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Generative AI Service AWS Bedrock Now Generally Available

MMS Founder
MMS Sergio De Simone

Article originally posted on InfoQ. Visit InfoQ

After announcing Bedrock last April in preview, Amazon is now making its fully managed service for generative AI apps generally available.

Along with the GA release, Amazon is also announcing the forthcoming availability of Meta’s Llama 2 13B and 70B parameter models in the next few weeks.

Llama 2 models come with significant improvements over the original Llama models, including being trained on 40% more data and having a longer context length of 4,000 tokens to work with larger documents.

AWS Bedrock includes several foundation models developed at AI21 Labs, Anthropic, Cohere, Stability AI, and Amazon that can be used through an API to create generative AI applications to run on AWS infrastructure.

Amazon Titan Embeddings is a large language model (LLM) that converts text into numerical representations called embeddings to power search, personalization, and Retrieval-Augmented Generation (RAG) use cases.

Retrieval-Augmented Generation is a technique that allows to extend the capability of a model by connecting it to an external knowledge source.

You can explore the capabilities provided by foundation models either using the Amazon Bedrock console, which makes it possible to load example use cases and prompts, or using a playground. Bedrock playgrounds allow you to use a conversational interface to interact with chat, text, and image models and try out different prompt engineering techniques and inference configuration parameters.

Effective prompt engineering is about crafting the perfect query to get the most out of FMs and obtain proper and precise responses. In general, prompts should be simple, straightforward, and avoid ambiguity. You can also provide examples in the prompt or encourage the model to reason through more complex tasks.

AWS Bedrock can use agents to perform specific tasks that connects external data sources to existing APIs, thus enabling the creation of apps that go beyond mere natural language processing. Agents, though, will remain accessible only in preview, along with Amazon Titan Text generation models and Stability AI’s Stable Diffusion XL image generation model.

On a related note, AWS is also extending the capabilities of its CodeWhisperer coding AI by making it possible to leverage a customer’s internal codebase and resources to provide tailored recommendations.

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MongoDB, Inc. (NASDAQ:MDB) CRO Cedric Pech Sells 308 Shares – MarketBeat

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Posted on mongodb google news. Visit mongodb google news

MongoDB, Inc. (NASDAQ:MDBGet Free Report) CRO Cedric Pech sold 308 shares of the business’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $326.27, for a total transaction of $100,491.16. Following the completion of the sale, the executive now directly owns 34,110 shares of the company’s stock, valued at approximately $11,129,069.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cedric Pech also recently made the following trade(s):

  • On Friday, September 29th, Cedric Pech sold 308 shares of MongoDB stock. The stock was sold at an average price of $353.05, for a total value of $108,739.40.
  • On Thursday, September 7th, Cedric Pech sold 16,143 shares of MongoDB stock. The stock was sold at an average price of $378.86, for a total value of $6,115,936.98.
  • On Wednesday, July 5th, Cedric Pech sold 2,738 shares of MongoDB stock. The shares were sold at an average price of $406.18, for a total value of $1,112,120.84.
  • On Monday, July 3rd, Cedric Pech sold 360 shares of MongoDB stock. The stock was sold at an average price of $406.79, for a total value of $146,444.40.

MongoDB Trading Up 0.8 %

NASDAQ:MDB traded up $2.75 on Friday, reaching $345.86. 1,553,182 shares of the stock traded hands, compared to its average volume of 1,652,362. The firm has a market capitalization of $24.68 billion, a price-to-earnings ratio of -99.96 and a beta of 1.11. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00. The company has a current ratio of 4.48, a quick ratio of 4.48 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $372.51 and its 200-day moving average is $324.38.

