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MongoDB (MDB) Outpaces Stock Market Gains: What You Should Know – Yahoo Finance

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Posted on mongodb google news. Visit mongodb google news

MongoDB (MDB) closed the most recent trading day at $214.21, moving +1.81% from the previous trading session. This change outpaced the S&P 500’s 1.46% gain on the day. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 6.63%.

Prior to today’s trading, shares of the database platform had gained 6.89% over the past month. This has lagged the Computer and Technology sector’s gain of 9.6% and outpaced the S&P 500’s gain of 4.75% in that time.

Investors will be hoping for strength from MongoDB as it approaches its next earnings release. The company is expected to report EPS of $0.07, up 177.78% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $335.84 million, up 26.02% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.31 per share and revenue of $1.26 billion, which would represent changes of +152.54% and +44.04%, respectively, from the prior year.

Any recent changes to analyst estimates for MongoDB should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. MongoDB is holding a Zacks Rank of #2 (Buy) right now.

Investors should also note MongoDB’s current valuation metrics, including its Forward P/E ratio of 689.87. This represents a premium compared to its industry’s average Forward P/E of 40.75.

The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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DeepMind Announces Minecraft-Playing AI DreamerV3

MMS Founder
MMS Anthony Alford

Article originally posted on InfoQ. Visit InfoQ

Researchers from DeepMind and the University of Toronto announced DreamerV3, a reinforcement-learning (RL) algorithm for training AI models for many different domains. Using a single set of hyperparameters, DreamerV3 outperforms other methods on several benchmarks and can train an AI to collect diamonds in Minecraft without human instruction.

The DreamerV3 algorithm includes three neural networks: a world model which predicts the result of actions, a critic which predicts the value of world model states, and an actor which chooses actions to reach valuable states. The networks are trained from replayed experiences on a single Nvidia V100 GPU. To evaluate the algorithm, the researchers used it on over 150 tasks in seven different domains, including simulated robot control and video game playing. DreamerV3 performed well on all domains and set new state-of-the-art performance on four of them. According to the DeepMind team:

World models carry the potential for substantial transfer between tasks. Therefore, we see training larger models to solve multiple tasks across overlapping domains as a promising direction for future investigations.

RL is a powerful technique that can train AI models to solve a wide variety of complex tasks, such as games or robot control. DeepMind has used RL to create models that can defeat the best human players at games such as Go or Starcraft. In 2022, InfoQ covered DayDreamer, an earlier version of the algorithm that can train physical robots to perform complex tasks within only a few hours. However, RL training often requires domain-expert assistance and expensive compute resource to fine-tune the models.

DeepMind’s goal with DreamerV3 was to produce an algorithm that works “out of the box” across many domains without modifying hyperparameters. One particular challenge is that the scale of inputs and rewards can vary a great deal across domains, making it tricky to choose a good loss function for optimization. Instead of normalizing these values, the DeepMind team introduced a symmetrical logarithm or symlog transform to “squash” the inputs to the model as well as its outputs.

To evaluate DreamerV3’s effectiveness across domains, the researchers evaluated it on seven benchmarks:

  • Proprio Control Suite: low-dimensional control tasks
  • Visual Control Suite: control tasks with high-dimensional images as inputs
  • Atari 100k: 26 Atari games
  • Atari 200M: 55 Atari games
  • BSuite: RL behavior benchmark
  • Crafter: survival video game
  • DMLab: 3D environments

DreamerV3 achieved “strong” performance on all, and set new state-of-the-art performance on Proprio Control Suite, Visual Control Suite, BSuite, and Crafter. The team also used DreamerV3 with default hyperparameters to train a model that is the first one to “collect diamonds in Minecraft from scratch without using human data.” The researchers contrasted this with VPT, which was pre-trained from 70k hours of internet videos of human players.

Lead author Danijar Hafner answered several questions about the work on Twitter. In response to one user, he noted:

[T]he main point of the algorithm is that it works out of the box on new problems, without needing experts to fiddle with it. So it’s a big step towards optimizing real-world processes.

