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MongoDB, Inc
(NASDAQ:MDB)
MongoDB, Inc

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It...
Founded: 2007
IPO date: 2017-10-20
IPO price: $24
Full Time Employees: 3,650
CEO: Dev Ittycheria  (Sep 2014~)
CTO: Mark Porter 
Sector: Technology
Industry: Software-Infrastructure
Next Earnings Date: 2022-12-06
Stock price: $160.24 (-1.04%)
This is how I used mongodb on my website
By: ssmlee04 Community Lead :))   💬 98   
   on Nov 29, 2022

I remember years ago when I was learning how to create websites, the first thing I used to start a local webserver and webpage was xampp or LAMP stack (php, Apache, MySQL,.. etc). With those stacks you can type a few commands in your terminal to have a website running in no time. As time goes by I had more exposure to different technologies like MEAN stack (mongodb, Angular, ...etc) or Meteor and I get to learn about the all kinds of technologies and frameworks and about their strength and weaknesses. But regardless of stacks you would always be in a situation when you need some sort of persistent storage to store your data. And it turns out mongodb would very often find its way into most of my development workflows and become a big part of the projects.

https://i.imgur.com/1OpKADZ.png

So, what’s special about mongodb? Not much. But at the same time it's just something that works. It's so well-known in open-source and is relatively fast to read and write, to scale, to deploy and maintain when compared to many other db technologies. If you can find developers who know how to write a couple of lines of code and click on a few buttons to deploy a small mongodb cluster and have applications talk to it, it would be fairly easy for companies to onboard engineers and create applications on them and go from there. And that suits my personal project really really well.

Imagine with a couple of lines of code in node.js you can create a table and start to talk to your database.

var mongoose = require('mongoose');
var Schema = mongoose.Schema;

var TickerSchema = new Schema({
  ticker: {
    type: String,
  },
});

const Ticker = mongoose.model('Ticker', TickerSchema);
const data = await Ticker.findOne({ ticker: "AAPL" }).exec();

This is very similar to what the actual code would look like. And it is what makes your life easy as a developer. Pretty cool isn't it?

To start some small mongodb machines you can simply spin up machines on AWS ($amzn) and copy some scripts from the internet, and with a bit of configuration you would have a small cluster of mongodb running with basic infrastructure setup. I also have scripts to backup the db to S3 and restore the database if I had to. And occasionally I would see the database grow to disk space limit or crash so that I would need to ssh into the machine to do something about it.

It's doable but it's not worry-free. For a period of time I had this constant fear that my db would go away and I would lost them forever when I go to sleep. And then I discovered there are fully-managed solutions such as Mongodb Atlas.

So there's a company called MongoDB Inc that takes this open-source mongodb and bundles it into a cloud service called MongoDB Atlas. Atlas is a cloud database service that helps you deal with the complexities of running a database. Without Atlas, you would be hosting VMs, deal with the maintenance overheads yourself. But this is really not good time spent for most companies when it costs so much to hire a dev in 2022. Imagine with a few extra bucks a month you wouldn't need developers for this and can focus on developing your application itself. Keep in mind, for faang, it costs like 200k-400k easily to hire a dev.

Starting a database cluster in Atlas is free and it's as easy as a mouse click.

https://i.imgur.com/ixDXNNC.png

https://i.imgur.com/PtuUCQY.png

https://i.imgur.com/W7Xt9OL.png

And with a few extra clicks and $$ you can also have integrations like datadog $ddog or pagerduty $pd.

Atlas charges you based on compute and storage. Compute means how fast your database can process requests. Storage is about how much disk space that's allocated to your db and how often you can do your backups. This is actually not a bad idea, because for most companies that's growing and uses Atlas they would have more applications running every quarter. This means your data, number of databases and collections, your size and duration of backups would only go up normally. Can you go back to hosting VMs yourself and do bare-metal mongodb? You can't because it wouldn't make much sense to justify hiring extra engineers to do the heavy-lifting of running a database. That just won't work anymore, at least not without scale.