MongoDB (NASDAQ:MDBGet Free Report) last announced its earnings results on Thursday, August 31st. The company reported ($0.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. The business had revenue of $423.79 million during the quarter, compared to the consensus estimate of $389.93 million. MongoDB had a negative net margin of 16.21% and a negative return on equity of 29.69%. Equities research analysts anticipate that MongoDB, Inc. will post -2.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. abrdn plc increased its holdings in MongoDB by 79.7% in the first quarter. abrdn plc now owns 12,019 shares of the company’s stock worth $2,802,000 after purchasing an additional 5,331 shares in the last quarter. Clarius Group LLC lifted its position in shares of MongoDB by 7.7% during the 1st quarter. Clarius Group LLC now owns 1,362 shares of the company’s stock valued at $318,000 after acquiring an additional 97 shares during the period. Moody Lynn & Lieberson LLC bought a new position in MongoDB during the first quarter worth $7,433,000. Empower Advisory Group LLC acquired a new stake in MongoDB in the first quarter worth $7,302,000. Finally, Daiwa Securities Group Inc. increased its stake in MongoDB by 3.5% in the first quarter. Daiwa Securities Group Inc. now owns 5,461 shares of the company’s stock valued at $1,273,000 after purchasing an additional 186 shares in the last quarter. 88.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Capital One Financial assumed coverage on shares of MongoDB in a report on Monday, June 26th. They issued an “equal weight” rating and a $396.00 target price on the stock. JMP Securities lifted their price objective on shares of MongoDB from $425.00 to $440.00 and gave the company a “market outperform” rating in a research note on Friday, September 1st. Argus raised their target price on MongoDB from $435.00 to $484.00 and gave the company a “buy” rating in a report on Tuesday, September 5th. William Blair reissued an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Finally, Truist Financial raised their price objective on MongoDB from $420.00 to $430.00 and gave the company a “buy” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MongoDB presently has a consensus rating of “Moderate Buy” and an average price target of $418.08.

Read Our Latest Report on MongoDB

About MongoDB

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MongoDB, Inc provides general purpose database platform worldwide. The company offers MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB.

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Insider Buying and Selling by Quarter for MongoDB (NASDAQ:MDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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CRI-O Graduates from CNCF, Sees Increased Adoption in Cloud Native Environments

MMS Founder
MMS Aditya Kulkarni

Article originally posted on InfoQ. Visit InfoQ

The Cloud Native Computing Foundation announced the graduation of the CRI-O project which provides a secure, performant, and stable Container Runtime Interface (CRI) implementation for kubelet in Kubernetes production environments. The project has been adopted by seven new organizations, released 11 new minor versions, and had more than 4,000 commits to the main branch.

New features from these releases include dropping the pause container, Seccomp notify, and Sigstore signature validation, amongst others. CRI-O is well integrated with the cloud native ecosystem and uses gRPC protocol with CNI to provision networking resources. Looking forward, CRI-O has plans to improve upstream documentation, automate the release process, and increase pod density on nodes moving parts to Rust language.

According to the CNCF Cloud Native Survey, Kubernetes saw a 51% year-over-year growth in production usage due to its increased popularity. Cloud Native Survey found that Kubernetes usage is maturing and saw a rise in production usage for runtime containers such as CRI-O.

CRI-O originated within the Kubernetes incubator back in 2016, with its inception by Red Hat. By April 2019, it had earned acceptance into the Cloud Native Computing Foundation (CNCF). To transition from its incubation phase to official graduation, CRI-O undertook several important steps. These included enhancing its governance structure, instituting a Code of Conduct, establishing a security list, undergoing a security audit conducted by Ada Logics in coordination with CNCF and OSTIF, garnering a diverse user base and conducting user interviews, investing in comprehensive documentation, and actively fostering new contributors.

Chris Aniszczyk, CTO at CNCF said,

CRI-O has remained focused on creating a simple and lightweight container runtime optimized for Kubernetes only in large-scale production environments. At the end of the day, it’s great to have options and competition in the container runtime space. We look forward to seeing even more achievements and growth from the project team as a graduated project.

Sascha Grunert, CRI-O maintainer and Senior Software Engineer at Red Hat mentioned,

CRI-O is the first open source project I started contributing continuously as part of my professional career, and I’m proud to be part of this wonderful inclusive community. The exciting part of CRI-O is that everyone welcomes change and is willing to try experimental features, driving true innovation. CNCF provides great support for projects to grow, like providing dedicated mailing lists or test environments, and I look forward to continuing to grow with the community.

As a side, the maintainers of CRI-O will be hosting a session at KubeCon + CloudNative North America 2023. During this session, they will delve into topics such as the latest architecture, the journey of achieving graduation, and the technical intricacies behind recent enhancements like the verification of sigstore signatures.

Interested readers can learn more about the project at GitHub. Recently, CRI-O released v1.28.0. Readers can also engage with the community on their #crio channel in the Kubernetes workspace.