Although the source code for DreamerV3 has not been released, Hafner says it is “coming soon.” The code for the previous version, DreamerV2, is available on GitHub. Hafner notes that V3 includes “better replay buffers” and is implemented on JAX instead of TensorFlow.

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MongoDB Inc. (NASDAQ: MDB) Stock Forecast For 2023: Increases Growth Prospects To $9 …

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Posted on mongodb google news. Visit mongodb google news

In the last trading session, 1.24 million MongoDB Inc. (NASDAQ:MDB) shares changed hands as the company’s beta touched 0.93. With the company’s per share price at $210.41 changed hands at -$13.6 or -6.07% during last session, the market valuation stood at $13.55B. MDB’s last price was a discount, traded about -124.3% off its 52-week high of $471.96. The share price had its 52-week low at $135.15, which suggests the last value was 35.77% up since then. When we look at MongoDB Inc.’s average trading volume, we note the 10-day average is 1.7 million shares, with the 3-month average coming to 2.10 million.

Analysts gave the MongoDB Inc. (MDB) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 26 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 5 recommended MDB as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. MongoDB Inc.’s EPS for the current quarter is expected to be -$0.17.

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Instantly MDB was in red as seen at the end of in last trading. With action 1.62%, the performance over the past five days has been green. The drop to weekly highs of 224.90 on Monday, 01/30/23 subtracted -6.07% to the stock’s daily price. The company’s shares are showing year-to-date upside of 6.89%, with the 5-day performance at 1.62% in the green. However, in the 30-day time frame, MongoDB Inc. (NASDAQ:MDB) is 11.44% up. Looking at the short shares, we see there were 3.83 million shares sold at short interest cover period of 1.89 days.

The consensus price target for the stock as assigned by Wall Street analysts is $248.77, meaning bulls need an upside of 15.42% from its current market value. According to analyst projections, MDB’s forecast low is $170.00 with $325.00 as the target high. To hit the forecast high, the stock’s price needs a -54.46% plunge from its current level, while the stock would need to tank 19.21% for it to hit the projected low.

MongoDB Inc. (MDB) estimates and forecasts

Data shows that the MongoDB Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.66% over the past 6 months, a 152.54% in annual growth rate that is considerably higher than the industry average of 6.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for MongoDB Inc. will fall -54.50%, while the growth in revenue is estimated to hit -44.40% for the next quarter. Year-over-year growth is forecast to reach 38.30% up from the last financial year.

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $303.47 million. 17 analysts are of the opinion that MongoDB Inc.’s revenue for the quarter ending Jan 2023 will be $315.11 million. The estimates for the next quarter sales put growth at 18.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.70%. The 2023 estimates are for MongoDB Inc. earnings to decrease by -5.00%.

MDB Dividends

MongoDB Inc. is expected to release its next quarterly earnings report between March 06 and March 10.

MongoDB Inc. (NASDAQ:MDB)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.66% of MongoDB Inc. shares while 91.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 94.96%. There are 91.48% institutions holding the MongoDB Inc. stock share, with Price (T.Rowe) Associates Inc the top institutional holder. As of Jun 29, 2022, the company held 12.02% of the shares, roughly 8.26 million MDB shares worth $2.14 billion.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 8.83% or 6.06 million shares worth $1.57 billion as of Jun 29, 2022.

Among Mutual Funds, the top two as of Sep 29, 2022 were Growth Fund Of America Inc and Vanguard Total Stock Market Index Fund. With 5.03 million shares estimated at $998.61 million under it, the former controlled 7.32% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.77% of the shares, roughly 1.9 million shares worth around $494.23 million.

Article originally posted on mongodb google news. Visit mongodb google news

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Uno Platform 4.7 Update Brings Simpler Solution and Performance Improvements

MMS Founder
MMS Edin Kapic

Article originally posted on InfoQ. Visit InfoQ

The open-source UI framework for cross-platform C# and XAML applications, Uno, has been updated to version 4.7. It brings a simplified solution experience in Visual Studio, performance updates on different platforms and other minor updates.