There's also no reason you cannot use other db technologies like ElasticSearch or Cassandra. It's just databases is not something you can switch easily. When you have an industry of people who know how mongodb works, have products running based on it, and then that makes switching to something else costly. In addition, if you decide to migrate away from it, you'll have to worry about consistency and many other things. So unless mongodb becomes a bottleneck of your application it’s usually difficult to justify moving away from it.

$mdb


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mdb
By: liszt lazy guy   💬 10   
   on Nov 25, 2022

It’s good. We use it everyday at work. Things just work ok. $mdb


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MongoDB Non-GAAP EPS of $0.20 beats by $0.30, revenue of $285.4M beats by $18.3M
By: ssmlee04 Community Lead :))   💬 98   
   on Jun 02, 2022

https://seekingalpha.com/news/3844727-mongodb-non-gaap-eps-of-0_20-beats-0_30-revenue-of-285_4m-beats-18_3m

  • MongoDB press release (NASDAQ:MDB): Q1 Non-GAAP EPS of $0.20 beats by $0.30.
  • Revenue of $285.4M (+57.2% Y/Y) beats by $18.3M.

Great results. Premarket price +9%. The ability to turn losses into profitability so quickly is pretty impressive. $mdb


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MongoDB
By: ssmlee04 Community Lead :))   💬 98   
   on Jan 02, 2022

mongodb is the noSQL standard these days and if you use their service you can save the money to hire engineers. engineers are most of the time way more expensive to find.


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MongoDB Second Quarter Earnings Call Summary
By: ssmlee04 Community Lead :))   💬 98   
   on Sep 05, 2021

MongoDB is the most popular NoSQL database in the world right now. It has a few alternatives like Cassandra, ElasticSearch, DynamoDB but each of them serve different purposes. Like ElasticSearch is good at search, Cassandra is for tuning the consistency, DynamoDB is good at scaling... etc. But for developers who wants to look for a popular and generic NoSQL solution that is well supported by community, MongoDB might be the go-to solution for you.

And MongoDB Inc is a company that help you host MongoDB and troubleshoot all sort of MongoDB issues. By doing this you can focus on what you do instead of hiring lots of engineers to worry about database backup, sharding, monitoring all those kind of stuff.

As for the earnings call: market is apparently happy about this earnings call, and the stock is up 26% on Friday. In this call you can see their current quarter revenue growth is 44% yoy, but the big story here is that recurring revenue from their SaaS part business, Atlas, which is a managed database solution, grew 83% yoy. And now it represents 56% of their total revenue.

If you take the entire revenue to divide the market-cap you'll get a p/s ratio of around 35 at the close of Thursday. But if you only take the Atlas part of the revenue and you'll get a p/s of 62. But for a company that's growing 90% this price is not unreasonable in year 2021. Snowflake is also a similar company that's growing around 100% a year and they're traded at a p/s ratio of over 100. But bear in mind the rest of the 44% revenue is also growing really fast. And with the rally this company is trading at 44 now.

This is probably why Confluent is also rallying on Friday. Instead of database service they provide managed data streams services. And you can imagine it's like the event bus for companies that need to worry about events. Instead of storing your data in the database you store your data on a stream so that you can subscribe to it and get it in a slightly different way.

Other highlights:

  • Revenue: Total revenue was $198.7 million in the second quarter fiscal 2022, an increase of 44% year-over-year. Subscription revenue was $191.4 million, an increase of 44% year-overyear, and services revenue was $7.4 million, an increase of 27% year-over-year.
  • Gross Profit: Gross profit was $138.0 million in the second quarter fiscal 2022, representing a 69% gross margin, consistent with gross margin in the year-ago period. Non-GAAP gross profit was $142.9 million, representing a 72% non-GAAP gross margin.
  • Loss from Operations: Loss from operations was $72.5 million in the second quarter fiscal 2022, compared to $49.8 million in the year ago period. Non-GAAP loss from operations was $11.5 million, compared to $10.2 million in the year-ago period.
  • Net Loss: Net loss was $77.1 million, or $1.22 per share, based on 63.4 million weightedaverage shares outstanding in the second quarter fiscal 2022. This compares to $64.5 million, or $1.10 per share, based on 58.4 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net loss was $15.2 million or $0.24 per share. This compares to $12.7 million or $0.22 per share in the year-ago period.
  • Cash Flow: As of July 31, 2021, MongoDB had $1.8 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended July 31, 2021, MongoDB used $19.8 million of cash in operations, $1.7 million of cash in capital expenditures and $1.2 million of cash in principal repayments of finance leases, leading to negative free cash flow of $22.7 million, compared to negative free cash flow of $15.0 million in the year-ago period.

Source: https://webassets.mongodb.com/_com_assets/cms/kt4c1mhctq5hmk6wc-mongodb2ndqfiscal2022finresults.pdf

$CFLT $MDB $SNOW


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$MDB is very perking
By: labu2090 Hello ,this is awesome world    💬 1   
   on Jul 24, 2021

scan by candle patter likes it , great advanced price range in #trade

https://i.imgur.com/1zCvbkk.jpg


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Mongodb up 6% in after hour trading
By: earningsfly lazy guy   💬 2   
   on Dec 09, 2019

https://www.investors.com/news/technology/mongodb-earnings-revenue-beat-estimates-stock-climbs/

Earnings are better than the estimates. Guidance looks good as well. $MDB


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Alibaba Cloud to offer MongoDB managed service
By: raspberry lazy guy   💬 31   
   on Oct 31, 2019

https://www.zdnet.com/article/alibaba-cloud-to-offer-mongodb-managed-service

Let's face it only Chinese companies use Alibaba cloud and not sure this is good for $mdb in any way. $baba


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MDB
By: istanbul Traveler   💬 7   
   on Aug 19, 2019

$mdb is weaker than it's SAAS peers in the past 2 months possibly because the valuation is simply too high. When it comes t databases mongodb is one of the biggest players in the NoSql area, which stands for not only SQL and it basically means you does not have to define a schema before you create the tables. And that's really flexible. For really big Sql tables when you want to alter the database schema it is a lot of times very difficult thing to do. But lately you can also store objects without a predefined schema in relational databases. For example you can now store JSONb objects in PostgresSql. Also for NoSql there are other players like Elastic $estc or Cassandra they're all great alternatives and provide different advantages. So could it be because mdb is no longer the only go to solution for NoSql databases? Time will tell.


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hangingman
By: ssmlee04 Community Lead :))   💬 98   
   on Jun 11, 2019

A lot of the stocks displayed bearish reversal patterns today. MDB goes to 10% and then drop back to 2%. AYX goes to 15% before going back to 2%. RVLV was up 20% at a point and end up down 2%. This makes a lot of sense actually because those stocks went up too much and too quickly in the last couple of trading sessions and it had to come down at some point. Also, if you jump in in the early trading session today you would not know what to do by now, so chances are those price wouldn't trade above the high of today for those people to cover losses easily . If you visit AAPL in 2000 (2000-03-23) you'll find the price rallied to the top for 3-4 days and then from there it pulled back 40% in a very short period of time. This feels very much like what happened in the past few days.


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the upward momentum seems depleted
By: barbapapa lazy guy   💬 25   
   on Jun 06, 2019

mdb goes from 0% to -10% and 0% today. and the earnings call is actually quite bullish so in theory the price shouldn't drop 10% first. it feels like something is wrong with SAAS at the moment. I'd be cautious to buy this dip.


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mongodb
By: dragonfly goblin   💬 13   
   on Jun 06, 2019

From the earnings report:

Revenue up by 78% yoy, adjusted gross profit up by 70%, adjusted grodd margin 70%, customers (>100k) up by 52%, total Customers up by 115%. Fantastic.


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SAAS
By: tachyon Very lazy guy   💬 23   
   on Jun 03, 2019

All the SAAS company dropped a lot today. I wonder if this is the beginning of the great decline for those SAAS companies. A lot of them have P/S over 30 even early stage Amazon does't have a valuation this high.


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one of the stocks that will defy gravity
By: barbapapa lazy guy   💬 25   
   on Jun 02, 2019

looking to enter a position if gap at 110 closes. mdb doesn't seem to be affected by recent selloff. this is understandable as there's nothing changed since the last earnings call. would be very curious to setup a test position.


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