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Insider Sell: Cedric Pech Sells 616 Shares of MongoDB Inc – GuruFocus

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Posted on mongodb google news. Visit mongodb google news

On September 29, 2023, Cedric Pech, the Chief Revenue Officer of MongoDB Inc (

MDB, Financial), sold 616 shares of the company. This latest transaction follows a series of sales by the insider over the past year, bringing the total number of shares sold to 51,727.

MongoDB Inc is a US-based general-purpose database platform. The company provides database platform to run applications at scale across on-premise, hybrid, and cloud-based environments. It also provides professional services including consulting and training. The company’s platform addresses the performance, scalability, flexibility, and reliability demands of modern applications while maintaining the core capabilities of legacy databases.

The insider’s recent sell-off raises questions about the company’s current valuation and future prospects. To understand the implications of this insider activity, it’s essential to analyze the relationship between insider buy/sell transactions and the stock price.

1708149730422292480.png

The insider transaction history for MongoDB Inc shows a clear trend of insider selling over the past year. There have been 54 insider sells and 0 insider buys. This could indicate that insiders believe the stock is currently overvalued, prompting them to sell their shares.

On the day of the insider’s recent sell, shares of MongoDB Inc were trading at $339.66, giving the company a market cap of $24.68 billion.

However, according to the GuruFocus Value, the stock is significantly undervalued. The GF Value of MongoDB Inc is $573.67, resulting in a price-to-GF-Value ratio of 0.59.

1708149748147421184.png

The GF Value is an intrinsic value estimate developed by GuruFocus. It is calculated based on historical multiples that the stock has traded at, a GuruFocus adjustment factor based on the company’s past returns and growth, and future estimates of business performance from Morningstar analysts.

Despite the insider’s recent sell-off, the GF Value suggests that MongoDB Inc’s stock is significantly undervalued. This discrepancy between the insider’s actions and the GF Value could be due to a variety of factors. The insider might have personal financial needs that necessitate the sell-off, or they might have a different perspective on the company’s future prospects.

In conclusion, while the insider’s recent sell-off might raise some concerns, the GF Value suggests that MongoDB Inc’s stock is significantly undervalued. Investors should consider both these factors and conduct further research before making investment decisions.

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

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Want to Get Richer? 2 Growth Stocks to Buy Before They Skyrocket | The Motley Fool

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Posted on mongodb google news. Visit mongodb google news

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Dev News: Deno’s New Queues, AI Plays at Cloudflare, MongoDB – The New Stack

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Posted on mongodb google news. Visit mongodb google news

<meta name="x-tns-categories" content="AI / Frontend Development / JavaScript / Software Development“><meta name="x-tns-authors" content="“>

Dev News: Deno’s New Queues, AI Plays at Cloudflare, MongoDB – The New Stack

Which agile methodology should junior developers learn?

Agile methodology breaks projects into sprints, emphasizing continuous collaboration and improvement.

Scrum

0%

Kanban

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Scrumban (a combination of Scrum and Kanban)

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Extreme Programming (XP)

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Other methodology

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Bah, Waterfall was good enough for my elders, it is good enough for me

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Junior devs shouldn’t think about development methodologies.

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2023-09-30 04:00:05

Dev News: Deno’s New Queues, AI Plays at Cloudflare, MongoDB

Deno introduced Queues to support offloading parts of an application or scheduling future work, plus AI plays by Cloudflare and MongoDB.


Sep 30th, 2023 4:00am by


Featued image for: Dev News: Deno’s New Queues, AI Plays at Cloudflare, MongoDB

Photo by Cátia Matos via Pexels.

JavaScript runtime Deno launched a new tool this week called Deno Queues to support offloading parts of an application or scheduling future work to run asynchronously.

Queues is designed to guarantee at least one delivery, a Deno post stated. It’s built on Deno KV, a global database that’s currently in open beta. Queues leverages two new APIs that have zero configuration or infrastructure to maintain. The APIs are:

  • .enqueue ( ): Pushes new messages into the queue for delivery immediately or in the future; and
  • .listenQueu ( ): A handler used for processing new messages from the queue.

Queues uses SQLite when running locally but FoundationDB when running on Deno Deploy.

“You can also combine Queues with KV atomic transactions primitives, which can unlock powerful workflows,” the post stated. “You can also update Deno KV state from your listenQueue handler.”

Queues can be useful when scaling applications because it allows the servers to offload async process and schedule future work. The post discusses three use case examples:

  • Scheduled email notifications
  • Reliable webhook processing
  • Slack reminder bot

Cloudflare Launches Three New AI Solutions

On Wednesday, content delivery network Cloudflare unveiled three new AI products, including Workers AI, an AI inference as a service platform that will allow developers to run well-known AI models on Cloudflare’s global network of GPUs.

AI inference is the process of using a trained model to make predictions on new models. AI inference has a wide range of applications, including natural language processing, image recognition and fraud detection.

Workers AI works seamlessly with Workers + Pages but is platform-agnostic. It’s available via a REST API.

“Through significant partnerships, Cloudflare will now provide access to GPUs running on Cloudflare’s hyper-distributed edge network to ensure AI inference can happen close to users for a low latency end-user experience,” the company stated in a press release. “When combined with our Data Localization Suite to help control where data is inspected, Workers AI will also help customers anticipate potential compliance and regulatory requirements that are likely to arise as governments create policies around AI use.”

It includes a model catalog to help developers jump-start their AI app with use cases such as LLM, speech-to-text, image classification and sentiment analysis.

The company also launched:

  • Vectorize, a vector database that allows developers to build full-stack AI applications on Cloudflare; and
  • AI Gateway, which provides observability features to understand AI traffic and help developers manage costs with caching and rate limiting.

MongoDB Rolls out AI to Improve Developer Experience

MongoDB is leveraging generative AI to offer new capabilities it says will improve developer productivity and accelerate application modernization.

“By automating repetitive tasks, AI-powered tools and features can help developers save significant time and effort and deliver higher-quality applications faster,” Sahir Azam, chief product officer at MongoDB, said in a prepared statement.

MongoDB announced new capabilities and data streaming integration for its Atlas Vector Search that promised to make it faster and easier for developers to build their own generative AI applications. The search simplifies aggregating and filtering data and improving semantic information retrieval. It also purports to reduce hallucinations in AI-powered applications.

The company said that new performance improvements can reduce the time to build indexes by up to 85%, which of course would speed up application development time. MongoDB Atlas Vector Search is integrated with fully managed data streams from Confluent Cloud to make it easier to use real-time data from a variety of sources to drive AI applications.

As part of the Connect with Confluent partner program, developers can also use Confluent Cloud data streams within MongoDB Atlas Vector Search to provide generative AI applications with accurate information that reflects current conditions, in real-time, from a variety of sources across the business. Configured with a fully managed connector for MongoDB Atlas, developers can make applications more responsive to changing conditions and provide end-user results with greater accuracy.

Four MongoDB products are also offering new AI-powered features:

  • MongoDB Compass will now generate queries and aggregations from natural language to speed and simplify building data-driven applications;
  • MongoDB Atlas Charts can now create data visualizations from natural language to speed up dashboard creation and business intelligence;
  • MongoDB Documentation has incorporated a new AI chatbot to provide answers to technical questions and help troubleshoot applications; and, finally,
  • MongoDB Relational Migrator can convert SQL to MongoDB Query API syntax by using AI to help automate migrations from relational databases.

In other news, MongoDB officially launched its command-line interface built specifically for MongoDB Atlas called, descriptive enough, Atlas CLI. It allows developers to interact with their Atlas database deployments and Atlas Search and Vector Search from the terminal with intuitive commands. The tool can be used to set up, connect to and automate common management tasks.

“Developers can now use the Atlas CLI to connect to local development environments to develop, prototype, and test with Atlas, and then deploy their locally built applications to the cloud quickly and efficiently,” the press release explained. “This eliminates the need to set up a cloud environment to quickly prototype and test applications on laptops or other self-managed hardware.”

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TNS owner Insight Partners is an investor in: Deno.

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Azure API Center Now in Public Preview

MMS Founder
MMS Steef-Jan Wiggers

Article originally posted on InfoQ. Visit InfoQ

Microsoft recently announced the public preview of Azure API Center – a part of the Azure API Management platform that serves as a central hub where users can keep track of all their APIs company-wide, making them readily discoverable, reusable, and manageable.

The company states that Azure API Center is an ungated public preview for everyone to try as a follow-up of a private preview earlier this year. The service is now available in the Azure Portal, and users can:

Massimo Crippa, a lead architect at Codit, wrote in a blog post on Azure API Center:

In the current version of API Center (preview), we can mainly interact with three objects: APIs (along with their versions), Deployments (at which development stage your APIs are), and Environments (where the APIs are hosted).