Uno platform is an alternative UI platform for building multidevice applications in C# and XAML. It was launched in 2018, after years of internal use by a Canadian company nventive. It allows developers to write applications for Windows, iOS, Android, WebAssembly, macOS and Linux. It is released under Apache 2.0 open-source license on GitHub.

While the official cross-platform UI libraries from Microsoft, Xamarin and .NET MAUI, strive to use native controls on each supported platform, Uno uses a mixed approach. It leverages the underlying UI primitives to render the same chromeless UI everywhere while it uses the cross-platform 2D graphics library Skia to draw the same UI style on all platforms. Internally, it leverages WinUI 3 API on Windows and reproduces the same API surface to all supported platforms, as demonstrated by the pixel-perfect port of the Windows Calculator app. For .NET developers, this means they should start designing and implementing the WinUI application first and Uno would take care of rendering and running it on all the supported platforms.

Version 4.7 of Uno platform simplifies the solution development experience in Visual Studio. In the previous versions of Uno, the Visual Studio solution had one project per each supported platform (or head, in Uno jargon) plus a shared project (with the suffix ‘.Shared’) where the shared code and shared assets live. In Uno 4.7, this shared project is removed and replaced with a new cross-platform library. This means that NuGet packages, for example, can now be added to the shared library only and not on every targeted head project (device-specific project in Visual Studio). Similarly, the new project template now includes the Uno Fluent Symbols font for all devices.

The framework team also took care of user feedback on GitHub and improved the performance of several back-ends. Specifically, WebAssembly applications are now trimmed to remove unused XAML styles and controls. .NET 7 performance updates are used for loading and unloading of controls in WebAssembly target applications, resulting in an alleged 8% runtime improvement.

Linux targets now use .NET native ahead-of-time (AOT) compilation, with faster startup and improved performance, skipping the use of JIT (just-in-time) .NET feature. Android performance has been enhanced by moving portions of cross-platform code instructions entirely to the Java side of the solution.

Updating Uno solutions to 4.7 involves updating the underlying NuGet packages. New solutions will use the shared library approach for the Visual Studio solution, while the existing solutions will keep the shared project approach.

According to .NET developers’ discussions on social media, the main advantage of the Uno platform over MAUI or Xamarin is being the only cross-platform .NET framework to support writing WebAssembly and Linux applications in C# and XAML.

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AWS Gives Developers More Control over Lambda Function Runtime with Runtime Management Controls

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MMS Steef-Jan Wiggers

Article originally posted on InfoQ. Visit InfoQ

AWS recently introduced runtime management controls which provide more visibility and control when Lambda applies runtime updates to functions.

With runtime management controls, developers now have three new capabilities they can leverage:

  • Visibility into which patch version a runtime function uses and when runtime updates are applied
  • Synchronize runtime updates with function deployments
  • Rollback functions to an earlier runtime version

These capabilities are available by choosing one of the update modes for the lambda runtime using AWS CLI and Lambda AWS Management Console. In addition, developers can choose the Infrastructure as Code (IaC) route and use tools such as AWS CloudFormation and the AWS Serverless Application Model (AWS SAM).

Jonathan Tuliani, a principal product manager at AWS, explains in an AWS blog post the runtime version update modes:

You can specify one of three runtime update modes: auto, function update, or manual. The runtime update mode controls when Lambda updates the function version to a new runtime version. 

Source: https://aws.amazon.com/blogs/compute/introducing-aws-lambda-runtime-management-controls/

The auto mode is the default, where Lambda takes care of the update, where functions will receive runtime updates in two phases. First, Lambda will apply a new runtime version to newly created or updated functions and, after that, to any remaining functions. 

In the second mode, function update, Lambda updates functions to the latest available runtime version whenever a developer changes their function code or configuration, similar to the first phase of auto mode, yet will leave any other function untouched.

And finally, the manual mode gives developers complete control over their function’s runtime version. It allows them to perform a rollback to a previous version. However, AWS strongly recommends using manual mode only for short-term remediation of code incompatibilities.

