Month: September 2023

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Amazon DocumentDB (with MongoDB compatibility) supports in-place major version upgrade.

Amazon DocumentDB (with MongoDB compatibility) now supports an in-place major version upgrade (MVU) from Amazon DocumentDB versions 3.6 and 4.0 to version 5.0. Instead of backing up and restoring the database to the new version or relying on database migration tools, you can perform an in-place major version upgrade with a few clicks using the AWS console, the latest AWS Software Development Kit (SDK), or Command Line Interface (CLI). With in-place MVU, no new clusters are created in the process and you can continue using the existing cluster endpoints for your applications.

Amazon DocumentDB 5.0 offers compatibility with MongoDB 5.0 API and several enhancements over earlier Amazon DocumentDB versions including support for document compression, faster indexing with index build status, client-side Field Level Encryption (FLE), index scans with $elemMatch operator, and new aggregate operators. Visit Amazon DocumentDB 5.0 documentation for a full list of features.

To perform an in-place major version upgrade for Amazon DocumentDB 5.0, select the ‘Modify’ option on the AWS Management Console that corresponds with the cluster you want to upgrade, choose version 5.0 and the required parameter group, and proceed with your upgrade. You can choose to apply the upgrade immediately or during your next maintenance window. Your Amazon DocumentDB cluster will be unavailable during the upgrade. Please review in-place MVU documentation to learn more.

In-place MVU is available in all AWS Regions where Amazon DocumentDB 5.0 is available, except in AWS GovCloud (US) region. There are no additional costs to upgrade.

(C) 2023 Electronic News Publishing, source ENP Newswire

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

Posted on mongodb google news. Visit mongodb google news

DNB Asset Management AS grew its holdings in shares of MongoDB, Inc. (NASDAQ:MDB – Free Report) by 5.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,680 shares of the company’s stock after purchasing an additional 522 shares during the period. DNB Asset Management AS’s holdings in MongoDB were worth $4,389,000 as of its most recent SEC filing.

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

MongoDB Stock Up 0.6 %

Shares of MDB stock opened at $335.76 on Monday. The stock has a market cap of $23.95 billion, a P/E ratio of -97.04 and a beta of 1.11. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $439.00. The company has a quick ratio of 4.48, a current ratio of 4.48 and a debt-to-equity ratio of 1.29. The company’s fifty day simple moving average is $380.77 and its two-hundred day simple moving average is $321.41.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of MongoDB from $390.00 to $430.00 in a research report on Friday, June 23rd. Morgan Stanley raised their price target on shares of MongoDB from $440.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, September 1st. Capital One Financial began coverage on shares of MongoDB in a research report on Monday, June 26th. They set an “equal weight” rating and a $396.00 price target for the company. Oppenheimer lifted their target price on shares of MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Finally, UBS Group lifted their target price on shares of MongoDB from $425.00 to $465.00 and gave the stock a “buy” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, MongoDB presently has an average rating of “Moderate Buy” and an average target price of $418.08.

Read Our Latest Stock Analysis on MongoDB

Insiders Place Their Bets

In other MongoDB news, CRO Cedric Pech sold 360 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $406.79, for a total value of $146,444.40. Following the sale, the executive now owns 37,156 shares in the company, valued at approximately $15,114,689.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CRO Cedric Pech sold 360 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $406.79, for a total transaction of $146,444.40. Following the sale, the executive now directly owns 37,156 shares in the company, valued at approximately $15,114,689.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hope F. Cochran sold 2,174 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $361.31, for a total transaction of $785,487.94. Following the sale, the director now owns 9,722 shares in the company, valued at $3,512,655.82. The disclosure for this sale can be found here. Insiders have sold a total of 104,694 shares of company stock worth $41,820,161 in the last 90 days. 4.80% of the stock is currently owned by corporate insiders.

MongoDB Profile

(Free Report)

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.

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 – Free Report).

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

Posted on mongodb google news. Visit mongodb google news

MongoDB‘s (MDB 0.64%) stock has rallied nearly 70% so far this year as the software company impressed investors with its robust growth in a tough macro environment. But even after that run, it remains about 40% below its all-time high set in November 2021.

