis), with a tailwind of 400 basis points from early renewals and 700 basis points from favorable foreign exchange (FX). The company generated 61% of its revenues from Suite's customers in the first quarter of fiscal 2026. Continued growth in customer demand for Box AI and Enterprise Advanced contributed to strong Suite momentum. In the first quarter of fiscal 2026, Box introduced a new Box AI Agent for Microsoft MSFT 365 Copilot to help customers securely search, analyse, and act on Box content directly within Microsoft 365, Microsoft Copilot Chat, and Microsoft net retention rate was 102% at the end of the fiscal first quarter, up 100 bps year over company's remaining performance obligations (RPO) totaled $1.469 billion, reflecting a 21% year-over-year increase (17% on a cc basis). This includes $812 million in short-term RPO and $657 million in long-term RPO. The non-GAAP gross margin for first-quarter fiscal 2026 was 80.5%, expanding 30 bps year over operating expenses of $209.3 million increased 11.1% year over year. As a percentage of revenues, the figure expanded 460 bps from the year-ago quarter to 75.7%.On a non-GAAP basis, the company recorded an operating margin of 25.3%, which contracted 130 bps year over year. As of April 30, 2025, cash and cash equivalents were $689.7 million, up from $624.6 million as of Jan. 31, short-term investments amounted to $100.7 million, an increase from $98.2 million in the previous debt was pegged at $449.2 million at the reported quarter's end compared with $448.6 million at the previous quarter's generated $127.1 million in cash from operations in the fiscal first quarter, up from $102.2 million in the previous company generated a non-GAAP free cash flow of $118.3 million in the reported repurchased 1.6 million shares for $50 million in first-quarter fiscal 2026. As of April 30, 2025, approximately $152 million of buyback capacity was remaining under Box's current share repurchase plan. For the second quarter of fiscal 2026, Box expects revenues between $290 million and $291 million, suggesting an 8% rise from the prior-year reported figure. The cc growth rate is pegged at 6%. This includes an expected positive impact of approximately 220 basis points due to a non-GAAP basis, BOX expects earnings of 30-31 cents per share. The non-GAAP operating margin for the fiscal second quarter is expected to be 28%.For fiscal 2026, BOX expects revenues between $1.16 billion and $1.17 billion, indicating a year-over-year increase of 7%. This includes an expected positive impact of approximately 120 basis points due to earnings are expected between $1.22 and $1.26 per share. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The non-GAAP operating margin for the fiscal year is expected to be 28%. Currently, Box carries a Zacks Rank #4 (Sell).PagerDuty PD and GitLab GTLB are some better-ranked stocks that investors can consider in the broader sector. Each stock presently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks shares have lost 11.3% year to date. PD is set to report its first-quarter fiscal 2026 results on May shares have lost 14.8% year to date. GTLB is set to release its first-quarter fiscal 2026 results on June 10. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report Box, Inc. (BOX) : Free Stock Analysis Report PagerDuty (PD) : Free Stock Analysis Report GitLab Inc. (GTLB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