Eric Hammond, an AWS Hero, posted on the AWS Community social :

I’m going to stick with the default “Automatic” updates to the AWS Lambda runtime stack, because:
– I rarely update the code in my functions
– I don’t want to add more manual tasks to my life, and
– I’ve never experienced a problem with the automatic updates so far
where “so far” is over eight years of running services with AWS Lambda.

Furthermore, Ben Kehoe, an AWS Serverless Hero, tweeted:

The hardest part of serverless is giving up control. Everyone says it’s good to update your dependencies and runtime versions. It’s a *good* thing to be forced to do that. 

And additionally, he tweeted

You should know how to use this new Lambda runtime version control for emergencies, but consider it radioactive. Use a Step Function that will automatically turn it off after 1 or 2 sprints.

Lastly, more details on runtime management controls are available on the documentation page.

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Article: Your Tech Stack Doesn’t Do What Everyone Needs It To. What Next?

MMS Founder
MMS Alessio Alionco

Article originally posted on InfoQ. Visit InfoQ

Key Takeaways

  • Current barriers to digital transformation include the lack of skilled developers and complex technical stacks
  • Stack extensibility significantly increases a company’s agility and competitiveness
  • Low-code BPA (Business Process Automation) can help address the challenges organisations face
  • Low-code increases process resiliency and conserves developer resources
  • There are some important factors to consider when exploring low-code options

No matter how fast technology evolves, for some businesses, they often feel one step behind. In department after department, from HR and purchasing to finance and marketing, situations exist where key software solutions don’t quite meet organizational needs. For workers, department managers and most assuredly IT, that’s a problem.

The insatiable appetite for business agility exerts enormous pressure on IT organizations to select, integrate and deploy appropriate and complete enterprise platforms. Oftentimes, however, there is a gap between what a tech stack can do, and what it should do.

Digital transformation, the initiative that has driven most IT activity for nearly a decade, has actually widened the gaps in departmental tech stacks. Digital transformation usually focuses on big-ticket implementations; it can leave behind the less visible, yet essential workflows and processes that stitch together major platforms. Adding to the situation in recent years has been the shortage of qualified developers, which makes well-connected solutions that much more difficult to achieve.

Consequently, business teams often labor with technologies that are not fully formed, fully explained, or appropriate for current work requirements. In frustration, they create their own workarounds using manual processes or ad hoc software.

Unsanctioned shadow IT solutions can produce arcane procedures, inconsistent workflows, and a lack of visibility – not to mention security and scalability issues.

When companies can’t keep up with the pace of change, they lose their status as market leaders. Speed to value declines, as rigid systems become too unwieldy and expensive to modify. Chaotic tech environments overtake what should be smooth and well-prescribed automation.

Extensibility Challenges

Stack extensibility – the ability to nimbly expand the capabilities of existing tech solutions – is an essential trait of well-designed IT ecosystems. Yet creating this important advantage isn’t easy.  

Vertical solutions solve specific problems, but are rigid; on the other hand, horizontal solutions, while more flexible, are expensive to modify. Moreover, customizing legacy components can be challenging when developers are busy elsewhere in the enterprise.

Other alternatives do exist. Many organizations purchase additional modules within the application ecosystem, hoping they will be sufficient to solve their unique problems. Robotic Process Automation (RPA) is a choice that, while effective at addressing specific needs, requires business teams themselves to connect – and still leaves tech stacks open to complexity and a lack of control.

Controlling the Outcome

Low-code BPA (Business Process Automation), on the other hand, has advantages that puts it at the forefront of approaches to stack extensibility. Low-code increases process resiliency by empowering business teams with an easy-to-use, easy-to-understand and, most of all, IT-sanctioned set of tools. Using these building blocks, end users can close gaps with solutions that complement and coordinate existing components, rather than competing with or complicating them.

Many IT benefits accrue to the low-code method. It conserves developer resources and reduces backlogs by enabling business teams to do much of the work on their own. It standardizes processes, which makes it easier to enforce security mandates. Because scalability is built into the low-code framework, supplemental coding is minimal.