Should investors still buy MongoDB today, or will it run out of steam again before it revisits its record highs? Let’s review its business model, growth rates, and valuation to decide.

Image source: Getty Images.

What does MongoDB do?

MongoDB’s namesake product is a database management system that allows organizations to store large amounts of unstructured data more efficiently. Doing so makes it easier for a company to scale up its operations.

MongoDB serves a wide range of small to medium-sized businesses, as well as large enterprise customers across the tech, finance, retail, and healthcare sectors. Its cloud-based service, MongoDB Atlas, locks in those customers with sticky subscriptions. It can be easily integrated into leading cloud infrastructure platforms like Amazon  Web Services (AWS), Microsoft Azure, and Alphabet‘s Google Cloud Platform (GCP) — but all three of those platforms also provide their own competing first-party database services.

MongoDB generated 96% of its revenue from subscriptions in the first half of fiscal 2024 (which started this February), while its services provided the remaining 4%. MongoDB Atlas accounted for 63% of its top line in the second quarter.

How fast is MongoDB growing?

MongoDB went public in October 2017. Between fiscal 2018 and fiscal 2023, its revenue increased at a compound annual growth rate (CAGR) of 53%, its adjusted gross margin expanded from 73% to 75%, and its adjusted operating margin improved from negative 49% to positive 5%.

Like many other software companies, MongoDB experienced a slowdown over the past year as macro headwinds drove many companies to scrutinize their spending. Yet its adjusted gross and operating margins continued to expand, and its revenue growth actually accelerated again in the second quarter of fiscal 2024.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024
Revenue growth (YOY)	53%	47%	36%	29%	40%
Adjusted gross margin	73%	74%	78%	76%	78%
Adjusted operating margin	(4%)	6%	10%	(12%)	19%

Data source: MongoDB. YOY = year over year.

It attributed that acceleration to higher-than-expected consumption rates on MongoDB Atlas, which offset its slower growth in non-Atlas revenue. Its gross margin was boosted by a temporary influx of higher-margin licensing revenue, while its improving economies of scale, slower hiring, and other cost-cutting measures boosted its operating margin.

Does MongoDB’s stock still have room to run?

For the full year, MongoDB expects its revenue to rise 24%-25%, which would represent a significant slowdown from its 47% growth in fiscal 2023. However, it sees its adjusted operating margin more than doubling to a midpoint of positive 12%, and it projects adjusted earnings per share (EPS) will surge 180%-190%.

Looking further ahead, MongoDB expects the ongoing expansion of Atlas into the automotive and manufacturing industries to drive its long-term growth. It also believes the burgeoning artificial intelligence (AI) market will generate tailwinds for its business as its clients accumulate more data for AI services.

But MongoDB still isn’t profitable on a generally accepted accounting principles (GAAP) basis, mainly due to the stock-based compensation expenses that consumed 27% of its revenue in the first half of fiscal 2024. It also has a high debt-to-equity ratio of 2.0. That red ink and high leverage could limit its near-term gains as long as interest rates stay high.

Finally, MongoDB’s stock isn’t cheap at 185 times forward earnings and 15 times this year’s sales. By comparison, the cloud-based customer relationship management (CRM) and marketing software provider HubSpot — which is expected to generate 23% revenue growth and 90% earnings growth this year — trades at 75 times forward earnings and 11 times this year’s sales.

Is it too late to buy MongoDB’s stock?

MongoDB was undervalued relative to its growth at the beginning of the year, but I believe it’s now fairly valued. It’s not too late to buy MongoDB’s stock as a long-term investment, but I’d only nibble at these frothy levels.

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

Posted on mongodb google news. Visit mongodb google news

DNB Asset Management AS grew its position in MongoDB, Inc. (NASDAQ:MDB – Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 10,680 shares of the company’s stock after purchasing an additional 522 shares during the period. DNB Asset Management AS’s holdings in MongoDB were worth $4,389,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Moody National Bank Trust Division raised its holdings in MongoDB by 2.9% in the second quarter. Moody National Bank Trust Division now owns 1,346 shares of the company’s stock worth $553,000 after purchasing an additional 38 shares during the period. Nordea Investment Management AB raised its holdings in shares of MongoDB by 4.9% during the second quarter. Nordea Investment Management AB now owns 4,377 shares of the company’s stock worth $1,815,000 after acquiring an additional 203 shares during the period. Fulton Bank N.A. raised its holdings in shares of MongoDB by 7.8% during the second quarter. Fulton Bank N.A. now owns 1,183 shares of the company’s stock worth $486,000 after acquiring an additional 86 shares during the period. Empower Advisory Group LLC acquired a new stake in shares of MongoDB during the first quarter worth $7,302,000. Finally, Toroso Investments LLC raised its holdings in shares of MongoDB by 5.4% during the first quarter. Toroso Investments LLC now owns 2,827 shares of the company’s stock worth $659,000 after acquiring an additional 144 shares during the period. 88.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barclays raised their price objective on shares of MongoDB from $421.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. William Blair restated an “outperform” rating on shares of MongoDB in a report on Friday, June 2nd. Tigress Financial lifted their price target on shares of MongoDB from $365.00 to $490.00 in a research note on Wednesday, June 28th. Canaccord Genuity Group lifted their price target on shares of MongoDB from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Finally, Sanford C. Bernstein lifted their price target on shares of MongoDB from $424.00 to $471.00 in a research note on Sunday, September 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $418.08.

Read Our Latest Research Report on MDB

Insider Buying and Selling at MongoDB

In other MongoDB news, CEO Dev Ittycheria sold 50,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $407.07, for a total value of $20,353,500.00. Following the completion of the sale, the chief executive officer now owns 218,085 shares of the company’s stock, valued at approximately $88,775,860.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Hope F. Cochran sold 2,174 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $361.31, for a total value of $785,487.94. Following the completion of the transaction, the director now directly owns 9,722 shares in the company, valued at approximately $3,512,655.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dev Ittycheria sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $407.07, for a total transaction of $20,353,500.00. Following the transaction, the chief executive officer now owns 218,085 shares of the company’s stock, valued at $88,775,860.95. The disclosure for this sale can be found here. Insiders sold 104,694 shares of company stock valued at $41,820,161 in the last quarter. Company insiders own 4.80% of the company’s stock.

MongoDB Stock Performance

Shares of MDB stock opened at $335.76 on Monday. The company has a market capitalization of $23.95 billion, a price-to-earnings ratio of -97.04 and a beta of 1.11. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.48 and a current ratio of 4.48. The company has a 50-day simple moving average of $380.77 and a 200 day simple moving average of $321.41. MongoDB, Inc. has a 52 week low of $135.15 and a 52 week high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last announced its earnings results on Thursday, August 31st. The company reported ($0.63) EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts predict that MongoDB, Inc. will post -2.17 earnings per share for the current year.

MongoDB Company Profile

(Free Report)

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.

See Also

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 – Free Report).

Receive News & Ratings for MongoDB Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for MongoDB and related companies with MarketBeat.com’s FREE daily email newsletter.

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

Article originally posted on InfoQ. Visit InfoQ

AtomicJar has introduced the freely available Testcontainers Desktop, a new application that supports Testcontainers, an open source framework which allows the use of real dependencies in unit tests. Testcontainers Desktop supports several features that aren’t available in the Testcontainers framework and offers better support for investigations and debugging with fixed ports for containers and the option to freeze and reuse containers. Lastly the application supports switching easily between container runtimes.

In November 2021, AtomicJar launched a new product, Testcontainers Cloud, in public beta which allowe teams to run containers on a range of different environments and configurations. It required a desktop application, which resulted in Testcontainers Cloud Desktop. Now the TestContainers Cloud Desktop tool is donated to the community as the free Testcontainers Desktop application.

