Month: May 2023

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May 29, 2023 – Clearbridge Investments LLC has recently released their latest filing with the Securities and Exchange Commission (SEC) which shows a significant decrease in their position in MongoDB, Inc. (NASDAQ:MDB). According to the filing, the firm reduced its holdings in MongoDB by 85.0% during the fourth quarter of last year. The company now owns only 3,481 shares of MongoDB’s stocks, down from their previous number of 19,791 shares.

This development is just one example of how quickly things can change in the stock market. MongoDB was founded by Eliot Horowitz and Dwight A., with a mission to provide a versatile database platform that could meet various business needs. The company’s products include MongoDB Enterprise Advanced, Atlas, Community Server as well as professional services such as consulting and training.

Despite being seen as a promising investment option earlier on, MDB appears to have experienced a decline lately. The company’s stock opened at $283.36 on Monday this week. Their current market capitalization stands at $19.85 billion with price-to-earnings ratio of -56.22 while also boasting a beta factor of 1.06. Other indicators like their quick ratio and debt-to-equity ratio tell us that there may be some challenges within the company.

MDB has experienced fluctuations in share prices over time; peaking at their 1-year high of $390.84 but has since declined sharply reaching $135.15 this past year alone.

In conclusion, investing requires astute observation about different market trends and an ability to predict future changes in those trends but past performance does not guarantee future outcomes or results on an investment portfolio just like what happened to Clearbridge Investments LLC who thought previously to invest on MDB but fortunately they sell off almost all their shares before any more market changes arise–saving themselves millions or billions!

Insights into MongoDB Stock Ownership and Analyst Ratings

MongoDB: Who Owns the Stock and What Analysts are Saying

MongoDB, Inc is a well-known company that provides database platforms. The company develops MongoDB Enterprise Advanced, Atlas, Community Server, and professional services such as training and consulting.

Several institutional investors have shown an increasing interest in the company’s stock. Allworth Financial LP has grown its shareholding by 12.9%, a move that resulted in the acquisition of an extra 58 shares worth $100,000. Cetera Advisor Networks LLC increased its position by 7.4% to land at 860 shares valued at $223,000. Janney Montgomery Scott LLC added 1,512 shares after boosting their stake in the firm by 4.5%, while Park Avenue Securities LLC purchased another 77 MongoDB shares during this period to bring their holding to a total of 1,350 representing $266,000 in valuation. Fifth Third Bancorp holds an additional 93 shares valued at $142,000 after raising its stake level in MongoDB by 14.8%.

At present institutional investors and hedge funds hold roughly around 84% of the company’s outstanding stock.

Following its recent earnings report announced on March 8th this year, MongoDB received ‘buy’ ratings from nineteen research analysts while two issued ‘hold’ recommendations and only one reduced its rating to sell; resulting in Bloomberg data reflecting the Current consensus rating of “Moderate Buy.”

KeyCorp raised their price estimate on MDB’s stock from $229 to $264 per share with an “overweight” rating on April 20th while the Tigress Financial Corporation restated a “buy” rating with target pricing set at $365 making MongoDB shares highly sought after.

However as per Mizuho Securities USA last March they downgraded MDB’s price target from what was initially estimated at $220 downward now reflecting approximately close to just under a-half or closer at around $180 for a neutral stock rating stating figures not on par with initial estimates.

CEO Dev Ittycheria and CAO Thomas Bull both sold shares of MongoDB, Inc. recently that total 135,108 shares. These transactions have significantly reduced the insider’s stocks to only 4.80% of the company’s stock currently.

Based on its Q1 numbers, MongoDB had a return on equity reading negative at 48.38% with a negative net margin of 26.90%, which was better than what Wall Street analysts had estimated to be around $335.84 million in revenue; putting MDB on track for -4.04 earnings per share this fiscal year, according to experts’ forecasts.

In summary, although the share prices fluctuate like any other traded item and there is no guarantee for any analyst prognosis but overall MDB seems well positioned for growth opportunity due to the huge backing of institutional investors and hedge funds combined with its consistently positive earnings report results.

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

Posted on mongodb google news. Visit mongodb google news

CI Investments Inc. grew its position in MongoDB, Inc. (NASDAQ:MDB – Get Rating) by 126.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 186 shares of the company’s stock after acquiring an additional 104 shares during the quarter. CI Investments Inc.’s holdings in MongoDB were worth $37,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MDB. Lindbrook Capital LLC lifted its holdings in MongoDB by 350.0% in the 4th quarter. Lindbrook Capital LLC now owns 171 shares of the company’s stock valued at $34,000 after purchasing an additional 133 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in shares of MongoDB in the fourth quarter worth about $36,000. Huntington National Bank boosted its position in MongoDB by 1,468.8% during the third quarter. Huntington National Bank now owns 251 shares of the company’s stock worth $50,000 after acquiring an additional 235 shares during the last quarter. Quent Capital LLC grew its stake in MongoDB by 372.9% during the 4th quarter. Quent Capital LLC now owns 402 shares of the company’s stock valued at $79,000 after acquiring an additional 317 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in MongoDB by 951.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 410 shares of the company’s stock valued at $81,000 after acquiring an additional 371 shares during the last quarter. 84.86% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MongoDB