In addition, the documentation of Azure API Center describes the relationships of the three objects:

  1. Each API can have multiple versions and multiple real-world deployments
  2. Each API version can have multiple API definitions
  3. Each API deployment is associated with a specific environment and a specific API definition file

Main entities in API Center and how they relate to each other (Source: Microsoft Learn Azure API Center – Data Model)

In response to the preview of Azure API Center, Christophe Gigax, a Cloud architect, asked on X, formerly known as Twitter, in a tweet:

Still don’t understand how is it different from the actual APIM API management section from the portal?

With Daneel3001 responding:

APIM Portal is for platform team, API Center is for (internal) API producers/consumers. API Portal is when you have time to build one that can be either for internal and/or external API consumers.

According to FAQs, API Center is a stand-alone Azure service complementary to Azure API Management and API management services from other providers. In addition, there is a REST API for performing operations on selected entities.

Azure API Center is available in Australia East, Central India, East US, UK South, and West Europe Azure regions. Furthermore, details of the service are available on the documentation landing page.

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CoreWCF 1.4.0 Released: RabbitMQ and Apache Kafka Support Added

MMS Founder
MMS Almir Vuk

Article originally posted on InfoQ. Visit InfoQ

This month, there have been several significant releases in the CoreWCF ecosystem. Version 1.4.0 was released, featuring new transport options such as RabbitMQ (AMQP) and Apache Kafka. While these additions were well-received, it’s worth mentioning that the transports MSMQ (Microsoft Message Queuing) and NetNamedPipe remain in the preview stage, indicating ongoing development efforts for these additions in the future.

To address package dependency version, a quick follow-up was made with the release of v1.4.1. As reported, this patch release did not introduce any code changes, focusing solely on updating dependencies. The detailed release notes about these dependency changes are available for readers on the official GitHub repository page.

In the latest CoreWCF release, it remains compatible with .NET Standard 2.0, supporting .NET Framework versions 4.6.2 and higher, alongside .NET 6 and 7. This compatibility extends to ASP.NET Core, tested across versions up to 7.0 as reported. Also, regarding the new features, they include CoreWCF.Queue package which comes out of preview and delivers a base set of classes for Queue-based transports. Furthermore, contributions from the community bring integration of CoreWCF with the Apache Kafka distributed event streaming platform

Likewise, this release also introduces new features and APIs, such as making WindowsClaimSet and ServiceCredentialsSecurityTokenManager public. Additionally, CoreWCF now provides an API to enable AuthorizationPolicy support with explicit HTTP client credential types, enhancing customization and security. This release also addresses several bug fixes, enhancing stability and security, a complete list of bug fixes is available on the release post of the 1.4.0 version.

Additionally, CoreWCF revealed v1.5.0-preview1, which brings a couple of bug fixes for NetNamedPipe support and introduces support for Unix domain sockets through the CoreWCF.UnixDomainSocket package. It’s important to note that this version remains in preview status, as official client packages from the dotnet/wcf project have not yet been released. However, as reported there are unofficial client packages which can be accessed from a temporary Nuget feed, with full details about this can be found in the official blog post.

In addition to the first release announcement, last week the X (formerly Twitter) post from Matt Connew. The post revealed some exciting news the CoreWCF project has reached a significant milestone of 1 million package downloads. 

Matt Connew wrote the following:

CoreWCF just hit a big milestone, 1 million package downloads!! Thanks to everyone in the community who has contributed over the years and helped make the project what it is.

Lastly, the CoreWCF project opens an invitation to the companies which are using its services in production. Matt Connew wrote the following on the GitHub release post:

We would like to invite any companies who are using CoreWCF in production to have their name listed as a user of CoreWCF in the main README.MD of the CoreWCF repo. We would like to include a link to your company website along with your company name or logo. Please send an email to contact@corewcf.net from an email address from the same domain as the url you wish to have linked with details of how you would like the link to appear.

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Azure Database Drops Support for MariaDB

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MMS Renato Losio

Article originally posted on InfoQ. Visit InfoQ

Microsoft recently announced that Azure Database will drop support for MariaDB. Over the coming months, users will no longer be able to create new MariaDB databases through the console or CLI, with a scheduled sunset for existing instances in 2025.