Testcontainers Desktop allows setting fixed ports instead of the default random ports used by Testcontainers. Containers with fixed ports are easier when debugging from, for example, IntelliJ. Freeze containers prevents the shutdown of a container and makes the test run forever. This makes it easier to investigate and debug. The freeze button may be unchecked after the analyses, to resume the test execution and default cleanup logic of Testcontainers. The application also allows switching the container runtime and supports solutions such as OrbStack, Colima, Rancher Desktop and Podman.

The Testcontainers framework makes it possible to write tests with JUnit that use databases, message brokers and any other service in a Docker container.

First the testcontainers BOM should be configured in the pom.xml:

  
    
      org.testcontainers
      testcontainers-bom
      1.19.0
      pom
      import
    
  

After that, the dependencies may be used without specifying the version, for example for MySQL:

    org.testcontainers
    mysql
    test

Alternatively, Gradle may be used to manage the dependencies:

implementation platform('org.testcontainers:testcontainers-bom:1.19.0') testImplementation('org.testcontainers:mysql')

Now the Docker container may be injected into JUnit tests. For example by injecting the MySQL container with the defaults value test for the database, username and password:

@Container
private static final MySQLContainer mySQLContainer = new MySQLContainer("mysql:8.1.0");

Alternatively, the default values may be overwritten with custom values:

@Container
private static final MySQLContainer mySQLContainer = new MySQLContainer("mysql:8.1.0")
    .withDatabaseName("myDatabase")
    .withUsername("myUsername")
    .withPassword("myPassword");

Testcontainers provide various modules which facilitate the integration of those Docker containers. Alternatively, any Docker container may be used by using the GenericContainer class:

@Container
private static final GenericContainer myContainer = new GenericContainer("redis:7.2.1")	     
    .withExposedPorts(42);

Finally, the container may be used inside the unit test to create a connection to the service and execute the unit test logic.

The documentation provides more information about Testcontainers for Java.

AtomicJar released a short demo video introducing Testcontainers Desktop. Testcontainers Desktop binaries are available for installation on Mac, Windows and Linux operating systems.

The Simple local development with Testcontainers Desktop guide provides more information. Next to that, Oleg Selajev, lead developer advocate at AtomicJar and Sergei Egorov, co-founder and CEO at AtomicJar, discussed and demonstrated Testcontainers Desktop on YouTube.

Posted on mongodb google news. Visit mongodb google news

Cornerstone Wealth Management LLC bought a new stake in MongoDB, Inc. (NASDAQ:MDB – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 706 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds also recently modified their holdings of MDB. Bessemer Group Inc. bought a new position in MongoDB during the 4th quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in MongoDB during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC boosted its stake in MongoDB by 346.7% during the 1st quarter. Global Retirement Partners LLC now owns 134 shares of the company’s stock worth $30,000 after acquiring an additional 104 shares during the last quarter. Manchester Capital Management LLC bought a new position in MongoDB during the 1st quarter worth approximately $36,000. Finally, Clearstead Advisors LLC bought a new position in MongoDB during the 1st quarter worth approximately $36,000. Institutional investors own 88.89% of the company’s stock.

Insiders Place Their Bets

In other MongoDB news, Director Dwight A. Merriman sold 4,000 shares of MongoDB stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $407.11, for a total transaction of $1,628,440.00. Following the completion of the transaction, the director now directly owns 1,214,765 shares of the company’s stock, valued at $494,542,979.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Dwight A. Merriman sold 4,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $407.11, for a total value of $1,628,440.00. Following the completion of the sale, the director now owns 1,214,765 shares of the company’s stock, valued at $494,542,979.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Dwight A. Merriman sold 1,000 shares of the business’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $420.00, for a total transaction of $420,000.00. Following the completion of the sale, the director now directly owns 1,213,159 shares of the company’s stock, valued at approximately $509,526,780. The disclosure for this sale can be found here. Insiders sold a total of 104,694 shares of company stock valued at $41,820,161 over the last ninety days. 4.80% of the stock is currently owned by company insiders.

MongoDB Price Performance

Shares of MDB opened at $335.76 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 4.48 and a current ratio of 4.48. The company’s fifty day simple moving average is $380.77 and its 200 day simple moving average is $321.41. MongoDB, Inc. has a 1-year low of $135.15 and a 1-year high of $439.00.