In related news, CAO Thomas Bull sold 605 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the transaction, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Thomas Bull sold 605 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $228.34, for a total value of $138,145.70. Following the completion of the sale, the chief accounting officer now directly owns 17,706 shares of the company’s stock, valued at $4,042,988.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dwight A. Merriman sold 14,095 shares of MongoDB stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $206.95, for a total value of $2,916,960.25. Following the sale, the director now owns 1,227,954 shares in the company, valued at approximately $254,125,080.30. The disclosure for this sale can be found here. Insiders have sold a total of 135,108 shares of company stock worth $30,127,927 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

MongoDB Trading Down 0.5 %

Shares of NASDAQ MDB opened at $283.36 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 3.80 and a current ratio of 3.80. The stock’s 50-day moving average is $238.04 and its two-hundred day moving average is $210.45. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $390.84.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The company reported ($0.98) EPS for the quarter, topping the consensus estimate of ($1.18) by $0.20. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. The company had revenue of $361.31 million during the quarter, compared to analysts’ expectations of $335.84 million. Analysts anticipate that MongoDB, Inc. will post -4.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MDB. KeyCorp boosted their target price on MongoDB from $229.00 to $264.00 and gave the stock an “overweight” rating in a report on Thursday, April 20th. Sanford C. Bernstein assumed coverage on MongoDB in a research note on Friday, February 17th. They issued an “outperform” rating and a $282.00 target price for the company. Needham & Company LLC boosted their price target on shares of MongoDB from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, March 9th. Barclays raised their price objective on shares of MongoDB from $257.00 to $280.00 in a research report on Monday, May 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $235.00 target price on shares of MongoDB in a report on Thursday, March 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $257.22.

MongoDB Profile

(Get Rating)

MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

Further Reading

Want to see what other hedge funds are holding MDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MongoDB, Inc. (NASDAQ:MDB – Get Rating).

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Article originally posted on InfoQ. Visit InfoQ

This week’s Java roundup for May 22nd, 2023 features news from OpenJDK, JDK 21, Spring Cloud 2022.0.3, Spring Shell 3.1.0, 3.0.4 and 2.1.10, Spring Security Kerberos 2.0-RC2, Payara Platform, Quarkus 3.0.4 and 2.13.8, WildFly 28.0.1, Micronaut 4.0-M5, Helidon 2.6.1, MicroStream 8.1.0, Apache Camel 3.20.5, JDKMon 17.0.61, JHipster Lite 0.33.0, Java’s 28th Birthday and Azul State of Java survey.

OpenJDK

JEP 451, Prepare to Disallow the Dynamic Loading of Agents, has been promoted from Candidate to Proposed to Target for JDK 21. Originally known as Disallow the Dynamic Loading of Agents by Default, and following the approach of JEP Draft 8305968, Integrity and Strong Encapsulation, this JEP has evolved from its original intent to disallow the dynamic loading of agents into a running JVM by default to issue warnings when agents are dynamically loaded into a running JVM. Goals of this JEP include: reassess the balance between serviceability and integrity; and ensure that a majority of tools, which do not need to dynamically load agents, are unaffected. The review is expected to conclude on May 31, 2023. InfoQ will follow up with a more detailed news story.

In response to numerous questions about the design philosophy of the exhaustiveness checking in pattern switch, Brian Goetz, Java language architect at Oracle, and Gavin Bierman, consulting member of technical staff at Oracle, have published a document detailing the connection between the properties of unconditionality, exhaustiveness and remainder.

JDK 21

Build 24 of the JDK 21 early-access builds was also made available this past week featuring updates from Build 23 that include fixes to various issues. Further details on this build may be found in the release notes.

For JDK 21, developers are encouraged to report bugs via the Java Bug Database.

Spring Framework

The release of Spring Cloud 2022.0.3, codenamed Kilburn, delivers compatibility with Spring Boot 3.1 and updates to Spring Cloud sub-projects such as: Spring Cloud OpenFeign 4.0.3, Spring Cloud Commons 4.0.3, Spring Cloud Kubernetes 3.0.3 and Spring Cloud Starter Build 2022.0.3. There are, however, breaking changes with the removal of sub-projects: Spring Cloud CLI, Spring Cloud for Cloud Foundry and Spring Cloud Sleuth. More details on this release may be found in the release notes.

Versions 3.1.0, 3.0.4 and 2.1.10 of Spring Shell have been released featuring notable fixes such as: an instance of the ConfirmationInput class does not show the option selected when typing; and having target method argument as a boolean argument fails if the @Option or @ShellOption annotations are not used. These versions build upon Spring Boot versions 3.1.0, 3.0.7 and 2.7.12, respectively. Further details on these releases may be found in the release notes for version 3.1.0, version 3.0.4 and version 2.1.10.

The second release candidate of Spring Security Kerberos 2.0.0 features a dependency upgrade to Spring Security 6.1.0. More details on this release may be found in the release notes.

Payara

Payara has released their May 2023 edition of the Payara Platform that includes Community Edition 6.2023.5, Enterprise Edition 6.2.0 and Enterprise Edition 5.51.0. All three versions feature resolutions to: address CVE-2023-1370, a vulnerability in which the unregulated recursive parsing of JSON nested arrays and objects in Json-smart, a JSON processor library, may lead to a stack overflow and crash the software; and the exception “JVM option${ } already exists in the configuration” upon creating JVM option using Web UI. There were also dependency upgrades to: Jackson 2.15.0, SnakeYAML 2.0, JSON Smart 2.4.10 and Docker Image for JDKs 8u372, 11.0.19, and 17.0.7. Further details on these versions may be found in the release notes for Community Edition 6.2023.5, Enterprise Edition 6.2.0 and Enterprise Edition 5.51.0.

