FMP

FMP

Enter

MongoDB Surges 17% Following Strong Q2 Results and Raised Full-Year Guidance

-

twitterlinkedinfacebook
blog post cover photo

Image credit: FMP

MongoDB (NASDAQ:MDB) shares surged over 17% pre-market today after the company delivered strong second-quarter 2025 results, surpassing expectations and boosting its full-year guidance.

The database software provider reported adjusted earnings per share of $0.70, well above the $0.49 anticipated by analysts. Revenue for the quarter reached $478.1 million, exceeding the Street estimate of $464.94 million and marking a 13% year-over-year increase.

MongoDB's growth was largely driven by its cloud database platform, Atlas, which saw a 27% year-over-year revenue jump, contributing to 71% of the total revenue for the quarter. The company also reported robust customer growth, surpassing 50,700 customers as of July 31, 2024.

Looking forward, MongoDB raised its full-year 2025 guidance, now expecting EPS of $2.33 to $2.47. Full-year revenue is projected to be between $1.92 billion and $1.93 billion, above the prior estimate of $1.9 billion.

For the third quarter, MongoDB forecasts EPS of $0.65 to $0.68 and revenue of $493 million to $497 million, both ahead of Street expectations.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 16, 2024 8:06 PM - Gordon Thompson

Deutsche Bank Upgrades AST SpaceMobile to Buy Amid Legal Challenges

On Thursday, May 16, 2024, Deutsche Bank upgraded its rating on NASDAQ:ASTS to Buy, maintaining a hold position. At the time of the announcement, ASTS was trading at $4.03. This decision was accompanied by an increase in the price target for AST SpaceMobile, raised to $22 from $19, as detailed in a ...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep