017 Stock Market thread
12-12-2018, 12:55 AM
Quote: (06-07-2018 06:48 PM)BB1 Wrote:
I beleive MongoDB is the pick of the bunch. Developers love MongoDB - they have downloaded more than 30 million copies of the company's free database since 2009, and over 10 million copies in the last 12 months alone.
Mongo is disrupting traditional databases like Oracle, so the growth potential is massive if they are successful.
MongoDB (MDB) released great earnings last week. Year to date the stock has risen from $29 to $85, while many of the more well known tech stocks have been crushed.
From their earning call :
"...we generated revenue of $65 million, a 57% year-over-year increase, which was above the high end of our guidance. We grew subscription revenue 59% year-over-year. Atlas revenue grew more than 300% year-over-year and now represents 22% of revenue. We ended the quarter with over 8,300 customers, up 69% compared to a year ago and we saw strong growth across all major regions, including North America, EMEA and Asia."