Quarkus

Quarkus 3.0.4.Final, the third maintenance release (version 3.0.1 was the initial release), provides improvements in documentation and notable bug fixes such as: failed native image builds when the quarkus.package.output-directory property is set; a “No current injection point found” error when using a @ConfigMapping in conjunction with an onStartup() method; and fix location and content location headers in RestEasy Reactive. More details on this release may be found in the changelog.

Similarly, Quarkus 2.13.8 was also released with notable bug fixes, many of them backports, such as: a fix for the warning message quarkus.oidc.application-type=service; encrypt the OIDC session cookie value by default; filter out RESTEasy-related warning related to an Apache HTTP Client not being closed in the ProviderConfigInjectionWarningsTest class; and a recent Netty version update that introduced warnings while building a native image of MongoDB Client. Further details on this release may be found in the release notes.

WildFly

WildFly 28.0.1 has been released featuring dependency upgrades and notable bug fixes such as: the testContextPropagation() test defined in the ContextPropagationTestCase class will occasionally fail when using Long Running Actions; a deployable, yet non-functional QS app on OpenShift resulting from an update to Helm Charts in todo-backend, a quickstart for backend deployment on OpenShift; and the isExpired() method defined in the ExpirationMetaData interface does not conform to the logic in the LocalScheduler class.

Micronaut

On the road to version 4.0, the Micronaut Foundation has released Micronaut 4.0.0-M5 featuring numerous dependency upgrades and improvements such as: add @BootstrapContextCompatible, an annotation indicating that a bean can be loaded into the Bootstrap Context, to JSON message readers; the ability to disable SLF4J initialization when Micronaut environments are used in Micronaut OpenAPI; and use the bean definition type for unexpected duplicate beans in custom singleton-like scope based on the AbstractConcurrentCustomScope class. More details on this release may be found in the release notes.

Helidon

Oracle has released Helidon 2.6.1 with dependency upgrades and notable changes such as: update the isReleased() method defined in the ByteBufDataChunk class to use an instance of the AtomicBoolean class to prevent race conditions that may call the release callback more than once; add the @Target(ElementType.METHOD) annotation for the @MPTest annotation to specify a specific target; and fixes for the overloaded create() methods defined in the WritableMultiPart class. Further details on this release may be found in the release notes.

MicroStream

The release of MicroStream 8.1.0 delivers integration with Quarkus 3 and a fix for which the Stream API doesn’t unload as expected when using the Lazy Collections API.

The Micronaut team has also introduced the Quarkus Extension for MicroStream that allows accessing the functionality of MicroStream in Quarkus applications through the use of annotations.

Apache Camel

Apache Camel 3.20.5 has been released featuring bug fixes, dependency upgrades and improvements, primarily in the camel-jbang module, such as the ability to: load YAML files that only define Java beans; use a filename to generate the ID of a route when creating a Camel file in the XML DSL with camel-jbang; and run camel-jbang from an empty folder and then reload when new files are added. More details on this release may be found in the release notes.

JDKMon

Version 17.0.61 of JDKMon, a tool that monitors and updates installed JDKs, has been made available this past week. Created by Gerrit Grunwald, principal engineer at Azul, this new version: adds a property to the jdkmon.properties file to disable notifications; and provides fixes to issues related to detected CPU architectures and multiple builds of the same JDK version.

JHipster

The JHipster team has released version 0.33.0 of JHipster Lite with many dependency upgrades and notable changes such as: sharing module properties between landscape and patch screens; a fix on native hints for the integration of JGit; and the addition of the DestroyRef provider. Further details on this release may be found in the release notes.

Happy 28th Birthday, Java!

Java turned 28 years old this past week as the language was introduced at the SunWorld 1995 conference on May 23, 1995. The Java developer relations team at Oracle celebrated with a 28 Hours of Java event hosted by Ana Maria Mihalceanu, Nicolai Parlog and Sharat Chander. Topics included: live coding and exploration, presentations, conversations with Java luminaries, and fun games. This was the agenda:

• An exploration on JUnit Pioneer with Nicolai.
• Data-Oriented Programming in Java (21) presented by Nicolai.
• A conversation with Gavin Bierman on pattern matching facilitated by Nicolai.
• Exploring JEP 451, Prepare to Disallow the Dynamic Loading of Agents, and JEP Draft 8305968, Integrity and Strong Encapsulation, with Nicolai.
• A conversation with Ron Pressler discussing platform integrity (JEP Draft 8305968), JEP 445, Unnamed Classes and Instance Main Methods (Preview), and JEP 453, Structured Concurrency (Preview), facilitated by Nicolai.
• Growing Up with Java presented by Ana.
• Playing Byte Legend with Ana.
• Java State of the Union and Why Community Matters presented by Sharat.
• A roundtable discussion with Pratik Patel, Mohammed Aboullaite, Venkat Subramaniam, Andres Almiray, Ixchel Ruiz and Vincent Mayers facilitated by Sharat.
• A conversation with Brian Goetz, facilitated by Nicolai, discussing Project Valhalla with a focus on how to surface value and primitive types and nullability in the language.
• A conversation with Gunnar Morling facilitated by Nicolai.
• Java Next presented by Nicolai.
• Playing Slay the Spire (written in Java) and exploring modding with Nicolai.
• Project Amber: The SolutionFactory To Java’s Problems presented by Nicolai.
• From Idea to IDE presented by Nicolai.
• Ask Me Anything session with Nicolai.
• Closing remarks by Nicolai.

