Noticias y eventos de MongoDB Inc (MDB)MDBMongoDB Inc

Middle East Violence Escalation Weighs on Markets, Tech Stocks Under Pressure

Macro narratives of re-escalation of violence in the Middle East, surging oil prices, and rising bond yields continued to weigh on sentiment, sending major averages down for the third consecutive session.   Once again, Energy and defensively oriented Utilities and Health care sectors softened the brunt of impact on the benchmark, though Tech, Basic Materials, Industrials, and Cyclicals paced the prevailing bearish bias.  In Tech, Software stocks joined the AI CapEx build out areas of the market - semiconductors, memory, hardware, and equipment - with outsized losses.  Applewas a notable counterweight however, gaining nearly 3% on the day.In the opening hour of the evening session, index futures are trading little changed - S&P e-minis are at 7,643 and Nasdaq 100 is just north of 29,100.  In commodities, WTI crude oil crossed the upside of $90 per barrel, boosted by more bellicose rhetoric from President Trump regarding his intentions to continue bombing Iran if IRGC retaliates against the latest round of US strikes.  Precious metals also remain under pressure, as rising dollar from growing expectations of higher short-term rates sent Gold below $4,370 per ounce.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -GitLabup 15.9%Sportsman's Warehouseup 7.5%Dell Technologiesup 6.7%ALSO HIGHER -Waldencastup 9.6% after insider buyLineageup 1.8% after insider buyDOWN AFTER EARNINGS -MongoDBdown 12.9%Credo Technology Groupdown 9.2%Palo Alto Networksdown 1.8%

Company Raises Atlas Annual Growth Expectation to 27%

The company states in its earnings call: "We continue to be pleased with the strong and consistent Atlas growth. Our growth to date has been driven primarily by continued strength with our largest enterprise customers, and we expect that to continue in the second half of fiscal 27. Based on this continued momentum, we expect Atlas growth of approximately 26% in Q3, and we are raising our full year growth expectation to approximately 27%, an increase of 300 basis points from the midpoint of our prior guidance. Our second half guidance raise for total revenue is primarily driven by the strength we are seeing in Atlas. The strength in Atlas is highlighted by the sixth straight quarter of increasing revenue dollar growth year over year. Strong net ARR expansion rate, increasing multi-product penetration and early signs of adoption of AI workloads... Our product investment remains focused on enhancing our AI and core database capabilities, including on Enterprise Advanced, and you will hear more about our new product innovations at our upcoming Investor Day. On the go-to-market side, we are investing in accelerating adoption of new product innovations and continuing to focus on our highest growth opportunities by geography and customer segment. We will also continue to invest in quota-carrying headcount, marketing programs, and developer awareness on cash flow. Given our strong first half performance, we now expect full year free cash flow to conversion to be at the upper end of our long term target range of 80 to 100%."

MongoDB Raises FY27 Revenue Outlook to $2.99B-$3.03B

Raises FY27 revenue view to $2.99B-$3.03B, consensus $2.96B. Previously saw FY27 adjusted EPS of $5.95-$6.14 and FY27 revenue of $2.92B-$2.96B. "Our second quarter results reflect very strong and growing operating leverage in our business. We delivered a non-GAAP operating margin of 24%, up significantly from 15% a year ago, while free cash flow nearly doubled year-over-year to $137.6 million. We're also pleased to report our third consecutive quarter of GAAP EPS profitability, highlighting our disciplined approach to driving long-term shareholder value," said Mike Berry, Chief Financial Officer of MongoDB.