MongoDB (MDB) Stock: Why The Price Jumped Up Today

By Amit Chowdhry ● Mar 9, 2022
  • The stock price of MongoDB Inc (NASDAQ: MDB) increased by over 12% pre-market today. This is why.

The stock price of MongoDB Inc (NASDAQ: MDB) increased by over 12% pre-market today. Investors are responding positively to the company’s fourth-quarter results.

MongoDB reported a Q4 EPS of ($0.09), which was $0.13 better than analyst estimates of ($0.22). And the revenue for the quarter was $266.5 million compared to the consensus estimate of $241.76 million. 

MongoDB expects a Q1 2023 EPS of ($0.12)-($0.08), compared to the consensus of ($0.17). And MongoDB expects Q1 2023 revenue of $263 million-$267 million, compared to the consensus of $253 million. 

Plus MongoDB expects FY2023 EPS of ($0.51)-($0.29), compared to the consensus of ($0.60). And MongoDB expects FY2023 revenue of $1.151 billion-$1.181 billion, versus the consensus of $1.15 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.