This special event was live-streamed on the Java YouTube channel.

Developer Surveys

Azul has launched their State of Java survey in which the areas of study include: OpenJDK distributions and Java versions developers are using; Java-based infrastructures and languages; and Java applications running in public clouds. The survey closes on June 15, 2023.

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Looking to create a MERN stack app? Interested in harnessing the power of MongoDB, Express.js, React.js, and Node.js to build a robust and scalable web application? You’re in the right place! In this article, brought to you by a reputable MERN stack development services company, we will guide you through the process of creating a MERN stack app, from setting up the development environment to deploying your application. By following these steps, you’ll be well on your way to building your very own MERN stack app.

Setting Up the Development Environment

Before diving into the development process, you need to ensure that your development environment is properly set up. Here are the steps to get started:

1. Install Node.js and npm:js is a prerequisite for developing MERN stack apps. Install Node.js, which includes npm (Node Package Manager), by downloading the installer from the official Node.js website.
2. Choose a Code Editor: Select a code editor that suits your preferences and provides a comfortable development experience. Popular options include Visual Studio Code, Sublime Text, and Atom.
3. Initialize a New Project: Open your command-line interface, navigate to the desired directory, and run the command npx create-react-app your-app-name to set up a new React project. This command installs the necessary dependencies and creates a basic React app structure.
4. Install Additional Dependencies: To complete the MERN stack setup, install the required dependencies. Run the command npm install express mongoose to install Express.js and MongoDB’s Mongoose package.

Building the Backend with Node.js and Express.js

The backend of your MERN stack app is responsible for handling data requests and interactions with the database. Here’s how you can build the backend using Node.js and Express.js:

1. Create the Server: In the root directory of your project, create a new file named server.js to define the server. Import Express.js and create an instance of the Express app. Set up the server to listen on a specified port.
2. Define Routes: Create a new folder named routes to store your API routes. Define routes for different HTTP methods (GET, POST, PUT, DELETE) and handle them using Express.js’ router.
3. Connect to MongoDB: Use Mongoose to connect to your MongoDB database. Set up the connection by providing the database URL and handling connection events.

4. Implement Controllers: Inside the routes folder, create a new folder named controllers to define the logic for handling requests. Implement functions for each route to interact with the database, perform CRUD operations, and send responses.

Creating the Frontend with React.js

The frontend of your MERN stack app is responsible for the user interface and interacting with the backend. Here’s how you can create the frontend using React.js:

1. Component Structure: Plan and design the component structure of your app. Break it down into reusable components for different sections or functionalities.
2. Implement Components: Create the necessary components using React.js. Define the JSX structure, add styling with CSS or a CSS-in-JS library like styled-components, and implement the required functionality.
3. API Integration: Use Axios or the built-in fetch API to send HTTP requests from the frontend to your backend API. Fetch data from the server, update the UI, and handle user interactions.
4. Routing: Implement routing within your React app using React Router. Define routes for different pages or sections of your app and navigate between them.

Deploying Your MERN Stack App

Once you have completed the development of your MERN stack app, it’s time to deploy it and make it accessible to users. Here are some deployment options to consider:

1. Hosting Platform: Choose a hosting platform that supports Node.js and React.js apps. Popular options include Heroku, Netlify, and AWS.
2. Build and Deployment Process: Configure your hosting platform to build and deploy your app. Set up scripts in your package.json file to build the React app and start the Node.js server.
3. Database Setup: Ensure that your MongoDB database is properly configured for production use. Update the connection URL to point to the production database.
4. Continuous Integration: Consider implementing continuous integration and deployment practices to automate the build and deployment process. Services like Travis CI or GitHub Actions can help streamline the process.

Hiring AAMAX for Custom Website Development

While creating a MERN stack app can be an exciting and rewarding experience, you may require professional assistance for complex projects or to ensure a smooth development process. For custom website development, consider hiring AAMAX, a leading Website and Application Development and Digital Marketing Agency. With their expertise and experience, their team can help bring your MERN stack app ideas to life while providing tailored solutions to meet your specific needs.

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

Posted on mongodb google news. Visit mongodb google news

Market Overview:

The Global Database as a Service size was valued at USD 16.66 Billion in 2021 and is projected to reach USD 50.24 Billion by 2028, growing at a CAGR of 17.08 % from 2022 to 2028. 

Database-as-a-Service (DBaaS) is a cloud computing service that enables users to access cloud database systems without the need for an on-premises database management system. This service is provided by a cloud service provider who takes care of various tasks such as backups and regular upgrades, ensuring constant accessibility and security of the database system. DBaaS simplifies the process of setting up, monitoring, and managing databases through its integrated management capabilities, which include utilities for logging, key management, and activity tracking. Furthermore, it offers benefits such as risk management, customer-oriented marketing, and cost savings in terms of hardware and software setup, deployment, and maintenance. As a result, DBaaS is gaining popularity among small and medium-sized businesses (SMEs) worldwide. A significant growth factor for this market is the increasing sales of smartphones, which aligns with the growing demand for mobile applications.

The Report Will Include A Major Chapter

• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis

Acquire PDF Sample Report + All Related thorough TOC, Graphs and Tables of Global Database as a Service Market Now:

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Market Dynamics and Factors:      

The demand for large storage space and the need for self-driving cloud databases are two significant trends driving the evolution of database technologies. With the exponential growth of data, businesses, and organizations require larger storage capacities to store and manage their ever-increasing volumes of information. These self-driving databases leverage artificial intelligence and machine learning algorithms to optimize performance, automate routine tasks, and provide proactive maintenance and security.

