Information Provided By:
Fly News Breaks for January 6, 2020
Jan 6, 2020 | 07:35 EDT
Argus analyst Joseph Bonner initiated coverage of MongoDB with a near-term Hold rating and a long-term Buy rating. The company is growing revenue at a 50%-60% rate, but is not yet profitable on either a GAAP or a non-GAAP basis, Bonner tells investors in a research note. The valuation is "quite high for this small but fast-growing company," adds the analyst. However, he believes MongoDB could become a "disrupter" in the large enterprise database software market.
News For MDB From the Last 2 Days
Nov 30, 2021 | 09:23 EST
MongoDB (MDB) announced plans to use MongoDB Atlas in AWS Marketplace in calendar Q1 2022. With the launch of a pay-as-you-go MongoDB Atlas with Free Trial in AWS Marketplace, developers will have a simplified subscription experience, and enterprises will have another way to procure MongoDB in addition to privately negotiated offers already supported on AWS Marketplace. AWS Marketplace is an Amazon (AMZN) business.