MongoDB Shares Gain On Narrower Q1 Loss, FY26 Outlook Revision, $800 Mln Buyback

RTTNews | 200 ngày trước

(RTTNews) - Shares of MongoDB, Inc. gained around 15 percent in the extended trading on Wednesday, and is currently 16 percent higher in the pre-market activity on the Nasdaq, after the database software company lifted its fiscal 2026 outlook after reporting narrower net loss in its first quarter with higher revenues. The company also issued second -quarter outlook and announced a share buyback program for additional $800 million.

Dev Ittycheria, President and Chief Executive Officer of MongoDB, said, "MongoDB is off to a strong start in fiscal 2026 with 26 percent Atlas revenue growth, meaningful margin outperformance, and the highest total net customer additions in six years. .. Looking ahead, we see an incredible opportunity for customers to take advantage of MongoDB's modern architecture... We are confident in our position to drive profitable growth as we benefit from this next wave of application development."

Regarding the share repurchase program, the company said it may repurchase up to an additional $800 million of common stock. This is in addition to the $200 million buyback announced last quarter, bringing the total authorization to $1 billion.

For the second quarter, MongoDB expects adjusted net income of $0.62 to $0.66 per share on revenues of $548.0 million to $553.0 million.

The Wall Street analysts on average expect the company to report earnings of $0.65 per share on sales of $549.68 million. Analysts' estimates typically exclude special items.

For fiscal 2025, the company now expects adjusted net income of $2.94 to $3.12 on revenues of $2.250 billion to $2.290 billion. MongoDB previously expected adjusted earnings to range between $2.44 to $2.62 per share and revenue of $2.24 billion to $2.28 billion.

Analysts expect earnings of $3.07 per share on sales of $2.27 billion for the year.

In its first quarter, net loss was $37.63 million or $0.46 per share, narrower than prior year's net loss of $80.59 million or $1.10 per share.

Adjusted net income was $86.3 million or $1.00 per share, compared to adjusted net loss of $42.7 million or $0.51 per share in the year-ago period.

Total revenue increased 22 percent to $549.01 million from $450.56 million a year ago. Subscription revenue was $531.5 million, an increase of 22 percent year-over-year, and services revenue grew 28 percent to $17.5 million.

In pre-market activity on the Nasdaq, MongoDB shares are currently trading at $231.10, up 15.7 percent.

On the after-hours trading on Wednesday, the shares had gained 14.6 percent following the news, after closing the day's regular trading 3.1 percent higher at $199.73.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

Thẻ: MDB

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 1h 37phút trước

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 13phút trước

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 2h 18phút trước

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 28phút trước

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 2h 37phút trước

Higher Open Called For Taiwan Stock Market

The Taiwan stock market has moved higher in back-to-back sessions, collecting more than 680 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just beneath the 28,150-point plateau and it figures to open to the upside again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 2h 58phút trước

Singapore Bourse May Extend Monday's Gains

The Singapore stock market on Monday wrote a finish to the four-day losing streak in which it had slipped more than 20 points or 0.4 percent. The Straits Times Index now sits just above the 4,610-point plateau and it's expected to open to the upside again on Tuesday.

RTTNews | 3h 28phút trước

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3h 58phút trước

EURUSD	1.17736	GBPUSD	1.34797	AUDUSD	0.66666
USDJPY	156.381	USDCAD	1.37374	USDCHF	0.7903