MongoDB (NASDAQ:MDB – Get Free Report) last released its quarterly earnings data on Thursday, August 31st. The company reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.07. MongoDB had a negative net margin of 16.21% and a negative return on equity of 29.69%. The firm had revenue of $423.79 million during the quarter, compared to analysts’ expectations of $389.93 million. As a group, analysts expect that MongoDB, Inc. will post -2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDB has been the topic of several research analyst reports. Capital One Financial initiated coverage on shares of MongoDB in a report on Monday, June 26th. They set an “equal weight” rating and a $396.00 target price on the stock. Oppenheimer raised their target price on shares of MongoDB from $430.00 to $480.00 and gave the stock an “outperform” rating in a report on Friday, September 1st. Robert W. Baird raised their target price on shares of MongoDB from $390.00 to $430.00 in a report on Friday, June 23rd. Truist Financial raised their target price on shares of MongoDB from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Friday, September 1st. Finally, Morgan Stanley raised their target price on shares of MongoDB from $440.00 to $480.00 and gave the stock an “overweight” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-one have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $418.08.

Check Out Our Latest Stock Report on MongoDB

MongoDB Profile

(Free Report)

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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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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Article originally posted on InfoQ. Visit InfoQ

AWS announced the general availability of the Rust procedural language handler, PL/Rust, for Amazon Relational Database Service (RDS) instances running versions 13 and 14 of PostgreSQL. This builds on the previous release in May 2023 that enabled the functionality only for instances running PostgreSQL version 15.

Amazon RDS is a managed database service provided by Amazon Web Services. It includes support for popular database engines such as MariaDB, MySQL, Microsoft SQL Server, Oracle and PostgreSQL.

PostgreSQL is an open source relational database system developed in C. It includes a system for the creation of user defined functions in languages other than SQL and C as Procedural Languages (PLs). The execution of a PL requires a handler able to interpret, and in some cases execute, its source text. A PL is normally referred to by the language its handler enables, prefixed with a ‘PL/’. The core PostgreSQL distribution includes four PLs as standard: PL/pgsql, PL/TCL, PL/Perl and PL/Python. PL/Rust is a new non-core handler within the PostgreSQL extension ecosystem.

With its first production release in April 2023, PL/Rust was created to provide comparable performance to PostgreSQL functions written in C. With the handler, PostgreSQL functions defined in Rust are compiled to native machine code and benefit from Rust’s memory safety guarantees. An example function defined in Rust is shown below:

psql> CREATE FUNCTION add_two_numbers(a NUMERIC, b NUMERIC) RETURNS NUMERIC STRICT LANGUAGE plrust AS $$
    Ok(Some(a + b))
$$;

psql> SELECT add_two_numbers(2, 2);
add_two_numbers 
-----------------
               4

Enabling the PL/Rust extension is done by adding ‘plrust’ to the ‘shared_preload_libraries’ parameter in the RDS DB parameter group and running a create extension command within the instance. PL/Rust executes within Amazon RDS as a trusted language, which denies function authors from using any Rust features that would access file system operations, external modules or PostgreSQL server processes via the operating system. While the PL/Rust guide includes instructions for installing the extension in an untrusted mode, Amazon RDS does not permit this.

A performance test of PL/Rust on a large sample of random vectors showed significant reductions in runtime. For the same dataset, PL/pgsql and PL/v8 had run times of 14 and 54 seconds while PL/Rust took 3 seconds.

A major limitation of PL/Rust in the Amazon RDS ecosystem is that it is currently not available for users of Amazon Aurora, the fully managed offering on top of Amazon RDS. In addition, users on Amazon RDS must be granted access to PL/Rust by a holder of the RDS Superuser privilege, despite it being a trusted language extension.

Finally PL/Rust is available in all AWS regions and further information on its use can be found on the Amazon RDS User Guide.

Posted on mongodb google news. Visit mongodb google news

In 2023, the world witnessed a significant turning point in the realm of artificial intelligence (AI). Advancements in large language models fueled remarkable progress in generative AI, enabling these next-generation models to create original content autonomously. This breakthrough promises substantial productivity gains by automating repetitive tasks, allowing human employees to focus on higher-level functions.

