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2 clusters · 7 sources · 15 days · First seen · Last updated

MongoDB financial performance and analyst outlook

Overview

MongoDB Inc. reported strong second-quarter fiscal 2027 financial results, marked by a 30% year-over-year revenue increase to $771.8 million and a net income of $40.9 million. This performance represented a turnaround from a net loss during the same period the previous year. Growth was attributed to the Atlas cloud platform and momentum in AI use cases. While the company raised its full-year revenue guidance, its stock saw an after-hours decline of approximately 13% due to a third-quarter revenue outlook that suggested a sequential step down.

Following these results, financial analysts have adjusted their outlooks. Scotiabank raised its fiscal year 2027 earnings per share estimates from a projected loss of $0.03 to a profit of $0.42, maintaining a ‘Sector Outperform’ rating. Other institutions, including Barclays, Wells Fargo, and Oppenheimer, also raised their price targets for the company.

Entities

Scotiabank · Bank of America · Royal Bank of Canada · MongoDB, Inc. · MYR Group Inc.

Timeline

  1. 7 days ago

    [BUSINESS] 2 sources
    MongoDB receives boosted earnings forecasts from Scotiabank

    Scotiabank raised its FY2027 EPS forecast for MongoDB to a profit of $0.42 per share, following strong quarterly revenue and earnings that exceeded analyst expectations.

  2. 22 days ago

    [BUSINESS] 7 sources
    MongoDB reports 30% revenue growth and raises full-year guidance

    MongoDB reported a 30% revenue increase to $771.8 million and raised full-year guidance, but shares fell after-hours due to a sequential decline in third-quarter revenue outlook.

Sources

cryptonomist.ch · finanzen.at · finanzen.ch · newsable.asianetnews.com · prodiris.fr · seekingalpha.com · stocknews.com