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Yahoo
08-04-2025
- Business
- Yahoo
Why MongoDB Stock Lost 34% in March
Shares of MongoDB (NASDAQ: MDB) took a dive last month as the maker of NoSQL database software gave disappointing guidance for 2025 and got caught up in the broad market sell-off on fears around waning consumer confidence and the trade war. According to data from S&P Global Market Intelligence, the stock finished the month down 34%. As you can see from the chart, the stock tumbled on the earnings report and stayed down from there, slumping toward the end of the month. MongoDB actually beat estimates in its fourth-quarter earnings report, but guidance was the real problem, as the stock tumbled 27% on March 6 after the report came out. Revenue in the quarter rose 20% to $548.4 million, which easily beat the consensus at $519.8 million. Adjusted earnings per share rose from $0.86 to $1.28, which was well ahead of the consensus at $0.67. Its cloud-based product MongoDB Atlas continued to deliver strong revenue growth, up 24%, and made up 71% of revenue in the quarter, as management noted better-than-expected consumption of Atlas. However, investors were disappointed with its guidance for 2025, as the company called for revenue of $2.24 billion-$2.28 billion, up just 12.4% at the midpoint, a notable slowdown from 19% growth in 2024. That was also below the analyst consensus at $2.32 billion. On the bottom line, the company sees adjusted earnings per share of $2.44-$2.62, which was down from $3.33 in 2024 and worse than the consensus at $3.39. MongoDB also announced a $200 million stock buyback initiative to offset the dilutive impact of its acquisition of Voyage AI, a creator of embedding and reranking models for AI applications. Following the report, several Wall Street analysts downgraded the stock or lowered their price targets, noting the disappointing forecast for the current year. Management said the slowdown in growth in fiscal 2026 -- this year -- is related to a more limited cohort eligible for multiyear deals than in the last two years. It also sees margins headwinds due to the loss of $50 million in multiyear revenue and due to investments in R&D. Those headwinds could lift in fiscal 2027, but the sell-off on the news is understandable. MongoDB is still unprofitable on a generally accepted accounting principles (GAAP) basis, and its forward P/E is roughly 60, based on guidance for adjusted earnings. Before you buy stock in MongoDB, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and MongoDB wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $461,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $578,035!* Now, it's worth noting Stock Advisor's total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 5, 2025 Jeremy Bowman has positions in MongoDB. The Motley Fool has positions in and recommends MongoDB. The Motley Fool has a disclosure policy. Why MongoDB Stock Lost 34% in March was originally published by The Motley Fool
Associated Press
07-03-2025
- Business
- Associated Press
February Recap: 12 Top Technology Press Releases
A roundup of the most newsworthy tech announcements from PR Newswire, including India's largest IT IPO, an app to provide elite private security and HUAWEI's tri-fold smartphone. NEW YORK, March 7, 2025 /PRNewswire/ -- With thousands of press releases published each month, it can be difficult to keep up with everything on PR Newswire. To help tech journalists and consumers stay on top of the month's most popular releases and newsworthy trends, here's a recap of some of the past month's most read- and engaged-with stories. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download. Hexaware Makes History with India's Largest IT Services IPO 'Hexaware's IPO is the largest technology services IPO globally over the last decade and marks an important milestone in the company's journey,' said Patrick McCarter, Co-Head of Global Technology at Carlyle. 'This moment reflects the strength of its talented management team, customer centricity, superior growth profile and differentiated digital capabilities.' 'The formation of three independent, industry-leading companies builds on the powerful foundation we have created, positioning each to pursue tailored growth strategies, and unlock significant value for shareholders and customers,' said Vimal Kapur, Chairman and CEO of Honeywell. Elegoo to Open Pre-Orders for Centauri Carbon on February 17, Bringing Reliable CoreXY 3D Printing The Centauri Carbon is built with a durable, automotive-grade integrated die-cast frame, reinforced by four aluminum alloy pillars and stainless-steel side panels, ensuring exceptional stability and print quality. Its hardened nozzles are designed for printing carbon fiber and other abrasive materials, catering to the growing demand for strong, lightweight prints. Voyage AI's advanced embedding and reranking models enable applications to extract meaning from highly specialized and domain-specific text and unstructured data—ranging from legal and financial documents to images, code, and enterprise knowledge bases. Rhino and Jetty Merge to Create the Largest Security Deposit Insurance Company in the Market The merger unites two established companies that serve more than 6 million rental units. The combined company has helped renters retain over $4 billion in move-in costs, providing a solution to the growing challenge of upfront housing expenses facing American renters. CoreWeave First Cloud Provider to Announce General Availability of NVIDIA GB200 NVL72 Instances Leveraging NVIDIA Quantum-2's SHARP In-Network Computing technology, collective communication can be further optimized, resulting in ultra-low latency and accelerated training speeds. CoreWeave's purpose-built, no-compromises approach to AI workloads, integrated with NVIDIA's world-class architecture, enables companies to harness the full power of the superchip efficiently, in a highly performant and reliable environment. New Mobile App, Protector, Launches to Provide Elite Private Security Protector's mission is to modernize private security solutions, combining mobile tech and world-class professionals to empower proactive and transparent protection. Backed by industry leaders and investors, Protector is redefining private security with user-focused platforms that prioritize speed, reliability, and response. Eudia Secures up to $105M in Series A Funding, Led by General Catalyst, to Transform Legal Work Through AI-Powered Augmented Intelligence As an Augmented Intelligence platform tailored to the unique needs of in-house legal departments, Eudia is reimagining how legal teams operate—providing agentic capabilities that augment human expertise, optimize risk, and unlock significant business value. Triller's dynamic ecosystem of cutting-edge tools allows creators to produce, distribute, and track content effortlessly while maintaining full ownership and control. Whether crafting viral videos or building lasting connections with superfans, Triller unlocks unprecedented opportunities for creators. Palo Alto Networks Introduces Cortex Cloud, the Future of Real-Time Cloud Security Cortex Cloud delivers on Palo Alto Networks platformization strategy by rearchitecting its cloud security solution on the AI-driven Cortex SecOps platform to deliver a powerful unified user experience with persona-driven dashboards and workflows. Cortex Cloud helps customers achieve superior protection at a significantly lower total cost of ownership. Saronic Raises $600M Series C to Take on Autonomous Shipbuilding With this funding, Saronic plans to build Port Alpha, a next-generation shipyard capable of delivering new classes of unmanned ships at the speed and scale needed to protect and defend the maritime domain. From the Advanced Precision Hinge System to the expansive tri-fold screen, the HUAWEI Mate XT ULTIMATE DESIGN leverages a suite of extraordinary technologies to deliver a truly disruptive product. It features the first-ever Advanced Precision Hinge System, within which inward and outward folding hinges operate around a dual-track link. For more news like this, check out all of the latest technology-related releases from PR Newswire. Do you have a technology press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most. Trending Topics Among the technology news that was distributed in February, the PR Newswire team was able spot several larger stories that highlight the trends shaping the industry. Recruitment and Training being 'AI-nfluenced': The increasing use of AI across industries and departments continued to fuel major announcements throughout February, but its use in recruiting and training practices stood out last month. HR departments are increasingly relying on AI to hire, onboard, train and upskill employees, including Randstad partnering with Workday to 'transform hiring with AI', Skillfully launching an AI suite for skills-based hiring and Tandym launching a suite of AI talent solutions. This transition is happening across industries, from technology to energy, health and real estate. The trend doesn't seem to be slowing down, as Perfect's $2.3M seed funding demonstrates. MWC 2025: Mobile World Congress 2025 announcements began in full force at the end of February, with companies announcing their participation and providing glimpses of what to expect at their booths in Barcelona. Communications network firm Fiberhome announced its top 10 innovations shaping digital transformation, WIT Software launched its AI platform for mobile telecom operators, and Mediatek prepared to showcase its 6G innovations. Plus, Huawei launched the Personalized Experience Agent for 5G-A core networks, Meizu debuted its full AI ecosystem and IIIF150 launched its new flagship Raptor 5G. Space Technology: Space-related news was also prominent in February. NASA announced that Intuitive Machines' IM-2 mission was on route to the moon and shared details of the impending return of Crew-9 astronauts and the launch of the Progress 91 spacecraft. Media were also invited to visit NASA's simulated Mars habitat. In other space tech news, Varda Space Industries announced the landing of its second reentry capsule, the first successful commercial space re-entry in Australia and Auburn announced its $11.4Mn DoD contract to ensure reliable military technology in harsh space conditions. Looking Ahead: MWC 2025 (Barcelona, March 3-6) is one to watch in March with a host of innovations and launches announced by participants. Another event to look forward to is SXSW (Austin, March 7-15) with its various tech-related tracks. SXSW includes an Expo and XR Experience which have a greater focus on cutting-edge technology and augmented/virtual reality. Follow the latest from MWC and SXSW. Helping Journalists Stay Up to Date on Industry News These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists. Once they're signed up, reporters, bloggers, and freelancers have access to the following free features: Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more. Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger's next story. Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles. Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more. About PR Newswire PR Newswire is the industry's leading press release distribution partner with an unparalleled global reach of more than 440,000 newsrooms, websites, direct feeds, journalists and influencers and is available in more than 170 countries and 40 languages. From our award-winning Content Services offerings, integrated media newsroom and microsite products, Investor Relations suite of services, paid placement and social sharing tools, PR Newswire has a comprehensive catalog of solutions to solve the modern-day challenges PR and communications teams face. For 70 years, PR Newswire has been the preferred destination for brands to share their most important news stories across the world. For questions, contact the team at [email protected].
Yahoo
06-03-2025
- Business
- Yahoo
MongoDB Inc (MDB) (Q4 2025) Earnings Call Highlights: Strong Revenue Growth and Strategic AI ...
