5 Stocks Making Headlines After Financial Results

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1. MongoDB, Inc. (NASDAQ:MDB)

Number of Hedge Fund Holders: 47

Shares of MongoDB, Inc. (NASDAQ:MDB) climbed over 16 percent on Tuesday, December 7, 2021, after announcing impressive financial results for its fiscal third-quarter along with an upbeat outlook. The New York-based software company reported an adjusted loss of 11 cents per share, narrower than the loss of 31 cents per share in the year-ago quarter.

Revenue came in at $226.9 million, compared to $150.8 million in the same period last year. Analysts were expecting MongoDB, Inc. (NASDAQ:MDB) to post a loss of 38 cents per share on revenue of $205.3 million.

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Looking forward, MongoDB, Inc. (NASDAQ:MDB) expects an adjusted loss in the range of 24 – 21 cents per share and revenue between $239 – $242 million for its fiscal fourth quarter. Analysts were looking for a loss of 34 cents per share on revenue of $227.8 million for the current quarter.

For its FY 2022, MongoDB, Inc. (NASDAQ:MDB) now expects an adjusted loss between 74 – 71 cents per share on revenue of $846.3 -$849.3 million. Previously, it was looking for an adjusted loss of $1.20 – $1.13 per share on revenue of $805.0 – $811.0 million for the same period.

Speaking on the results, CEO Dev Ittycheria said:

“MongoDB delivered another fantastic quarter, highlighted by 84% Atlas revenue growth and increasing our customer count to over 31,000. Our continued success reflects the adoption of our application data platform by customers who need to innovate faster to compete in today’s marketplace.”

You can also take a peek at 10 Hydrogen Fuel Cell Stocks to Buy Today and 10 Meme Stocks that More than Doubled in 2021.

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