To ensure continued support, the cloud provider recommends migrating Azure Database for MariaDB workloads to Azure Database for MySQL Flexible Server. In the article “What’s happening to Azure Database for MariaDB?”, Karla Escobar, program manager at Microsoft, and Mark Ghanayem, senior content developer at Microsoft, write:

We’re investing in our flagship offering of Azure Database for MySQL – Flexible Server better suited for mission-critical workloads. Azure Database for MySQL – Flexible Server has better features, performance, an improved architecture, and more controls to manage costs across all service tiers compared to Azure Database for MariaDB.

Launched in 2017 as an “enterprise-ready, fully managed community MariaDB”. MariaDB joined PostgreSQL and MySQL as a managed SQL database on the Azure platform. But MariaDB 10.3, the latest supported version, reached EOL last May. In replying to a user worried about the lack of an upgrade option, the Azure support team acknowledged last April:

We plan to support v10.3 on MariaDB till September 2025. We do not plan to release any new MariaDB versions. Customers would be able to create new v10.3 MariaDB servers until further notice.

Escobar and Ghanayem explain why the MySQL flexible server offer is a better choice:

Azure Database for MySQL – Flexible server zone-redundant deployment provides 99.99% availability with zonal-level resiliency, whereas MariaDB provides resiliency in a single availability zone. Flexible Server’s High Availability (HA) architecture deploys a warm standby with redundant compute and storage (with each site’s data stored in 3x copies) as compared to MariaDB’s HA architecture, which doesn’t have a passive hot standby to help recover from zonal failures.

Azure is not the only cloud provider offering a managed service for MariaDB workloads: AWS RDS recently announced support for MariaDB 10.11, the latest long-term supported major version from the MariaDB community. Last year AWS added support for the MyRocks storage engine, IAM integration, delayed replication, and multi-major upgrades. MariaDB Corporation provides instead SkySQL, a cloud database service on Google Cloud targeting enterprise workloads.

Azure plans to drop support for creating new MariaDB instances from the Azure portal on December 19th and from the CLI on March 19th. Existing databases are scheduled for retirement by September 19, 2025. An article on the Azure Database for MySQL Blog explains how to migrate to Azure Database for MySQL.

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Is MongoDB Inc (NASDAQ:MDB) a Hidden Gem in the Software Industry?

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Posted on mongodb google news. Visit mongodb google news

Is MongoDB Inc (NASDAQ:MDB) a Hidden Gem in the Software Industry?

MongoDB Inc (NASDAQ:MDB) is a document-oriented database company founded in 2007. It boasts nearly 33,000 paying customers and over 1.5 million free users. MongoDB’s NoSQL database is compatible with all major programming languages and can be deployed for various use cases.

Currently, MongoDB’s stock price is $357.21, with a market cap of $25.50 billion. However, a comprehensive analysis suggests that the stock may be significantly undervalued. The company’s fair value, estimated by GF Value, is $573.48.

GF Value is a proprietary measure that determines the intrinsic value of a stock. Based on historical multiples, past returns and growth, and future business performance estimates, it helps assess whether a stock is overvalued or undervalued. In the case of MongoDB, it appears to be undervalued, indicating a potentially higher future return.

When evaluating an investment, it is crucial to consider the financial strength of the company. MongoDB has a cash-to-debt ratio of 1.6, ranking worse than 57.99% of companies in the software industry. Its overall financial strength is rated as fair, with a score of 5 out of 10.

Profitability is another factor to examine. MongoDB has not been consistently profitable over the past 10 years, reporting a loss per share of $3.46. Its operating margin of -18.39% is worse than 72.78% of companies in the software industry. The overall profitability score is 3 out of 10, indicating poor profitability.

However, MongoDB has shown impressive revenue growth with a 3-year average annual growth rate of 35.4%, outperforming the majority of companies in the software industry. The 3-year average EBITDA growth rate, however, is -21%.

Comparing MongoDB’s return on invested capital (ROIC) to its weighted average cost of capital (WACC) reveals that it has been generating negative ROIC of -35.46% compared to a WACC of 11.84%.

In conclusion, MongoDB’s stock is potentially undervalued. While its financial condition is fair, its profitability and growth are subpar. Investors should consider these factors before making any investment decisions.

Source: GuruFocus

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