MongoDB: Headed For Q3 Earnings, Still Dominant In Its Space

Nov. 30, 2022 5:18 AM ETMongoDB, Inc. (MDB)7 Comments

Summary

  • MongoDB is about to report its Q3 2023 results next Tuesday.
  • MongoDB's prospects are still very much relevant. Even though its share price is down +70% in 12 months.
  • The core business is now Atlas. And that grew by 73% y/y, as of Q2 2023.
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Investment Thesis

MongoDB (NASDAQ:MDB) has seen its share price fully collapse by +70% in the past year. Even if the company was in hindsight too expensive, I have to question if today the same can still be said?

Author's work, CRWD

Author's work, CRWD

MDB 2022 presentation

MDB 2022 presentation

MDB 2022 presentation

MDB 2022 presentation

MDB revenue growth rates

MDB revenue growth rates

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MDB proxy statement

MDB proxy statement

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