The exploration of on-site and cloud-based solutions offers promising avenues for minimizing the initial capital costs of IT infrastructure, opening up significant growth opportunities. On-site solutions involve the traditional approach of setting up and maintaining IT infrastructure within the organization’s premises. With cloud-based solutions, businesses can leverage the infrastructure and services offered by cloud service providers, eliminating the need for significant upfront capital expenditures. The cost savings and flexibility offered by cloud-based solutions are expected to generate ample growth opportunities as businesses seek to optimize their IT infrastructure costs while focusing on core operations and innovation.

Top Key Players Covered in The Database as a Service Market:

• Google LLC (U.S)
• IBM (U.S)
• Microsoft Corporation (U.S)
• Amazon Web Services (U.S)
• SAP (Germany)
• EnterpriseDB (U.S)
• Redis Ltd (U.S)
• MongoDB (U.S)
• Oracle Corporation (U.S)
• MariaDB (Finland) and Other Major Players.

The Database as a Service Market Report Highlight:

• By Deployment Type, the Cloud-Based segment is anticipated to lead the growth of the Database as a Service market in the forecasted timeframe. Cloud-based database services, also known as Database-as-a-Service (DBaaS), provide organizations with the flexibility, scalability, and cost-effectiveness they need to manage their databases efficiently.
• By Organization Size, the SME segment is anticipated to lead the growth of the Database as a Service market in the forecasted timeframe. By leveraging database services, SMEs can offload the burden of database management to cloud service providers, allowing them to focus on their core business operations.
• By End-Users, the BFSI segment is anticipated to lead the growth of the Database as a Service market in the forecasted timeframe. The BFSI sector heavily relies on robust and secure database solutions to manage vast amounts of financial data, customer records, transactions, and compliance requirements.
• The North American region is expected to have the highest share of the Database as a Service market over the projected period. The dominance of the United States and Canada in the DBaaS market is attributable to factors like the widespread usage of DBaaS for industrial purposes with cutting-edge database technology like Microsoft SQL Server, MongoDB, and Elasticsearch.

Key Industry Development:

In May 2023, Portworx by Pure Storage Announces Partnership with MongoDB to Unlock a Consistent Developer Experience for All Data Services. The partnership includes a first-of-its-kind integration between the industry’s first Database-Platform-as-a-Service (DBPaaS), Portworx Data Services, and MongoDB that revolutionizes how developers build modern applications.

Database as a Service Market Segmentation:

By Deployment Type

• On-Premise
• Cloud-Based

By Organization Size

• SMEs
• Large Enterprises
• Others

By End-User

• BFSI
• Healthcare
• Others

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For this report, Introspective Market Research has segmented the Database as a Service Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)

North America

• The U.S.
• Canada
• Mexico

Europe

• Germany
• UK
• France
• Italy
• Russia
• Spain
• Rest Of Europe

Asia Pacific

• China
• India
• Japan
• Singapore
• Australia
• New-Zealand
• Rest of APAC

Middle East & Africa

• Turkey
• Saudi Arabia
• Qatar
• UAE
• Israel
• South Africa

South America

• Brazil
• Argentina
• Rest of SA

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Scope of the Report:

The latest research on the Database as a Service market provides a comprehensive overview of the market for the years 2022 to 2028. It gives a comprehensive picture of the global Database as a Service industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Database as a Service market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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

Posted on mongodb google news. Visit mongodb google news

Shopping and selling online has become a popular trend, specifically post-pandemic, and both consumers and sellers are finding it convenient. One potential reason behind the success of online shopping is the demand and supply theory that works in sync. 

Sellers are consistently looking for new platforms where customers are readily available to buy the product. Having a huge customer database is certainly a significant way to lead the competition. 

Despite consistent practices followed by online sellers to improve their platform for shoppers, there are areas that need to be enhanced. 

There are a number of reasons why customers face challenges when shopping online, and dissatisfied consumers often abandon the cart. 

The article enumerates potential problems that prevent consumers from ordering products online. 

1. Constant Price Fluctuation

Online shopping sites work on discounts and offers to attract customers. On the other hand, customers are also looking for better offers, and usually, they compare different online platforms to check the price and attributes of the same product. 

Buyers don’t leave a single way to confirm the product’s price to ensure they are getting a good offer. Whether they need to scroll other websites or contact a friend who has purchased the same product, they just do everything they can for a better deal. 

If you are among those buyers, you might find it difficult to switch between phone and computer while shopping. In that case, you can import contacts from iPhone to Mac to easily WhatsApp your friend from a computer and ask for the actual price. 

2. Incomplete Product Information 

Correct, accurate, and updated information makes all the difference. Sellers must input product information carefully to allow customers to make an informed decision. Online platforms work on the combination of images and text. 

While the text gives detailed information about the product, the images give a close idea about appearance and other statistics. 

Clear the images and better the conversions. Sellers should refrain from displaying incorrect information just for the sake of selling the product. 

Online platforms should work on displaying the size and measurement information, product quality details, and color information to keep the buyers informed. 

3. Wrong Item and Quality Issues 

Wrong product shipment to buyers is common in the online shopping industry. Not only this leaves the consumers frustrated, but they avoid shopping from the same platform again. Online shopping sites are all about digital and electronic things. 

However, humans input all the information based on which the customers receive the product. If the online staff inputs wrong information about the product ordered by the customers, the latter will receive the wrong item. 