End-users appreciate having IT-approved capabilities that allow them to make changes quickly. Instead of waiting for a custom-built solution, they are able to adapt as business needs evolve. Workflows become more relevant, more convenient, and more productive.

Tried and Tested

Leading enterprises have experienced the advantages of low-code enabled stack extensibility. Samsonite, the global luggage maker, was struggling with several gaps in its purchasing workflows. Requests were executed through email and file sharing, and departmental staff had to sift through old messages simply to find the information required to initiate purchase quotes from suppliers.

Low-code BPA ended those problems. After analyzing the procurement process to standardize procedures and make sure they adhered to both internal policies and external legal, finance and tax requirements, Samsonite’s purchasing team began creating workflows that included necessary approvals at each stage. The stack extensibility solution streamlined the request/fulfillment process, enabling purchasers and requesters to receive automatic notifications and alerts.  

Within the first five months, Samsonite was able to eliminate an estimated 2,370 hours of manual work and achieve an overall ROI of 177 percent.

“Our new system not only gives us the control we need to ensure everyone abides by our rules and policies, but it also creates an easily accessible trail for future audits,” noted Mauricio Rizzi, Samsonite’s Customer Service and Procurement Manager.

Another example is CNH, a leading industrial vehicle manufacturer based in London. CNH was dealing with a tech stack of 15 different systems implemented during its digital transformation process. A lack of integration between those systems was holding back the efficiency of the company’s People Ops department, forcing the staff to manually input, store and communicate information through email or on paper.

After adopting low-code BPA, the People Ops team was able to build and support a number of improved processes and experiences. The system gave them more ownership and flexibility than through their former, more traditional methods.

“Now I can teach any person within our People Ops organization how to use our low-code solution, and they can use it for almost any process,” said Diogo Ayres, CNH Services Designer. “It lets us provide a seamless and consistent experience for employees and candidates.”

How To Make No/Low-Code Work For You

Citizen development — when a non-technical user is able to create new applications without writing a line of code using no or low code solutions– is an impactful way to increase a team’s daily efficiency or streamline an existing business process. Citizen developers are an integral part of optimizing and scaling an organization’s operations. However, cultivating a symbiotic relationship between IT teams and citizen developers is key to ensuring success and prioritizing quality output.

IT needs to collaborate with citizen developers throughout the process to ensure maximum safety and efficiency. From the beginning, it’s important to confirm the team’s overall approach, select the right tools, establish roles, set goals, and discuss when citizen developers should ask for support from IT. Appointing a leader for the citizen developer program is a great way to help enforce these policies and hold the team accountable for meeting agreed-upon milestones.

To encourage collaboration and make citizen automation a daily practice, it’s important to work continuously to identify pain points and manual work within business processes that can be automated. IT should regularly communicate with teams across the business, finance and HR departments to find opportunities for automation, clearly mapping out what change would look like for those impacted. Gaining buy-in from other team leaders is critical, so citizen developers and IT need to become internal advocates for the benefits of automation.

Another non-negotiable ground rule is that citizen developers should only use IT-sanctioned tools platforms. This gives IT the necessary insight and ability to monitor the quality and security of new applications. IT can also set up “sandbox environments” to reduce risks and allow developers to create apps without interfering with other systems. Ultimately, IT is responsible for monitoring all citizen developer activities and application development.

To help no/low-code solutions integrate smoothly with their existing IT infrastructure, companies should:  

  • Look for software with features that support security and compliance efforts, such as SSO, MFA, and permission management.  
  • Compare software uptimes and availability, to minimize the risk of disruption.  
  • Make sure the software vendor offers appropriate support so that the IT team isn’t burdened with unnecessary maintenance. When it comes to conserving IT resources, no/low-code software that enables citizen developers and invites business users into the problem-solving process will also help cut down on the IT backlog.
  • Last but not least, consider no/low-code solutions that can handle multiple use cases across a variety of departments. Scalability and stack extensibility are cost-containment strategies that deliver the most value when solutions are easily adaptable and which integrate with a wide range of apps and systems.

