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MongoDB: Look At The Big Picture

Jun. 12, 2018 7:00 AM ETMongoDB, Inc. (MDB)ORCL14 Comments
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  • MongoDB reported Q1 2019 earnings last week, and there were mixed reviews, but the stock has rallied since.
  • MongoDB's offerings seem to be the way of the future.
  • The company's growth, especially in Atlas, is incredible.

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Long-Term Staying Power?

MongoDB (NASDAQ:MDB), the leading vendor in NoSQL databases, might be expensive today, but looking at the big picture, this stock has more room to run. The combination of disruption, innovation, and incredible growth has set up MongoDB to be a big-time winner.

Investors did not seem very impressed with last week's earnings report, but the stock has rallied back, so I think investors are starting to catch on. Catch on, to say the least. Mongo - I presume the name comes from the word humongous - has been on fire. Since IPO'ing in October of 2017, the stock is up more than 100%. This will be a deep dive into MongoDB to see if it is just another IPO tech darling or a candidate for real, long-term staying power as a technology provider.

ChartMDB data by YCharts

NoSQL, No Problem…

As stated, Mongo is the leading vendor of NoSQL databases. SQL stands for "structured query language", and it is the norm programming language for databases. NoSQL stands for "not only" SQL, and Mongo is part of this new breed of database.

Historically, Oracle (ORCL) has been the gold standard for this space with its SQL, or relational database management system. Essentially, relational databases store data in rows and columns, just like an Excel spreadsheet. This is nice because it provides structure and allows organizations to work with a great amount of data. However, relational databases weren't built with the cloud and big data in mind.

Mongo and other non-relational

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Analyst’s Disclosure: I am/we are long MDB. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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