The rapid adoption of AI has piqued the interest of investors seeking opportunities in this transformative technology. Various estimates abound, but one particularly optimistic projection from Cathie Wood’s Ark Investment Management suggests that the AI software market could potentially reach a staggering $14 trillion by 2030, assuming vendors capture just 10% of the value they create. Even if this projection proves somewhat ambitious, it underscores the potential for the AI market’s explosive growth in the coming years.

Two high-growth stocks poised to benefit from the AI boom 

HubSpot (HUBS 0.42%) has made a name for itself by pioneering inbound marketing, which emphasizes building customer relationships through engaging online content, including social media and blog posts. Over time, HubSpot expanded its offerings to encompass a wide range of customer relationship management (CRM) functions, offering a comprehensive platform that includes marketing, sales, service, content management, operations, and more. Notably, HubSpot has integrated generative AI across its offerings, making it easier for users to harness the power of AI without requiring them to become AI experts. In the second quarter of the year, HubSpot reported robust results, with revenue reaching $529 million, a 25% year-over-year growth, and adjusted earnings per share (EPS) of $1.41, tripling over the same period. This growth was driven by a 23% increase in customer additions and strong relationships with existing customers.

MongoDB (MDB 0.64%) disrupted the traditional database model by offering the cloud-native Atlas platform, capable of handling diverse data types, including social media content, audio and video files, documents, and standard data. This flexibility empowers developers to create more versatile software and apps. MongoDB’s Q2 results were impressive, with revenue reaching $424 million, a 40% year-over-year increase, and adjusted EPS of $0.93, a remarkable 304% surge. The company also added 8,000 new customers in the past year, marking a 22% increase. Despite the stock appearing relatively expensive at 13 times next year’s sales, MongoDB has delivered exceptional returns, gaining over 1,300% since its public debut six years ago, surpassing its peers.

As businesses seek platforms capable of building and integrating new AI software applications, MongoDB’s Atlas stands out as a top choice due to its adaptability and robust capabilities.

Investors are increasingly recognizing the transformative potential of AI, and companies like HubSpot and MongoDB, with their strategic integration of AI technologies, are well-positioned to capitalize on this revolutionary shift in technology. While the AI market’s growth trajectory remains uncertain, the prospects for continued expansion are undeniably promising, making these high-growth stocks appealing options for those looking to invest in the AI boom.

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The Cloud Native Computing Foundation (CNCF) released Kubernetes 1.28 named Planternetes. The release has new features such as mixed version proxy, support for CDI injection into containers, and sidecar container awareness.

Also, There are beta features included in the release such as ValidatingAdmissionPolicies, match conditions for admission webhooks, and the enablement of swap space in Linux.

Several features have been marked generally available or stable, such as recovery from non-graceful node shutdown, automatic and retroactive assignment of default StorageClass, and changes to support skew between control plane and node versions.

In version 1.28, CephFS in-tree plugin is deprecated and CSI migration for GCE PD is removed.

In the new release, there is a new package repository for Debian and RPM at pkgs.k8.io replacing the legacy package repositories at apt.kubernetes.io and yum.kubernetes.io. Such repositories are deprecated and frozen from September 13, 2023. Users can check if they are affected by reading the blog post on the project’s website to take the necessary steps.

Three high-severity vulnerabilities (CVE-2023-3676, CVE-2023-3893, and CVE-2023-3955) have been addressed and patched in this release. They are related to insufficient input sanitization that can lead to privilege escalation on Windows nodes.

A mixed version proxy support has been introduced to enable the kube-apiserver to respond to requests even when control plane components are at different versions. This is done by having the kube-apiserver check which kube-apiserver can serve the requested resource and then proxy it to a suitable peer which can be helpful during maintenance.

In the new release, native sidecar containers are introduced. A restartPolicy field for init containers is introduced with the only valid value Always to mark an init container as a sidecar. Unlike prior versions, In 1.28 the Kubelet will only wait for the init container to have started without completion before starting the main containers of the Pod.