Investing in the right no/low code solution is the first step, but investing in internal training and skills development is even more important. Companies need to give citizen developers the proper education, support, and resources to learn. Growth doesn’t happen overnight; IT needs to approach citizen development with patience and teamwork. Creating a collaborative learning environment also helps mitigate the risks of citizen developers pursuing shadow IT solutions or making costly mistakes.

The point of citizen development is to empower non-technical employees, not eliminate IT. While citizen development may sound like a threat to IT departments, it’s actually the opposite. Citizen development is about helping IT professionals. While it may take some time in the beginning, this investment will pay off when citizen developers are able to build and connect quality automated workflows on their own.

Foreseeing the Future

Stack extensibility, especially when enabled by low-code BPA, significantly increases the agility and competitiveness of the typical enterprise. Critical applications remain relevant and utility goes up, without custom development or the need to dive into the organization’s central (and typically most expensive) tech investments.  

Under this progressive approach, business users become partners with IT, working from the same playbook. Developer resources, always at a premium, are conserved and extended. Stakeholders are able to move quicker – and everyone’s lives are made a lot easier as a result.  

There may never be a time when technology can fully anticipate the needs of business; however, flexible, secure and easy-to-use connective solutions can make dynamic environments a lot less troublesome – and allow enterprises to move forward with confidence. With stack extensibility, IT no longer has to predict the future. Instead, it can simply plan for it.

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Intel oneDAL Available in ML.NET

MMS Founder
MMS Robert Krzaczynski

Article originally posted on InfoQ. Visit InfoQ

The first preview release of ML.NET 3.0, available since December, contains the integration with Intel oneAPI Data Analytics Library that leverages SIMD extensions on 64-bit architectures, which are available on Intel and AMD processors.

ML.NET 3.0 allows importing more machine learning capabilities into existing .NET applications. This feature eliminates the need to code complex methods to generate predictive models.

Intel oneAPI Data Analytics Library helps accelerate data analysis of large datasets by providing highly optimised algorithmic building blocks for all stages of the data analysis such as preprocessing, modelling or decision-making. These blocks are independent of any communication layer. The library optimises data acquisition along with algorithmic calculations to increase scalability and throughput.

Jake Radzikowski and Luis Quintanilla mentioned in the last Machine Learning Community Standup that the ML.NET team worked closely with Intel to optimise Intel hardware, but it is also compatible with AMD CPUs. ML.NET 3.0 brings some new algorithms and improves the existing ones. The next step of the ML.NET 3.0 development will be integrating these algorithms with AutoML and Model Builder. More details about the upcoming features and improvements are accessible on the ML.NET roadmap.

oneAPI Data Analytics Library integrates with ML.NET, speeding up the training of the following trainers: L-BGFS, Ordinary Least Squares, FastTree and FastForest. L-BGFS is used for regression tasks, Ordinary Least Squares for classification and the last two for both regression and classification.

In order to start using oneAPI Data Analytics Library in ML.NET, it is necessary to install the latest Microsoft.ML 3.0 preview version and the Microsoft.ML.OneDal NuGet package. In addition, a key element is setting the MLNET_BACKEND environment variable to ONEDAL. There is also a known problem on Windows with the library loading. In order to fix this, it is necessary to add the ‘runtimes-x64native’ directory in the ‘bin’ directory of the application to the PATH environment variable.

A usage example is available on GitHub.

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MongoDB Inc. (MDB) Reveals an Earnings Mystery – News Heater

MMS Founder
MMS RSS

Posted on mongodb google news. Visit mongodb google news

MongoDB Inc. (NASDAQ:MDB) went up by 7.58% from its latest closing price compared to the recent 1-year high of $471.96. The company’s stock price has collected 13.22% of gains in the last five trading sessions. Barron’s reported on 09/01/22 that MongoDB Stock Falls Sharply as Fiscal-Year Forecast Disappoints

Is It Worth Investing in MongoDB Inc. (NASDAQ :MDB) Right Now?

Plus, the 36-month beta value for MDB is at 0.93. Opinions of the stock are interesting as 19 analysts out of 25 who provided ratings for MongoDB Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could “deliver huge returns.” Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our
5 Best Growth Stocks To Own For 2023.

