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MongoDB (MDB) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, MongoDB (MDB - Free Report) closed at $132.27, marking a -1.01% move from the previous day. This change lagged the S&P 500's 0.21% loss on the day. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.16%.
Prior to today's trading, shares of the database platform had lost 8.87% over the past month. This has lagged the Computer and Technology sector's gain of 3.11% and the S&P 500's gain of 2.07% in that time.
MDB will be looking to display strength as it nears its next earnings release. On that day, MDB is projected to report earnings of -$0.24 per share, which would represent year-over-year growth of 44.19%. Our most recent consensus estimate is calling for quarterly revenue of $83.17 million, up 72.49% from the year-ago period.
MDB's full-year Zacks Consensus Estimates are calling for earnings of -$1.01 per share and revenue of $368.77 million. These results would represent year-over-year changes of -1% and +43.95%, respectively.
Investors should also note any recent changes to analyst estimates for MDB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. MDB currently has a Zacks Rank of #1 (Strong Buy).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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MongoDB (MDB) Dips More Than Broader Markets: What You Should Know
In the latest trading session, MongoDB (MDB - Free Report) closed at $132.27, marking a -1.01% move from the previous day. This change lagged the S&P 500's 0.21% loss on the day. Elsewhere, the Dow lost 0.46%, while the tech-heavy Nasdaq lost 0.16%.
Prior to today's trading, shares of the database platform had lost 8.87% over the past month. This has lagged the Computer and Technology sector's gain of 3.11% and the S&P 500's gain of 2.07% in that time.
MDB will be looking to display strength as it nears its next earnings release. On that day, MDB is projected to report earnings of -$0.24 per share, which would represent year-over-year growth of 44.19%. Our most recent consensus estimate is calling for quarterly revenue of $83.17 million, up 72.49% from the year-ago period.
MDB's full-year Zacks Consensus Estimates are calling for earnings of -$1.01 per share and revenue of $368.77 million. These results would represent year-over-year changes of -1% and +43.95%, respectively.
Investors should also note any recent changes to analyst estimates for MDB. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. MDB currently has a Zacks Rank of #1 (Strong Buy).
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 57, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.