Product checks for quality and specification before dispatch may help online shopping platforms avoid such problems. 

4. Hidden Costs & Surcharges

Several online platforms impose hidden charges on the products they sell. Based on the eCommerce platforms and the product you purchase, these charges vary significantly, and you may not even realize you are paying extra. 

One of the most common examples of hidden costs is delivery charges. With open access to the digital world, customers check and compare every single detail before ordering anything online. 

Online sites should charge reasonably for delivery charges, or the delivery charges should be minimum to retain customers.  

5. Vague Return & Exchange Policies

Even when the online shopping site says ‘no question asked’ return policy, you can expect some kind of inconvenience if you have to return the product. This makes customers think about the return and exchange policies or if they have to pay additionally for that. 

Buyers think twice before they order any product online. If the product is not adequate or the fitting is not appropriate, how would they return it to the seller? They are worried about how they are going to recover the money they spent on purchasing the product. 

Sellers must keep their return and exchange policies clear and transparent so that the buyers can shop peacefully. 

6. False Commitments & Claims

Adding unnecessary claims on the product will only fool customers. That way, the buyers may buy the product from your website once, but they will avoid making any subsequent purchases doubting the credibility of the website and the seller. 

Online shopping sites can trap customers but cannot retain them for longer. As soon as the customer realizes that they are cheated on receipt of the product, they will not come back to the website. Never forget that word of mouth matters in online shopping.

So, provide correct information and answer all your customer’s questions in the most honest way possible. 

7. Inaccurate Logistic Tracking  

When a customer purchases online, regular updates on timelines are a common expectation. Whether the payment is made on the purchase or they opted for payment on delivery, they are eagerly waiting to receive the product. 

Not getting accurate information leads to the cancellation of the product midway. Many times, customers consider calling the seller to know the status of the product delivery. In that case, it’s the sole responsibility of the seller to share accurate information about the consignment. 

Having an accurate tracking system is the perfect way to keep your customers up-to-date with the logistics and delivery of products. 

8. Unavailability of Multiple Payment Options

Many eCommerce platforms do not offer multiple payment options such as UPI, credit card, or COD options. With online fraud increasing rapidly, customers prefer the COD (Cash on Delivery) payment option to stay safe. 

Non-availability of secure payment options leaves the customer dissatisfied, and they prefer buying from another platform. Since online frauds are on the rise, customers refrain from sharing their credit card or bank account details online. 

Sellers must offer all secure payment options with clarity on discounts, coupons, or various tax structures to improve the buyer’s shopping experience. 

9. Inaccessible Post-Sales Support

Customer service is the key to winning customers and retaining them in your database. When buying online, customers don’t know the seller directly, so they don’t know whom to contact in case they face any trouble with the product they receive. 

When a customer calls, it’s their duty to provide them with the best possible answer or suggestion. The customer service executives contribute a lot in keeping the customers happy and ensuring they keep coming back.

Sellers must ensure that they are within the reach of their valuable customers and that the best post-purchase support is offered to the buyers, regardless of the issue. 

Conclusion

In conclusion, while online shopping has gained immense popularity, there are still areas that need improvement to enhance the overall shopping experience for consumers. Addressing these challenges can lead to increased customer satisfaction and loyalty.

Online sellers can improve the shopping experience by maintaining price consistency, providing complete and updated product information, minimizing wrong shipments and ensuring product quality, avoiding hidden costs and surcharges, implementing clear and customer-friendly return policies, being honest about claims and commitments, offering accurate logistic tracking, providing multiple secure payment options, and delivering accessible post-sales support. These measures contribute to building trust, enhancing customer satisfaction, and fostering long-term relationships with online shoppers.

By addressing these challenges, online sellers can create a shopping environment that instills confidence, trust, and satisfaction in customers, leading to increased customer retention and loyalty.

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

Article originally posted on InfoQ. Visit InfoQ

After adding support for desktop apps and the Web, JetBrains multiplatform declarative UI toolkit now runs on iOS in alpha.

Based on Google Jetpack Compose, recently updated with improved performance and extensions, Compose Multiplatform runs natively on Android and, thanks to Kotlin Multiplatform on Windows, Linux, macOS, and the Web, too. The addition of iOS extends Compose Multiplatform to all major OSes.

The approach followed by Compose Multiplatform is to provide the same API across all supported platforms, replicating Jetpack Compose APIs:

The APIs in Compose Multiplatform are the same ones that have already been tried and tested in Jetpack Compose. That means developers who have experience writing modern Android user interfaces using Jetpack Compose can transfer those skills directly to write a shared user interface with Compose Multiplatform, targeting iOS and beyond.

This includes state management, layout composition, and animations. For a number of features that are strictly OS-dependent, like loading resources, Compose Multiplatform provides its own higher-level abstractions to maximize portability.

On iOS, Compose Multiplatform uses canvas-based rendering, using the Skiko graphics library. Also known as Skia for Kotlin, Skiko is based on Skia, Google’s graphics library used for Chrome, ChromeOS, and Flutter.

This approach means that Compose Multiplatform apps have the same look and feel across all supported platforms, similarly to Flutter apps. Unlike Flutter, though, Compose Multiplatform provides Material and Material 3 widgets out of the box, so Compose Multiplatform apps will just look like plain-vanilla Android apps. While Material is the only widget look-and-feel currently supported on iOS, JetBrains has not yet made a final decision about whether to provide a native widget look-and-feel.