Total Revenue: $548.4 million, a 20% year-over-year increase. Atlas Revenue: Grew 24% year-over-year, representing 71% of total revenue. Non-GAAP Operating Income: $112.5 million, with a 21% operating margin. Net Income: $108.4 million or $1.28 per share. Customer Count: Over 54,500 customers, with over 7,500 direct sales customers. Gross Margin: 75%, down from 77% in the previous year. Free Cash Flow: $22.9 million for the quarter. Cash and Cash Equivalents: $2.3 billion, with a debt-free balance sheet. Fiscal Year 2026 Revenue Guidance: $2.24 billion to $2.28 billion. Fiscal Year 2026 Non-GAAP Operating Income Guidance: $210 million to $230 million. Fiscal Year 2026 Non-GAAP Net Income Per Share Guidance: $2.44 to $2.62. Warning! GuruFocus has detected 4 Warning Sign with THNCF. Release Date: March 05, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MongoDB Inc (NASDAQ:MDB) reported a 20% year-over-year revenue increase, surpassing the high end of their guidance. Atlas revenue grew 24% year over year, now representing 71% of total revenue. The company achieved a non-GAAP operating income of $112.5 million, resulting in a 21% non-GAAP operating margin. MongoDB Inc (NASDAQ:MDB) ended the quarter with over 54,500 customers, indicating strong customer growth. The company is optimistic about the long-term opportunity in AI, particularly with the acquisition of Voyage AI to enhance AI application trustworthiness. Non-Atlas business is expected to be a headwind in fiscal '26 due to fewer multi-year deals and a shift of workloads to Atlas. Operating margin guidance for fiscal '26 is lower at 10%, down from 15% in fiscal '25, due to reduced multi-year license revenue and increased R&D investments. The company anticipates a high-single-digit decline in non-Atlas subscription revenue for the year. MongoDB Inc (NASDAQ:MDB) expects only modest incremental revenue growth from AI in fiscal '26 as enterprises are still developing AI skills. The company faces challenges in modernizing legacy applications, which is a complex and resource-intensive process. Q: Can you explain the impact of the multi-year deals on your fiscal year '26 guidance? Is it just a mechanical issue or a change in customer behavior? A: Serge Tanjga, Interim CFO, explained that the fiscal year '24 had exceptionally strong multi-year performance, which led to a lower renewal base for fiscal year '26. This is not a change in trends but rather a result of having fewer opportunities for multi-year deals due to the strong performance in previous years. Q: How will the Voyage AI acquisition be integrated into MongoDB's offerings, and will it be available to non-MongoDB customers? A: Dev Ittycheria, CEO, stated that Voyage AI will continue to offer its models to third parties, which will help bring new users into the MongoDB ecosystem. The integration will enhance MongoDB's platform by providing auto embeddings and other features, making it available to all customers, including those not currently using MongoDB. Q: What drove the decision to acquire Voyage AI, and how does it fit into your portfolio? A: Dev Ittycheria explained that the acquisition addresses the risk of hallucinations in AI applications by providing embedding and re-ranking models. These models improve the quality and trustworthiness of AI applications, which is crucial for mission-critical use cases in regulated industries. Q: Can you elaborate on the operating expense guidance and the reasons for increased investments? A: Serge Tanjga noted that the company is reallocating and reinvesting resources to capitalize on the AI opportunity. The decision to invest more aggressively is driven by the potential long-term benefits and the desire to maximize MongoDB's competitive position in the evolving AI landscape. Q: How are Atlas consumption trends shaping up, and what factors are influencing these trends? A: Serge Tanjga highlighted that Q4 consumption was slower due to seasonal factors, but the company expects stable consumption growth in fiscal year '26. This stability is supported by a strong fiscal year '25 workload cohort and improved sales productivity, which should offset the growing base effect. Q: What is the expected impact of AI workloads on MongoDB's business, and when do you anticipate seeing significant growth from these workloads? A: Dev Ittycheria mentioned that while AI workloads are still in the early stages, MongoDB is well-positioned to support them due to its flexible data model and integrated AI capabilities. The company expects gradual adoption as customers develop AI skills and address trust issues, with significant growth anticipated in the future. Q: How is MongoDB's move upmarket progressing, and what impact does it have on your financial guidance? A: Dev Ittycheria reported positive progress in moving upmarket, with increased sales productivity and a growing number of million-dollar customers. The company has reallocated resources to focus on strategic accounts, which is reflected in the guidance and expected to drive further growth. Q: How does MongoDB's competitive position compare to Postgres and the hyperscalers, and what differentiates your offerings? A: Dev Ittycheria emphasized that MongoDB offers a more comprehensive solution than Postgres by integrating multiple functionalities like search and vector databases. The company maintains strong relationships with hyperscalers and believes its architectural advantages will drive future growth in the AI era. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Bloomberg
24-02-2025
- Business
- Bloomberg
MongoDB Buys Voyage AI for $220 Million to Bolster AI Search
Database company MongoDB Inc. said it's acquiring Voyage AI for $220 million in a cash-and-stock deal to fast-track its ability to help its customers build artificial intelligence-powered applications. Through the deal, New York-based MongoDB aims to integrate Voyage's retrieval tools for higher-quality AI outputs with real-time operational data for businesses, allowing its customers to develop AI applications more easily and deploy them for higher-stakes uses. MongoDB helps manage data and develop applications for Google-parent Alphabet Inc., Microsoft Corp., Alteryx Inc., Inc., Deloitte LLP and International Business Machines Corp.
