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MongoDB stock soars postmarket on strong Q4 results, upbeat forecast

Mar. 08, 2022 6:01 PM ETMongoDB, Inc. (MDB)By: Jessica Kuruthukulangara, SA News Editor8 Comments

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  • MongoDB (NASDAQ:MDB) stock jumped 10% postmarket after the firm reported Q4 results that topped Street estimates and provided upbeat guidance.
  • Q4 revenue grew 55.8% to $266.49M. Subscription revenue was $258.2M, up 58% Y/Y, and services revenue was $8.3M, up 17% Y/Y.

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Comments (8)

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how come not profitable with 1 B rev ? how many employees do they have ?
Guraaf profile picture
Sales growth was 48% this year and will slow down to 35% next year (goes to $1.18B from $0.873B). Why are we paying 20x sales? Shouldn't it be closer to 10-12x sales?
Why isn't there more profitability?
Investor1546 profile picture
Trading at 20x sales… this thing will likely go down to $100 soon enough. The market is relentless on these names.
mmraja83 profile picture
@Investor1546 you can’t see MDB as dollar tree product. It’s a DB that support to big data.
Investor1546 profile picture
@mmraja83 20x sales. It’s just very expensive.
Good for DOCN too as DOCN now packaging MDB. DOCN has better metrics and sub 10x EV/Sales.
You can’t get more sticky than a database, sorry snowflakes
MongoDB - funny name - great quarter! Longz! :-)

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