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The average price from analysts is $248.52, which is $27.9 above the current price. MDB currently public float of 66.20M and currently shorts hold a 6.80% ratio of that float. Today, the average trading volume of MDB was 2.07M shares.

MDB’s Market Performance

MDB stocks went up by 13.22% for the week, with a monthly jump of 18.62% and a quarterly performance of 17.25%, while its annual performance rate touched -36.28%. The volatility ratio for the week stands at 7.72% while the volatility levels for the past 30 days are set at 6.20% for MongoDB Inc. The simple moving average for the period of the last 20 days is 16.59% for MDB stocks with a simple moving average of -10.24% for the last 200 days.

Analysts’ Opinion of MDB

Many brokerage firms have already submitted their reports for MDB stocks, with Guggenheim repeating the rating for MDB by listing it as a “Neutral.” The predicted price for MDB in the upcoming period, according to Guggenheim is $205 based on the research report published on January 27th of the current year 2023.

Wedbush, on the other hand, stated in their research note that they expect to see MDB reach a price target of $240. The rating they have provided for MDB stocks is “Outperform” according to the report published on December 15th, 2022.

JMP Securities gave a rating of “Mkt Outperform” to MDB, setting the target price at $215 in the report published on December 07th of the previous year.

MDB Trading at 22.97% from the 50-Day Moving Average

After a stumble in the market that brought MDB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.54% of loss for the given period.

Volatility was left at 6.20%, however, over the last 30 days, the volatility rate increased by 7.72%, as shares surge +18.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.94% upper at present.

During the last 5 trading sessions, MDB rose by +13.22%, which changed the moving average for the period of 200-days by -45.38% in comparison to the 20-day moving average, which settled at $193.90. In addition, MongoDB Inc. saw 13.80% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at MDB starting from Pech Cedric, who sale 328 shares at the price of $199.31 back on Jan 03. After this action, Pech Cedric now owns 33,829 shares of MongoDB Inc., valued at $65,374 using the latest closing price.

Bull Thomas, the Principal Accounting Officer of MongoDB Inc., sale 399 shares at $199.31 during a trade that took place back on Jan 03, which means that Bull Thomas is holding 16,203 shares at $79,525 based on the most recent closing price.

Stock Fundamentals for MDB

Current profitability levels for the company are sitting at:

  • -33.12 for the present operating margin
  • +69.26 for the gross margin

The net margin for MongoDB Inc. stands at -35.12. Equity return is now at value -54.30, with -14.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.90.

Article originally posted on mongodb google news. Visit mongodb google news

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After losing 45% in the past year, MongoDB, Inc. (NASDAQ:MDB) institutional owners must …

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Key Insights

  • Significantly high institutional ownership implies MongoDB’s stock prices are sensitive to their trading actions.
  • The top 11 shareholders own 51% of the company
  • Insiders have been selling lately

To get a sense of who is truly in control of MongoDB, Inc. (NASDAQ:MDB), it is important to understand the ownership structure of the business. We can see that institutions own the lion’s share in the company with 83% ownership. Put another way, the group faces the maximum upside potential (or downside risk).

Institutional investors would appreciate the 8.2% increase in share prices last week, given their one-year returns have been disappointing at 45%.

In the chart below, we zoom in on the different ownership groups of MongoDB.

View our latest analysis for MongoDB

ownership-breakdown
NasdaqGM:MDB Ownership Breakdown January 30th 2023

What Does The Institutional Ownership Tell Us About MongoDB?

Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.

We can see that MongoDB does have institutional investors; and they hold a good portion of the company’s stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It’s therefore worth looking at MongoDB’s earnings history below. Of course, the future is what really matters.

earnings-and-revenue-growth
NasdaqGM:MDB Earnings and Revenue Growth January 30th 2023

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. MongoDB is not owned by hedge funds. T. Rowe Price Group, Inc. is currently the largest shareholder, with 10% of shares outstanding. For context, the second largest shareholder holds about 8.8% of the shares outstanding, followed by an ownership of 6.9% by the third-largest shareholder.

