Is MongoDB A Good Stock To Buy?

by | Last updated on January 24, 2024

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MongoDB has received a consensus rating of Buy . The company’s average rating score is 2.79, and is based on 11 buy ratings, 3 hold ratings, and no sell ratings.

What company owns MongoDB?

MongoDB was founded in 2007 by Dwight Merriman, Eliot Horowitz and Kevin Ryan – the team behind DoubleClick. At the Internet advertising company DoubleClick (now owned by Google ), the team developed and used many custom data stores to work around the shortcomings of existing databases.

Is MongoDB publicly traded?

On October 20, 2017, MongoDB became a publicly traded company , listed on NASDAQ as MDB with an IPO price of $24 per share. MongoDB is a global company with US headquarters in New York City and International headquarters in Dublin.

Why is MongoDB stock going up?

MongoDB Inc (NASDAQ: MDB) is trading significantly higher Friday after the company announced better-than-expected second-quarter fiscal 2022 financial results and issued guidance above estimates.

Is MDB a buy or sell?

Zacks Rank Definition Annualized Return 1 Strong Buy 25.60% 2 Buy 19.21% 3 Hold 10.85% 4 Sell 6.62%

How does MongoDB earn money?

In the prospectus, the story is that Mongo makes its money through subscriptions . ... Using it will save you tonnes of money compared to Oracle, as our software is essentially free. In order to save all this money, you’ll need to pay us $35,000 a year for our support services.

Is MongoDB a good company?

We’re thrilled to announce that MongoDB has made Crain’s 2021 Best Places to Work in New York City list. This is the fifth year in a row that we’ve ranked among Crain’s top 100 companies in New York City, coming in at #29 for 2021. Among large companies specifically, MongoDB ranks #14 out of 47 .

Is MongoDB completely free?

Is MongoDB Free ? You can get started with a MongoDB developer sandbox in MongoDB Atlas for free with basic configuration options. No credit cards are required to provision a cluster, and you can use it to explore and learn more about MongoDB Atlas, the database-as-a-service platform from MongoDB.

Why is MDB stock up?

Shares of MongoDB (NASDAQ:MDB) were skyrocketing Friday after the cloud-based database specialist outperformed Wall Street’s expectations on both the top and bottom lines in its fiscal second quarter and offered better-than-expected guidance. As of 12:59 p.m. EDT, the stock was up 24.7% .

Is MDB a buy Zacks?

Zacks Rank Definition Annualized Return 1 Strong Buy 25.60% 2 Buy 19.21% 3 Hold 10.85% 4 Sell 6.62%

What does MDB stand for?

Acronym Definition MDB Microsoft Access Database (file extension) MDB Message Driven Bean MDB Mitglied des Bundestages (German: Member of Parliament) MDB Modular Debugger

What is the forecast for Apple stock?

Stock Price Forecast

The 39 analysts offering 12-month price forecasts for Apple Inc have a median target of 170.00, with a high estimate of 190.00 and a low estimate of 90.00 . The median estimate represents a +19.27% increase from the last price of 142.53.

Does MongoDB cost money?

MongoDB offers a Community version of its powerful distributed document database. With this free and open database, download the MongoDB server to secure and encrypt your data and gain access to an advanced in-memory storage engine.

Who are MongoDB competitors?

  • Amazon Web Services (AWS)
  • Oracle.
  • Microsoft.
  • Google.
  • MariaDB.
  • Couchbase.
  • IBM.
  • Cloudera.

Is MongoDB a SaaS?

NoSQL database MongoDB is adding a new cloud-based elastic SaaS version to its delivery options. ... Called MongoDB Atlas, this on-demand cloud service will provide an outsourced and managed version of the NoSQL database.

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.