An important aspect of creating cross-platform apps is interoperability with the underlying OS SDK. Compose Multiplatform for iOS provides a two-way interop layer on top of UIKit, with two main classes, UIKitView and ComposeUIViewController. UIKitView enables embedding platform-specific widgets like maps, web views, media players, and camera feeds within a Compose UI. ComposeUIViewController can be used instead to embed Compose screens in UIKit and SwiftUI applications. This can be helpful to gradually convert an existing app into a Compose app.

To start working with Compose Multiplatform for iOS, you will need a machine running recent version of macOS, Xcode, Android Studio, and the Kotlin Multiplatform Mobile plugin. All additional dependencies can be managed through CocoaPods.

The best place to start is one of the project templates provided by JetBrains. Those include a basic iOS/Android app, an image viewer, a chat app, and many more. A number of tutorials are also available to guide you through using the most common UI elements in a Compose Multiplatform app.

Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDB – Get Rating)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $284.91, but opened at $274.10. MongoDB shares last traded at $281.54, with a volume of 344,571 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MDB shares. The Goldman Sachs Group decreased their target price on MongoDB from $325.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday, March 9th. Tigress Financial restated a “buy” rating and issued a $365.00 target price on shares of MongoDB in a research note on Thursday, April 20th. KeyCorp lifted their target price on MongoDB from $229.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Sanford C. Bernstein started coverage on MongoDB in a research note on Friday, February 17th. They issued an “outperform” rating and a $282.00 target price for the company. Finally, Wedbush decreased their target price on MongoDB from $240.00 to $230.00 in a research note on Thursday, March 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and a consensus target price of $257.22.

MongoDB Price Performance

The stock has a fifty day moving average price of $238.04 and a 200-day moving average price of $209.48. The company has a market cap of $19.85 billion, a PE ratio of -56.22 and a beta of 1.06. The company has a debt-to-equity ratio of 1.54, a current ratio of 3.80 and a quick ratio of 3.80.

MongoDB (NASDAQ:MDB – Get Rating) last posted its quarterly earnings results on Wednesday, March 8th. The company reported ($0.98) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.20. MongoDB had a negative net margin of 26.90% and a negative return on equity of 48.38%. The business had revenue of $361.31 million for the quarter, compared to the consensus estimate of $335.84 million. On average, equities analysts expect that MongoDB, Inc. will post -4.04 earnings per share for the current year.

Insider Transactions at MongoDB

In other MongoDB news, CTO Mark Porter sold 2,673 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $250.00, for a total transaction of $668,250.00. Following the transaction, the chief technology officer now directly owns 40,336 shares of the company’s stock, valued at $10,084,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other MongoDB news, CEO Dev Ittycheria sold 49,249 shares of the stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $227.55, for a total transaction of $11,206,609.95. Following the transaction, the chief executive officer now directly owns 222,311 shares of the company’s stock, valued at $50,586,868.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Mark Porter sold 2,673 shares of the stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $250.00, for a total transaction of $668,250.00. Following the transaction, the chief technology officer now directly owns 40,336 shares in the company, valued at $10,084,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,108 shares of company stock valued at $30,127,927. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On MongoDB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James & Associates lifted its stake in shares of MongoDB by 32.0% in the first quarter. Raymond James & Associates now owns 4,922 shares of the company’s stock valued at $2,183,000 after buying an additional 1,192 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of MongoDB by 19.1% in the first quarter. PNC Financial Services Group Inc. now owns 1,282 shares of the company’s stock valued at $569,000 after buying an additional 206 shares during the period. MetLife Investment Management LLC bought a new stake in shares of MongoDB in the first quarter valued at about $1,823,000. Panagora Asset Management Inc. lifted its stake in shares of MongoDB by 9.8% in the first quarter. Panagora Asset Management Inc. now owns 1,977 shares of the company’s stock valued at $877,000 after buying an additional 176 shares during the period. Finally, Vontobel Holding Ltd. lifted its stake in shares of MongoDB by 100.3% in the first quarter. Vontobel Holding Ltd. now owns 2,873 shares of the company’s stock valued at $1,236,000 after buying an additional 1,439 shares during the period. 84.86% of the stock is owned by institutional investors and hedge funds.

MongoDB Company Profile

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MongoDB, Inc engages in the development and provision of a general-purpose database platform. The firm’s products include MongoDB Enterprise Advanced, MongoDB Atlas and Community Server. It also offers professional services including consulting and training. The company was founded by Eliot Horowitz, Dwight A.

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

Article originally posted on InfoQ. Visit InfoQ

During the recent developer week, Cloudflare announced a Worker API to create outbound TCP sockets. The new socket API allows developers to connect back to TCP-based infra directly from a Worker, including databases.

Available as a Runtime API, the connect() function returns a TCP socket that allows developers to read and write data until the connection remains open. Workers could already interact with HTTP endpoints and other Cloudflare services, but the vast majority of databases require clients to connect by opening a direct TCP socket. Brendan Irvine-Broque, product manager at Cloudflare, and Matt Silverlock, director of product at Cloudflare, explain:

With Workers, we aim to support standard APIs that are supported across browsers and non-browser environments wherever possible, (…) but for TCP sockets, we faced a challenge — there was no clear shared standard across runtimes. We’ve tried to incorporate the best elements of existing APIs and proposals, and intend to contribute back to future standards.

Last autumn Cloudflare, together with Vercel and Shopify, started WinterCG, a new community group, focused on the interoperable implementation of standardized web APIs in non-web browser, javaScript-based development environments.