After doing some more digging, we found that the top 11 have the combined ownership of 51% in the company, suggesting that no single shareholder has significant control over the company.

While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock’s expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

Insider Ownership Of MongoDB

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.

We can report that insiders do own shares in MongoDB, Inc.. Insiders own US$582m worth of shares (at current prices). Most would say this shows a good alignment of interests between shareholders and the board. Still, it might be worth checking if those insiders have been selling.

General Public Ownership

The general public– including retail investors — own 14% stake in the company, and hence can’t easily be ignored. While this group can’t necessarily call the shots, it can certainly have a real influence on how the company is run.

Next Steps:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider risks, for instance. Every company has them, and we’ve spotted 4 warning signs for MongoDB you should know about.

Ultimately the future is most important. You can access this free report on analyst forecasts for the company.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

Valuation is complex, but we’re helping make it simple.

Find out whether MongoDB is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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MongoDB Inc. (NASDAQ: MDB) Analysts Suggest That Investors Hold Their Positions.

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MongoDB Inc. (NASDAQ:MDB) price closed higher on Friday, January 27, jumping 7.58% above its previous close.

A look at the daily price movement shows that the last close reads $208.23, with intraday deals fluctuated between $203.77 and $224.895. The company’s 5Y monthly beta was ticking 1.16. Taking into account the 52-week price action we note that the stock hit a 52-week high of $471.96 and 52-week low of $135.15. The stock added 18.62% on its value in the past month.

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MongoDB Inc., which has a market valuation of $14.43 billion, is expected to release its quarterly earnings report Mar 06, 2023 – Mar 10, 2023. Analysts tracking MDB have forecast the quarterly EPS to shrink by -0.17 per share this quarter, while the same analysts predict the annual EPS to hit -$0.31 for the year 2023 and up to $0.12 for 2024. In this case, analysts estimate an annual EPS growth of 47.50% for the year and 138.70% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $303.47 million, with the likely lows of $300.91 million and highs of $318.18 million. Staying with the analyst view, there is a consensus estimate of $1.21 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 38.30% above that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give MDB a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 25 analysts have assigned MDB a recommendation rating as follows: 4 rate it as a Hold; 19 advise Buy while 2 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the MongoDB Inc. (MDB) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that MDB’s price is at present 16.59% off the SMA20 and 22.97% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 64.97, with weekly volatility standing at 7.72%. The indicator jumps to 6.20% when calculated based on the past 30 days. MongoDB Inc. (NASDAQ:MDB)’s beta value is holding at 0.93, while the average true range (ATR) indicator is currently reading 12.78. Considering analysts have assigned the stock a price target range of $170.00-$325.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $248.52. Based on this estimate, we see that current price is roughly 24.11% off the estimated low and -45.08% off the forecast high. Investors will no doubt be excited to see the share price fall to $240.00, which is the median consensus price, and at that level MDB would be -7.14% from current price.

Turning out attention to how the MongoDB Inc. stock has performed in comparison to its peers in the industry, here’s what we find: MDB’s stock is 7.58% on the day and -36.28% in the past 12 months, while Progress Software Corporation (PRGS) traded 0.06% in the last session and was positioned 18.77% up on its price 12 months ago. Elsewhere in the market, the S&P 500 Index has rallied 0.25% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.08%.

An analysis of the MongoDB Inc. (NASDAQ:MDB) stock in terms of its daily trading volume indicates that the 3-month average is 2.07 million. However, this figure increases on the past 10-day timeline to an average of 1.7 million.

Current records show that the company has 68.92M in outstanding shares. The insiders’ percentage holdings are 2.60% of outstanding shares while the percentage share held by institutions stands at 92.40%. The stats also highlight that short interest as of Oct 13, 2022, stood at 3.83 million shares, which puts the short ratio at the time at 1.89. From this we can glean that short interest is 5.58% of company’s current outstanding shares. Notably, we see that shares short in October fall slightly given the previous month’s figure stood at 4.12 million. But the 13.80% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

Article originally posted on mongodb google news. Visit mongodb google news

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