In the new release 1.28, ValidatingAdmissionPolicies graduated to beta allowing declarative and in-process alternatives to validating admission webhooks. Such policies use the Common Expression Language (CEL) to describe the validation rules of a policy. This is turned off by default.

In addition, support for enabling swap memory space on Linux graduated to beta. This feature enables the Kubelet to support Kubernetes workloads on Linux to use worker nodes swap space. This can be beneficial for administrators looking for node-level performance tuning or developers with applications using swap memory.

Recovery from non-graceful node shutdown became generally available in this release. This allows stateful workloads to restart on a different node in case a node shuts down suddenly or is in an irrecoverable state due to an operating system crash or hardware failure.

Changes to support skew between control plane and node components versions were flagged as stable in version 1.28. Such modifications allow the control plane components including the kube-apiserver to be three minor (n-3)versions apart from node components including the Kubelet and kube-proxy. This allows end users to perform minor version upgrades to nodes once a year while staying within upstream support.

Kubernetes is a graduated CNCF project and a container orchestration system for deploying and managing containerized applications at scale.

Kubernetes version 1.28 has 45 enhancements including 19 entering alpha, 12 becoming generally available or stable, and 14 graduating to beta. In addition, 3 features are being deprecated or removed according to the release notes,

CNCF held a webinar on September 6, 2023, to discuss the changes from the release team.

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AWS-based software artifact repository CodeArtifact now supports the Swift Package Manager, in addition to Maven, NuGet, npm, pip, and others. This allows developers to store and retrieve Swift packages using Apple’s official package manager just like they do when using other repositories.

You can now publish and download your Swift package dependencies from your CodeArtifact repository in the AWS Cloud. CodeArtifact SwiftPM works with existing developer tools such as Xcode, VSCode, and the Swift Package Manager command line tool.

AWS CodeArtifact is targeted to organizations that want to have strict control on what dependencies their developers can add to their projects. This may have legal or security grounds, explains AWS developer advocate Sébastien Stormacq. Indeed, using a private package repository such as AWS CodeArtifact enables ensuring all available packages meet any specific license requirements the organization wants to enforce, as well as that packages are safe and do not contain backdoors which could lead to supply-chain attacks. For example, an organization could want to make sure only a given version of a package can be used that additionally has been built in-house, security checked, and legally approved.

For developers, using AWS CodeArtifact does not imply any change in their routine workflow, but it requires a specific setup comprising three steps: getting an authentication token from CodeArtifact, getting the repository endpoint, and adding the CodeArtifact repository endpoint to the Swift Package Manager.

The first two steps are accomplished executing the following requests, explains Stormacq:

export CODEARTIFACT_AUTH_TOKEN=`aws codeartifact get-authorization-token 
                                     --domain stormacq-test              
                                     --domain-owner 012345678912         
                                     --query authorizationToken          
                                     --output text`

export CODEARTIFACT_REPO=`aws codeartifact get-repository-endpoint  
                               --domain stormacq-test               
                               --domain-owner 012345678912          
                               --format swift                       
                               --repository MySwiftRepo             
                               --query repositoryEndpoint           
                               --output text`

Once you have the authentication token and the repository endpoint, you can either manually configure the Swift Package Manager, or run another command provided by the AWS CLI to the same effect:

aws codeartifact login          
    --tool swift                
    --domain stormacq-test      
    --repository MySwiftRepo    
    --namespace aws             
    --domain-owner 012345678912

With this setup in place, you can publish packages to the repository.

Once a package is available in AWS CodeArtifact, developers must simply provide the CodeArtifact URL in their Package.swift file, just as they do when specifying a Git endpoint to retrieve a package hosted, e.g., on GitHub.

AWS CodeArtifact requires at least Swift 5.8, which is the default toolchain on macOS 13 (Ventura) and Xcode 14. For Linux machines, the required toolchain can be downloaded from Swift.org. An important point to keep in mind is that AWS authentication token expires after 12 hours, which means you will need to set up a cron job to renew it periodically.