The new API is accessed by importing the connect function from cloudflare:sockets. One of the common use cases is to create a connection to a database, for example:

import { Client } from "pg";

export interface Env {
  DB: string;
}

export default {
  async fetch(
    request: Request,
    env: Env,
    ctx: ExecutionContext
  ): Promise {
    const client = new Client(env.DB);
    await client.connect();
    const result = await client.query({
      text: "SELECT * from customers",
    });
    console.log(JSON.stringify(result.rows));
    const resp = Response.json(result.rows);
    // Close the database connection, but don't block returning the response
    ctx.waitUntil(client.end());
    return resp;
  },
};

Source: https://blog.cloudflare.com/workers-tcp-socket-api-connect-databases/

While pg, the JavaScript database driver for PostgreSQL, is already supported, the MySQL drivers mysql and mysql2 are not supported yet. Irvine-Broque and Matt Silverlock warn:

A new connection is created for every request. This is one of the biggest current challenges of connecting to databases from serverless functions, across all platforms (…) we’re already working on simpler approaches to connection pooling for the most popular databases.

The content delivery network expects to add more features in the future, including support for inbound TCP and UDP connections, as asked by some developers, as well as application protocols based on QUIC.

The connect() API was not the only new feature announced during the Developer Week 2023: Cloudflare introduced Secrets Store, a solution for managing application secrets securely, improvements to D1, Cloudflare’s serverless database, and consumer concurrency for the messaging service Queues. Furthermore, Cloudflare announced database integrations for Neon, PlanetScale, and Supabase on Workers. Karl Horky, founder at UpLeveled, tweets:

No proxy like Neon or other serverless/edge providers, you just connect normally over TCP. This sounds great, potentially way bigger than the other recent edge database announcements.

Each open TCP socket counts towards the maximum number of open connections that can be simultaneously open in Workers and TCP connections cannot be created on port 25 to send email to SMTP mail servers.

Article originally posted on InfoQ. Visit InfoQ

The most recent update, covering the week starting May 22nd, 2023, encompasses the latest progress and declarations in the fields of data science, machine learning, and artificial intelligence. This week, the focus is on prominent figures such Adobe, Microsoft, Opera, and the University of Lausanne.

Adobe Has Introduced a New Feature Called Generative Fill In Photoshop

A new generative AI tool for Adobe Photoshop will enable users to swiftly extend photos and add or delete objects using text prompts. Generative Fill is now available in beta, but Adobe claims that a full version of it for Photoshop will come later this year.

Generative Fill utilizes its analysis of the surrounding elements and textures in an image to intelligently generate new pixels and seamlessly integrate them into the existing composition.

This produces visually pleasing and lifelike results, eliminating the need for manual reconstruction and saving users valuable time and effort. An impressive application of Generative Fill is its capability to remove unwanted elements from images. Users can conveniently select distracting objects in a photo and leverage Generative Fill to create visually coherent replacements.

This feature is especially beneficial to photographers, designers, and content creators as it streamlines the editing process while maintaining the overall integrity of the composition.

Microsoft Is Bringing the Power of AI to Windows 11

At Microsoft’s Build 2023 conference, several exciting announcements were made.

Windows Copilot was introduced, making Windows 11 the first PC platform to provide centralized AI assistance. This AI-powered feature aims to help users easily accomplish tasks and increase productivity.

Additionally, Bing Chat plugins are being extended to Windows, allowing developers to integrate their applications within Windows Copilot. This integration opens up new possibilities for better customer service and enhanced engagement with native Windows apps.

Another significant development is the introduction of a Hybrid AI loop, which supports AI development across platforms. This innovation enables seamless integration from Azure to client devices, with added silicon support from industry leaders such as AMD, Intel, Nvidia, and Qualcomm.

To further support developers, Microsoft is launching Dev Home, a resource designed to enhance their productivity on Windows.

Lastly, Microsoft is bringing new AI features and immersive experiences to the Microsoft Store on Windows, offering users even more value and convenience.

Opera Reveals Aria, the Integrated AI Browser Feature

Opera introduced Aria, their new browser AI, offering users access to a leading generative AI service at no cost. According to Opera, Aria is seamlessly integrated into the browser, revolutionizing the browsing experience.

Built on Opera’s Composer infrastructure, Aria leverages OpenAI’s GPT technology and incorporates additional functionalities, including real-time web results. Aria acts as both a web expert and a browser companion, allowing collaboration with AI while searching for information, generating text or code, or obtaining answers to product-related queries. Opera’s Composer infrastructure is designed for seamless expansion.

Aria can connect with multiple AI models and, in the future, integrate additional capabilities such as search services from various Opera partners.

Swiss Researchers Utilize AI to Reconstruct Spinal Cord

Swiss Researchers used artificial intelligence to help Gert-Jan Oskam, who had been paralyzed from the waist down for more than ten years, regain control over his lower body.

Following a motorcycle accident in 2011, Gert-Jan Oskam has been paralyzed from the waist down. However, there has been a recent breakthrough that has enabled him to regain mobility. Scientists have successfully developed a “digital bridge” that connects Oskam’s brain and spinal cord, effectively bypassing the damaged areas.

Through the use of an AI thought decoder, the researchers were able to capture Oskam’s thoughts and translate them into spinal cord stimulation, thereby restoring voluntary movement. Notably, Oskam has demonstrated signs of neurological recovery, as he is now capable of walking even when the implant is deactivated. This remarkable progress signifies a significant advancement in the field of spinal cord injury rehabilitation.